Why you can’t create new Savings Pots – for now


(Graham - Mental health professional) #123

Ok. I’ll take the “Whoosh”…:blush:


#124

You could have just emptied it?


#125

You can’t go below £1000 without closing it so depending on @Ordog’s situation that may not have been possible


((╯°□°)╯︵ ┻━┻) #126

Sadly not. As @Kumnaa said. If you go below a thousand you need to delete it :cry:


#127

If you mean his shareholding, he’d have to sell it to someone who was willing to pay for shares in a startup that was being abandoned by it’s founder. Can’t imagine a huge queue…

If you mean his own cash, then no - that wouldnt be insider trading.


(Nathan) #128

Yes meant personal money.

If he knew (through the company, not publically) Monzo was going down and withdrew all his money then surely thats illegal?

But sorry tom I know who wouldnt do this :slight_smile: just all hypotheticals


(Marcel Ruhf) #129

No it wouldn’t be illegal. Besides, no customer would lose any money anyway due the protection offered by the Financial Services Compensation Scheme (FSCS) - well, at least if you don’t have more than £85K in your account.