Monzo

266 results about this entity

Period: 30 Jun 2015 - 21 Jan 2025

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Starling Bank follows Monzo with new charging structure

/retail

Starling Bank follows Monzo with new charging structure

Starling Bank has joined Monzo in leveling a range of new fees for services relating to its GBP and Euro accounts.

Monzo bids to cut costs with new fees for ATM withdrawals and lost cards

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Monzo bids to cut costs with new fees for ATM withdrawals and lost cards

Monzo is to slap free-loading users with a three percent charge for ATM withdrawals amounting to over £250 per month and a £5 fee for replacing lost cards.

PRA challenges business models of new banks in consultation paper

/regulation

PRA challenges business models of new banks in consultation paper

In a recent consultation paper, the Prudential Regulation Authority (PRA) set out its proposed approach to the supervision of both new and growing non-system UK banks.

Monzo, Starling and the lessons for challengers post-Covid

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Monzo, Starling and the lessons for challengers post-Covid

Recent weeks have brought news of differing fortunes for two of the UK’s flagship digital challenger banks. With Starling confidently announcing it would break even by the end of 2020, Monzo has described “the significant doubt” that Covid-19 had cast on the bank’s ability to continue.

A tale of two banks: Monzo vs Starling

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A tale of two banks: Monzo vs Starling

While other digital challengers struggle to keep afloat during the pandemic, Starling Bank says it remains on course to reach profitability by the end of 2020, overseeing significant growth in staff, customers numbers and its loan book over the past year.

BoE increased Monzo capital demands during fundraising - FT

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BoE increased Monzo capital demands during fundraising - FT

The Bank of England temporarily increased the capital requirements for Monzo as the challenger bank looked to raise funds earlier this year, according to the Financial Times.

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

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Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

The fallout from the Covid-19 pandemic casts "significant doubt" on Monzo's ability to continue as a going concern, says the challenger bank in its annual report, which shows a £113.8 million loss for the year.

Monzo to charge users for account aggregation features

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Monzo to charge users for account aggregation features

Monzo is to charge account holders £5 a month to get hold of account aggregation features in its mobile app, a service which other banks serve up as part and parcel of their digital offerings.

/payments

Monzo tests 'easy bank transfer' for moving money into account from other banks

We're making it easier to add money to your Monzo account.

Monzo closes funding round at 40% discount

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Monzo closes funding round at 40% discount

UK challenger Monzo has sealed a £60 million funding round at a valuation of £1.25 billion - a 40% discount on its previous sky high pricetag of £2 billion.

Coronavirus-hit Monzo to cut up to 120 jobs

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Coronavirus-hit Monzo to cut up to 120 jobs

Digital bank Monzo is axing up to 120 jobs as it faces up to the economic fallout of the Covid-19 pandemic.

Challengers beat incumbents on account opening experience

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Challengers beat incumbents on account opening experience

Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.

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