The Monzo Current Account Preview

As far as I know, the team haven’t told us this yet (they may reply today of course) I’m afraid.

There’s a few things that’re worth bearing in mind here -

  • If you don’t have the funds in your account, the overdraft will simply bounce & you won’t be charged any fees as a result (source)
  • Monzo will know 24 hours before the DD is due to be taken so they should be able to give you a heads up. But that feature hasn’t been announced yet.
  • Monzo does list your scheduled payments in the current account app so you’ll alway have that for your reference -

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PS - in case there’s anything else that you’re wondering, you might find the answer in this Wiki which lists everything that we know about the current accounts & debit cards so far.