CAN I RECEIVE MONEY WITH MONZO FROM EMPLOYERS?it is feasible?
Not yet but you will be able to once the current accounts launch
Here’s the latest news about their rollout -
It can be done, but not in the conventional way. Details to send money to your Monzo prepay by bank transfer:
You need to fall within your daily/monthly/yearly load limits though:
Just bear in mind that this is still a fairly manual process at Monzo’s end & your employer will need to remember to include the reference number, in order for you to receive your salary this way -
also, it’s not possible to transfer money from your account to another bank account, pay direct debits & standing orders etc. until it’s a current account.
You shouldn’t be relying on being able to use your prepaid card at this point either, as Monzo’s still in beta.
I know this isn’t directly related but does anyone know if you can receive payment from a buyer on eBay via PayPal with the prepaid card?
Not really as you need to be able to specify your account number in the transaction for Monzo to credit your card and PayPal autogenerates that field.
Whilst your case is not ‘work’ - this is a more relevant topic for your post to sit in. Hope that helps!
PayPal requires a bank transfer to deposit funds into an account, this isn’t possible without a Account Number and Sort Code.