Ok. I’ll take the “Whoosh”…
You could have just emptied it?
You can’t go below £1000 without closing it so depending on @Ordog’s situation that may not have been possible
Sadly not. As @Kumnaa said. If you go below a thousand you need to delete it
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.
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 just all hypotheticals
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.
Any update or rough estimate as to when Saving Pots will return?
I’ll need a few more in April so would be nice if they were back.
A few more? I thought you could only have one?
You can have as many as you like. I know because I asked the same question before!
This is true, you can have as many as you like but they do count towards the general pot limit (20 now I think?)
Can’t believe it has been 2 weeks since asking for an update and no reply from Monzo yet
But Dozens have the minimum £100 5% bonds soon
Do you mean Savings Pots, or just Pots?
They’re open now!
Savings pots. The ones with interest.
Swines only got my code yesterday so can’t do anything till I get the card
Apparently this round is open until Monday, so fingers crossed for Mr Postman!
Hmmm - i thought you could only have one of those. Must have changed since they first launched.
I thought you were always allowed multiple savings pots, but the maximum limit (£250k I think?) is across all savings pots, not individual ones
Quoted from the article here:
However, I believe that the pot limit has been increased since then so you could have up to 20? As I understand regular pots and savings pots all account towards the pot limit.