Nov 14, 2018 PayPoint has announced today that challenger bank, Monzo, has chosen PayPoint’s cash payments solution for its current account holders. Beginning Wednesday 21 November, customers will be able to. I plan on making a £250 deposit into Luno and owning some bitcoin and then using Exodus and Mirror Trading International to gain interest, and then at some point cashing it out back into my Monzo. Alternatively I can make this deposit into my Revolut account and then make the further deposit from my revolut account into Luno. Sep 04, 2020 The digital bank Monzo is to introduce charges for customers who do not use it for everyday banking but make cash withdrawals of more than £250 a month. From 31 October, the bank will charge.

Welwyn Garden City, 09 January 2020: Challenger bank Monzo has renewed its exclusive deal with PayPoint to provide cash deposit solutions for account holders.

Monzo customers can deposit up to £300 in cash directly into their accounts in a single transaction, and a maximum of £1,000 over six months, at any of PayPoint’s 28,000 convenience stores nationwide.

Monzo, which was founded in 2015, is the UK’s fastest growing bank, with 3.6m people already using its ‘hot coral’ debit cards to spend and manage their money. The renewal of the partnership with PayPoint gives Monzo customers access to a network of stores bigger than all banks, post offices and supermarkets combined.

Monzo Cash Deposit Credit Cards

With 99.3% of the UK population living within one mile of a PayPoint store, Monzo users will now have more control over how they manage their money, by depositing cash at a time and place of their choosing.

Lewis Alcraft, Chief Commercial Officer at Paypoint, said:
“We are thrilled to grow our partnership with Monzo to benefit its customers across the UK. We will continue to offer its digital-only customers the benefits of physical-world convenience – it’s about giving people more control and making life easier. Monzo account holders can continue depositing cash in their local convenience stores, early ‘til late, seven days a week.”

Monzo Cash Deposit Points

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Monzo Cash Deposit Account

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