Searched but cannot find a direct answer. I have a couple of queries with how savings pots work with the banks Monzo are partnered with.
When opening a savings pot, who am I protected under FSCS through? Monzo or the partner bank (e.g. Shawbrook).
If I have an issue with my savings pot who do I contact? Monzo or the partner bank?
Monzo, they are the main provider. The other partner is just that, a partner (that is also FSCS protected which is why Monzo are using them).
It’s per provider. You’ll find this in the pot opening flow.
It makes Monzo particularly attractive to those trying to spread their money for FSCS reasons.
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