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Monzo joins Current Account Switch Service

Martin Greenland | 16:46 Wednesday 2nd May 2018

Mobile-only bank Monzo has enabled customers to switch bank accounts in just a few taps.

Using the government-backed Current Account Switch Service, customers can move some or all of their payments between banks that support the service.

Monzo current account holders can opt for a full switch – which transfers the account balance and all payments to Monzo and closes the account at the other bank – or a partial switch – which allows the customer to choose which payments they want to move to Monzo and which payments they would prefer to keep where they are.

The mobile-only bank has also announced the launch of Monzo Labs, whereby account holders are given the opportunity to access the latest current account features.

Here, Monzo account holders are encouraged to test out new features and share their feedback and ideas.

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