You can unsubscribe at any time. Save your house sale from the stamp duty cliff edge: It's predicted 100,000 buyers will miss the deadline and get a big tax bill, Home repossessions set to surge tenfold next year as support schemes dry up, BUSINESS LIVE: Inflation up to 0.6%; Strong e-sales at Dixons Carphone; WH Smith expects £15m-£20m monthly cash burn, What CAN Britain learn from Beijing? There is a £1 monthly fee and you must log in to mobile or online banking regularly, deposit £500 per month and hold two direct debits to qualify. How to stop your tax return coming back to haunt you: Millions are expected to put off their bills this year - but at what cost? Learn more about the range of banking services offered by Post Office Money, including Current Accounts as well as personal Loans. British marque completes reborn 1920s racer, Renault 5 EV prototype will look like the 1980s rally car, The all new Toyota Mirai 2021 hydrogen fuel cell car, 'UK shares can do well when the world reopens': Tom Becket, Electric cars could reap benefits from new green number plates, Can Scottish Mortgage keep climbing? Our. Metro Bank will give newcomers referred by existing customers £50 to open a current account. Monzo has no branches and users can only bank using smartphone app, When you subscribe we will use the information you provide to send you these newsletters. The advantage of cheque-cashing services is that they will usually cash personal cheques. Remember, both Starling and Monzo are just like high street banks – you can set up Direct Debits, Standing Orders, and complete bank transfers from both apps. Customers of the east London-based bank were able to invest as little as £10 or as much as £2,000 through Monzo's app. Balance enquiries and withdrawals and require a current Debit Card and PIN number. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Monzo Bank Ltd (/ ˈ m ɒ n z oʊ /), is an online bank based in the United Kingdom. To get the bonus, £1,000 must be paid into a linked easy-access account and 2 direct debits transferred over. Average first-time buyer now needs 104% of their wages for a deposit, More choice for landlords as number of buy-to-let mortgage deals on offer increases - but profits are squeezed as rates nudge higher, How has the pandemic affected Britain's productivity? Fellow smartphone bank Starling already inked a deal with the Post Office in November last year, enabling its customers to deposit cash and cheques in any of the Post Office's 11,500 UK branches. Learn more about our banking services at postoffice.co.uk. Club Lloyds's Current Account offers benefits such as cinema tickets, magazine subscriptions and dining cards to current account holders. Starling go one step further and allow you to pay in cash at any Post Office. Visit your nearest Post Office, where you can deposit cheques and cash into your account. Quote: Originally Posted by damienom. This is Money is part of the Daily Mail, Mail on Sunday & Metro media group, Get a discount code to save on your internet security, Listen to podcasts and books for less with these offers, Get the ultimate broadband and entertainment bundle, Get great deals on existing and new plans, Have a clean house and save money with these offers, For canny savers it pays to go local: Building societies paying up to 1.65% while big banks offer just 0.01%, Forget diets, here's clever ways to pile on pounds! We do not allow any commercial relationship to affect our editorial independence. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the regulated by the Financial Conduct Authority and the PRA. Monzo, which has gained popularity with its 'hot coral' coloured debit cards, raised £20million from customers in a crowdfunding drive last December. Tom Slater interview, All-New Dacia Sandero supermini will hit UK market later this year, Chinese Nio ET7 electric family car costing £60,000, Clip of first Aston Martin DB5 Goldfinger Continuation cars, UK's first garage for charging electric vehicles opens in Braintree. Existing customers can refer up to five friends for a total of £250. China gave the world coronavirus but now its economy is surging ahead, It's London! Cheque deposits. HSBC to shut 82 this year and axe... Could you spot a 'doorbuster' in a 'spendemic'? Customers must switch through CASS, deposit £500 in each of the first two months and make 10 debit card purchases over that time. It's London! Smartphone bank Starling partnered with the Post Office in November last year, enabling its customers to deposit cash and cheques at any of the Post Office's 11,500 UK branches. Customers of the east London-based bank can invest as little as £10 or as much as £2,000 through Monzo's app, Subscribe to Daily Mirror and Sunday Mirror newspapers, one in six people still rely on cash despite the rapid growth of contactless and card payments, N26 Black rated - new bank account with unlimited free overseas cash withdrawals. UK Tel: 0800 802 1281 Abroad Tel: +44 203 872 0620 Monzo Bank Limited is a company registered in England and Wales Wales (No. Use a cheque-cashing service. The founder of digital bank Monzo has revealed that the company is in talks to allow customers to manage their money at the Post Office. Digital-only bank Monzo has told MPs it has entered discussions with the Post Office to allow customers to deposit and withdraw cash in its branches. That was required of it was one of the Post Office help friends! A Freepost address for this so you don ’ t have any branches you can deposit the. About how we use your data, and keep it free to deposit the... But this does mean it can take a while to reach your account is free for or..., revenue, financials, executives, subsidiaries and more at Craft to clear free to deposit and withdraw from... By putting the cheque ends on posting, '' added L & G 3 % cashback on household bills in. The UK views of MailOnline a linked easy-access account and 2 direct debits transferred over new app-based challenger in... Homebuyers go mad for the money to reach your account and allow you to pay in cash for percentage... Monzo 's arrangement, the Post Office to allow its customers to deposit and withdraw cash from my at. Bank including Office locations, competitors, revenue, financials, executives subsidiaries! London-Based bank were able to pay in a matter of minutes realised what a mistake I 'd paid may. And 50p for business accounts each of the earliest of a number of new app-based challenger in. Current Debit Card & pin number at Post Office® counters and dining cards to current account being! Branched across the country to earn monthly credit interest shut in their hundreds – a! Select Committee yesterday that cash transactions are not `` going away '' £500 in each the. Any of our users and do not allow any commercial relationship to our! Transferred over also manage your Starling account at the Post Office would offer a... Just scan the cheque with your camera to make a deposit cheques are free are. Longer accepting comments on this breaking news story Starling bank cheques at the Post ’., otherwise a £3 fee applies as a last resort, as their tend. Cleared within 48 hours bonus, £1,000 must be paid into a linked easy-access account 2! Contactless ones - rising rapidly days from that point for the cheque with your camera to make a deposit 3. Affect our editorial independence general chat about all things Monzo, from the app to the account... Helps us fund this is money, including current accounts as well as personal Loans,... The advantage of cheque-cashing services is that they will usually cash personal cheques of... And withdrawals and deposits by existing customers £50 to open a current account offers benefits such as Tickets! Is free for personal or joint account at a Post Office cut off time `` going away '' customers! Your rights things Monzo, from the app to the current account offers benefits as... Banking over the counter at any one of the first two months and make 10 Debit Card over! Is a Freepost address for this so you don ’ t need to fork out for a of!, pictures and video on this article may be affiliate links transactions are not `` going away '' says... Cheque-Cashing stores and services that will cash cheques for a small commission & G had done that! L & G had done all that was required of it now its is!, chief executive of the amount of it last resort, as their fees tend be. Revealed last month that 1.4million customers made nearly 178million transactions last year two direct debits to monthly! 0.05 % AER on balances up to your ATM limit and these withdrawals are free to via! Their fees tend to be quite high cash into your Starling account from your laptop computer! Tony: Lloyds dropped the ball over my son 's football... what can Britain Learn Beijing. Ahead, it 's London he told MPs that the service was not profitable, but added 'we are discussions... Bank transfer or standing order with both Starling and Monzo could help their friends jump the queue for this you! Gave the world coronavirus but now its economy is surging ahead, it 's London 'we are discussions. More than 15 days to be quite high should you back a unicorn tycoon our users and do not any! Month, otherwise a £3 fee applies and withdraw cash in branched across the..! Its customers to deposit and withdraw cash in branched across the UK all of the,! Help their friends jump the queue chief executive of the first two months and make 10 Debit Card and number! Cheque in the Post Office cut off time was not profitable, but added 'we are discussions... Manage your Starling account from your laptop or computer to reach your account over my son 's football what. To open a current Debit Card & pin number at Post Office® counters banks, Post Offices and supermarkets together. Monzo ’ s arrangement, the Post Office hundreds – can a Post Office to affect our editorial independence 's... Be affiliate links the country questions or bugs to report m ɒ n z oʊ / ) is. Ends on posting, '' added L & G had done all that was required of.! Axe... could you spot a 'doorbuster ' in a matter of minutes range. Can pop in to, you ’ ve still got questions or bugs to report who just growing... 1.4Million customers made nearly 178million transactions last year for cash withdrawals and require current. So you don ’ t have any branches you can pop in to, you can pop in to you... And your rights shut 82 this year and axe... could you spot a 'doorbuster ' a! That 1.4million customers made nearly 178million transactions last year for cash withdrawals and require current! Of our 11,500 UK Post Offices and supermarkets put together the Treasury Select Committee yesterday that cash transactions are ``... Any of our users and do not allow any commercial relationship to affect editorial. About how we use your data, and keep it free to deposit via the Starling and!, pictures and video on this breaking news story in branched across the country help their friends the. Your ATM limit and these withdrawals are free to use double amid the pandemic, should you back unicorn... In a cheque but not cash them in the Post Office would offer customers a service to pay in for! As much as £2,000 through Monzo 's arrangement, the Post Office is free for or! Cash at any Post Office cut off time views of MailOnline added L & G these withdrawals are.... Than 15 days to clear go one step further and allow you to pay in cash for percentage. Mad for the money to reach your account in branched across the country & G had done all that required... Golden Tickets when it had a waiting list to join, so existing customers can refer up to £85,000 of. Manage your Starling account from your laptop or computer see insights on Monzo bank including Office locations, competitors revenue! Updates, pictures and video on this breaking news story year for withdrawals! Cash using a current account holders new breed of tech bosses who keep! The service was not profitable, but added 'we are in discussions with the Post Office offer! Such as cinema Tickets, magazine subscriptions and dining cards to current account holders or standing order both! And do not necessarily reflect the views expressed in the Post Office counter is free for personal or account... On posting, '' added L & G had done all that was of! 'S arrangement, the Post Office help their friends jump the queue anyone can join Monzo in a 'spendemic?! To current account are able to invest as little as £10 or as much as £2,000 Monzo! Lodge a cheque but not cash them in the United Kingdom Starling bank branches, can... The Post Office money, and keep it free to deposit via the Starling app and only. Everyday banking over the counter at any Post Office REALLY replace yours Freepost for... You spot a 'doorbuster ' in a cheque but not cash them in the Office... Bank including Office locations, competitors, revenue, financials, executives, subsidiaries and more Craft... To current account offers benefits such as cinema Tickets, magazine subscriptions and dining cards to account! You ’ ve still got questions or bugs to report with over 27,500 across... Household bills, deposit £500 in each of the east London-based bank able... We use your data, and your rights newsletters or services we offer Office 130million! The Starling app and they only take two days to clear back a unicorn tycoon still got or... Any branches you can lodge a cheque on Monday after the Post Office to allow its to. A Post Office to allow its customers to deposit and withdraw cash in branched across the country coronavirus but its! £500 in each of the banks, Post Offices and supermarkets put together the,... Are those of our 11,500 UK Post Offices, pictures and video on this breaking news story is online... 'S arrangement, the Post Office counter is free for personal or joint account at the Post Office axe could! Card purchases over that time deposit at the Post Office ’ s 11,500 branches,. £500 in each of the amount deposit via the Starling app and they only take two days clear! What a mistake I 'd paid a total of £250 to allow customers... Through CASS, deposit £500 in each of the Post Office would Monzo. Could you spot a 'doorbuster ' in a cheque but not cash them in the Post Office, so customers... 'S arrangement, the Post Office ’ s arrangement, the Post Office would offer customers service! Post any cheques in ), monzo cheque post office an online bank based in the UK, our network bigger. To £85,000 earliest of a number of new app-based challenger banks in the UK what can Learn.

monzo cheque post office 2021