You can yes, just likely to trigger an account closure. But to be fair none of us can say with any certainty what the outcome would be.
HSBC from last weekend no longer allow transactions with Coinbase. I can get funds out of Coinbase to HSBC via Paypal, really looking for a way to get funds in now HSBC have stopped the transactions, Monzo seemed likely?
Banks are clever enough to connect the dots so circumventing systems will always be a risk.
Monzo are not keen on bitcoin transactions either, it unfortunately seems to be the way the banking industry is going now. If you’re only doing the odd transaction in theory you should be fine, but if you’re a heavy trader then I’d probably look elsewhere.
Thanks , yes I guess its sounds odd, but I have just started to look into bitcoin and the very weekend I linked my hsbc ac to coinbase, that worked and I purchased some bitcoin(small amount), I later read they were stopping all such transaction (not just me)
Thanks, just looking for a reliable way to fund coinbase really
Is there a feature that Monzo will distribute my paychecks amongst my pots so that they can fulfill their goal by set date?
Example, I get paid weekly, every friday.
I need $100 every 1st of the month. So monzo will distribute $25 every friday so that I have $100 by the first.
When you get paid, you can tap into the payment and do a ‘salary sort’ this will then distribute your money into various pots of your choosing in the amounts you set.
If you put your $100 into a pot you can schedule the $25 withdrawal from the pot to your main balance weekly.
You could also put the initial $100 in the pot via the ‘salary sort’ feature I mentioned above or you can schedule a monthly deposit into the pot automatically - similar to the withdrawal.
but it has to be done manually right?
The salary sort option - yes. The rest can be automated.
Hello!
I am moving to the US next month and would like to ask about some functionalities of having Monzo UK and US account. If I open both of them, can I move my money from UK account to US account freely? What are the charges for the transfer?
Also, if I invested a sum into a UK fixed savings pot, will I be able to transfer the money to the US account? Will I be charged?
Thank you in advance!
No, you can’t transfer between the two accounts without using something like TransferWise. You can see them both in the app, but the UK and US accounts are completely separate.
I’m trying to add Apple Pay to my MacBook. It asks me to call Monzo to complete the process but you’re not taking calls. For some reason I can’t do the verification on the app…
Can you help?
Thanks.
Hi. Welcome.
You should have a notification in your feed.
Where would the feed be?
The feed the Monzo app on your phone. There’s pictures/advice in that thread if you have a look with people who have solved this issue before.
Ok thanks, taking a look now…
Ah yes, a little pop-up message has appeared! Thanks very much! All sorted.
Hi I just opened/got my card today, I’ve added some money to my account but I’m confused as to why on the user face it says my money has 3 days left?! :o what does this mean exactly? Any help would be greatly appreciated, thanks
hi , might like to read this thread with the similar question - the three days left is until the end of the month , which must be the default setting in budgets
Ah that makes sense then haha thank you!
Hi
Opened account tonight with Monzo. Confused, the information asked for birth name and nickname. I put both in, thought nothing of it. Then i panicked. Have i messed up, my wages will go into my birth name, wages wont go into nickname will it? Otherwise i need to somehow have help to take away my nickname. Sorry i am a newbie. TIA