This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Monzo has opened a waitlist for the new account which lets ...

Monzo Bank’s customers were left frustrated on Tuesday after the online bank suffered a widespread app outage, temporarily knocking out key features while core banking services continued to work.

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Bringing Monzo magic to a new generation, the account gives children the ...

If you use an arranged overdraft of £1,200, you’ll be charged the Equivalent Annual Rate of 0.00% on the first £50, and 29.9% ...

A Monzo spokesperson said it had activated a back-up banking service after identifying issues affecting its app.

Customers reported failed subscription payments and support issues, though a backup system kept some basic functionality online.

Digital banks - online-based with no physical branches - have become very popular in the UK in recent years. According to research from Finder, around 40 per cent of UK adults already have a digital ...

Monzo, a top UK-based digital bank, has been hit with a penalty of £21,091,300 for “inadequate anti-financial crime systems and controls.” In a public statement the UK Financial Conduct Authority said ...

LONDON (Reuters) - Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some ...

The launch of Making Tax Digital on April 6 will mark a significant and time-saving change for certain people in how to ...