Go to the Actions tab in your N26 app before selecting CASH26 and choosing the withdrawal or deposit option. The app will create a unique barcode for your transaction—show this code to the cashier. To deposit cash at the Post Office, all you need is your card and of course the cash. It usually only takes minutes and you’ll receive a notification from us when it clears. For all customers, there’s a daily limit of £300 on cash. Tap the Home icon in the menu bar. Tap the Account button under your Monzo card (if you can't find this button, swipe down on your list of payments) Tap Limits and allowances. Limits include: Daily card. Making a cash deposit. If you'd like to pay cash into your Monzo account, you can deposit cash at any of 28,000 PayPoint locations across the UK. We pass on a £1 fee for making the deposit to help us cover. 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.
Welwyn Garden City, 15 November 2018: PayPoint has announced today that challenger bank, Monzo, has chosen PayPoint’s cash payments solution for its current account holders. From 21 November, customers will be able to deposit up to £300 cash directly into their Monzo account in a single transaction at any of PayPoint’s 28,000 convenience stores nationwide.
Monzo joins the growing list of challenger banks and fintechs, including Pockit, Monese, Tide and U Account, that have chosen the PayPoint network to offer their customers a cash deposit solution.
Monzo is the UK’s biggest digital challenger bank, with more than one million people already using its hot coral debit cards to spend and manage their money. The partnership with PayPoint gives Monzo customers access to a network of stores bigger than all banks, post offices and supermarkets combined. That means they can now pay cash into their accounts conveniently, wherever they are in the UK.
Tom Blomfield, CEO at Monzo, said: “Our goal is to give our customers more convenience and control over their money. And by partnering with PayPoint, Monzo customers will be able to pay cash into their accounts at shops that are easy to access and open when they need.”
Lewis Alcraft, Commercial Director at PayPoint, said: “This exciting partnership with Monzo is significant as it offers its digital-only customers physical-world options – it’s about giving people more control and making life easier. With over 99% of the UK population living close to a PayPoint store, this convenient solution allows Monzo’s customers to deposit cash, early ‘til late, 7 days a week.”
-ENDS-
Enquiries:
Steve O’Neill
Marketing Director
+44(0)1707 600 440
steveoneill@paypoint.com
PayPoint Press Office
MHP Communications
+44 20 3128 8100
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