PREpaid cards for the homeless

[alexs (Alex Sherwood)]

That’s a great idea but unfortunately, I don’t think Monzo are going to be able to provide prepaid cards for this purpose, for a couple of reasons:

This came up at the time of the Grenfell Tower disaster & Monzo couldn’t provide cards for the residents because the prepaid cards required

@anon38211169

security checks or identity verification before use, which is one of the biggest obstacles for us in providing cards which people can top up and use freely

They’ve also recently shut down their prepaid card program which was costing them an unsustainable amount of money.

However at the time, the team said that

@anon38211169

We’re exploring other ways we could help in these situations, so we can be more prepared should a disaster like this ever occur in future. I would like to think that the motivation which drives Monzo is rooted in empathy and understanding for the problems people encounter every single day somewhere in the world and times like this only serve to strengthen our commitment to providing a financial service accessible to all, especially in times of need.

& they do plan to offer their current accounts to the unbanked so they might be able to provide another solution for this, without using prepaid cards