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Monzo Bank
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Another UK Bank will simply take them over them and migrate the accounts across if needed.
But remember the old adage 'never keep all your eggs in one basket'2 -
I seem to have more baskets than eggs5
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Neil49 said:dahj said:Another UK Bank will simply take them over them and migrate the accounts across if needed.
But remember the old adage 'never keep all your eggs in one basket'3 -
Neil49 said:dahj said:Another UK Bank will simply take them over them and migrate the accounts across if needed.
But remember the old adage 'never keep all your eggs in one basket'
Nothing to do with BoS or Lloyds Banking Group.
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dahj said:Another UK Bank will simply take them over them and migrate the accounts across if needed.
But remember the old adage 'never keep all your eggs in one basket'Agreed on both accounts.I think Monzo would be a pretty tasty acquisition for a legacy bank, or maybe even a global bank wanting to get a presence in the UK, in a fire sale scenario.0 -
Exit to a legacy bank or a deep involvement into consumer lending seem the two options to make Monzo sustainable. Let's see what the next few months bring us.0
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Does anyone know how quickly the PRA scheme would payout in practise if Monzo or any other financial institution goes under?
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block10 said:Does anyone know how quickly the PRA scheme would payout in practise if Monzo or any other financial institution goes under?
The compensation comes from the FSCS. For timescales for payouts and other information please refer to their website.0
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