Monzo Cash Deposit

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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. Monzo ended its £5 refer-a-friend bonus at the start of this month, as the mobile bank crosses the three million customer mark. Monzo told us 100,000 people had encouraged their friends to sign up for an account in the past two months alone, and that they’re closing the program in order to ‘grow in a controlled manner’. Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person. A new way to bank With features like instant spending notifications, simple ways to send money, Pots for separating it and monthly spending summaries.

Monzo Cash deposit It says online that I can deposit up to £300 in “one go” with cash via a pay point. Is this a daily limit or can I do this multiple times like say I want to deposit £600 in cash.

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Jan
Cash
Challenger bank Monzo renews exclusive deal with PayPoint

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.


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.”

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