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?
gmclean
(...)
2
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).
1 Like
Rika
(Scarlet)
4
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. ![:sweat_smile: :sweat_smile:](https://sjc3.discourse-cdn.com/business5/images/emoji/apple/sweat_smile.png?v=9)
4 Likes
system
(system)
Closed
5
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