i want indian people to use monzoooo like how it works in united kingdom
Big market to crack.
Iāve never heard of India as a specific target market - although Iām not sure Monzo could make money work for everyone without ending up the eventually.
Apologise if this has been asked before. I keep most of my money in pots then take it out to spend so my ābalanceā is sometimes only a few Ā£ until I move money around.
If I try to make a transaction with insufficient funds in my main account area - what will happen? Will it be declined? Will Monzo choose a pot at random to get the funds (the pots arenāt locked)? Will I go into an unauthorised overdraft?
Thanks
Yes, itāll be declined, but youāll be given chance to transfer money into the main account throughout the day until the transaction will be retried again later that day.
No
Youāll go ovedrawn only if you have an overdraft. If not, you wonāt become overdrawn.
If you donāt have an overdraft it will be declined
The only exception is if itās a direct debit or standing order and youāve selected to pay it from a bills pot. Then it will take money from the selected pot and if thereās not enough in that from the main account. If thereās not enough in either it will decline
Iām fairly new to Monzo and I think itās great. I used it on holiday in S Africa without any problem. I downloaded the App on my phone and again used it without issues. However about a month ago the App seemed to change in that I was unable to log in with my security code. It appeared to be a completey new App where I had to register or log in whereas before I only had to put my code in and I donāt know why the change. I went through the motions of logging in and an e mail link was sent to my e mail from this address - auth+3awnuo4g72q3@monzomail.com so my question is: is this genuine or some kind of phishing attempt? Thank you
Why are you logging in and out of the app so frequently?
To answer your question, yes that email address looks genuine. If the app is trying to get you to register then youāve not entered the correct email address for your account. It therefore thinks you want to sign up for a new account.
india is the second most populated country and if we can try to launch monzo debit card and all system then success is not much far then
Itās a country thatās pretty reliant on cash though isnāt it? Whatās the regulation like there for launching new banks, especially with foreign ownership?
Hello guys.
If I am ordering a new card I will get another account number and sort code too? (UK only)
Youll get a new card number (long one across the front) but your account number and sort code would stay the same
Hi there, Iām new here from another country and my money is tied up in my home country. Will Monzo add the facility to send international money to it in the near future?
Nothing has been announced so I would say it is unlikely
Transferwise is what Monzo recommend for the time being.
Thank you. How do I connect with Transferwise?
Hi,hope everyone is doing well.Iām not a expert on media nor using internet banking. I find the use of the card very simple and easy but after 6 months without using it it tells me the pin is wrong !!! On a cash machine. To ask to reveal my pin itās very difficult and after doing everything I have been asked, the pin view is not available!!! So canāt withdraw money from a cash machine because apparently the it is wrong and Can not view my pin in the app!!! Any help please . Many thanks
Thanks Ordog. I rarely sign in and out as it is generally open on my phone and I couldnāt figure out why after a year it was asking me to sign in when I hadnāt done anything but I have gone ahead and all seems OK but thank you for yr response.
K
Can you please help me to answer the following questions:
Why should I use Monzo? What is unique offering of Monzo?
Sounds like a discussion for another thread! Weāre mostly just customers here and arenāt trying to sell you Monzo.
If youāre thinking about it, try it and if you donāt like it then close your account. No harm done.
Because you want a bank account. Thereās no compelling reason to choose Monzo over any other bank, other than the budgeting options available.
As @Peter_G said above, try it. If you donāt like it, try a different bank.