What Is Monzo Bank Tech Advisor
Is Monzo a bank? After starting out as a financial service called Mondo that allowed customers to load money onto a pre-paid debit-card and use an app to monitor their financial transactions, Monzo is now a fully-fledged bank with a license regulated by the Financial Conduct Authority (FCA) to operate in the UK. It’s also backed by the Financial Services Compensation Scheme (FSCA) which protects up to £85,000 of your money if the bank should encounter any problems....