I am leaving for a 3 year around the world adventure with my wife to be soon and we are looking into various travel cards for our journey. From what i have read so far about Monzo it sounds pretty great!
My only concern is the verification process. I have been a victim of identity theft before and the trouble it caused was insane! Really something i NEVER want to deal with again and has made me extra cautious when dealing with personal and sensitive information since.
I understand some type of verification may be needed to stop money laundering etc which is understandable. But, seeing as you have to scan your id with such sensitive and valuable information and record a video with audio that really does sound rather invasive and also an identity scammers wet dream! I am wondering what are these documents used for and what is done with them once they have been received? Are they shared with anyone outside Monzo? Are the documents securely deleted once the verification has been completed or is this sensitive data just sitting on a hard drive somewhere which could be compromised further down the line?
I really do want to sign up but i would want assurance of the security measures in place to stop our details being compromised in any way, especially seeing it is all handled from within an app and to my knowledge there is no way to send an encrypted file or an encrypted self destructed file.
Hope you can help me out , its really appreciated! Thanks