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  • FIRST POST
    • starM
    • By starM 8th Apr 18, 2:19 PM
    • 1,382Posts
    • 182Thanks
    starM
    Monzu Overdraft
    • #1
    • 8th Apr 18, 2:19 PM
    Monzu Overdraft 8th Apr 18 at 2:19 PM
    Hi,

    Has anyone been offered overdraft on Monzu account.

    I have got the account for 5 months now but no facility to apply.

    MS
Page 1
    • SnowTiger
    • By SnowTiger 8th Apr 18, 3:53 PM
    • 3,470 Posts
    • 2,436 Thanks
    SnowTiger
    • #2
    • 8th Apr 18, 3:53 PM
    • #2
    • 8th Apr 18, 3:53 PM
    Hi,

    Has anyone been offered overdraft on Monzu account.

    I have got the account for 5 months now but no facility to apply.
    Originally posted by starM
    Monzo?

    I have an option to apply for an overdraft via the app.

    Select Account tab; there's a Find out about overdrafts button to tap on.

    I'm on the Android beta test stream.
    • Lomcevak
    • By Lomcevak 8th Apr 18, 4:35 PM
    • 738 Posts
    • 4,336 Thanks
    Lomcevak
    • #3
    • 8th Apr 18, 4:35 PM
    • #3
    • 8th Apr 18, 4:35 PM
    Yes, on iOS I have an "Overdraft available - find out about your overdraft option or switch it on" listed as an item on the main stream. Not interested, so i've not used it.

    There's also an option if you select the Account tab, "Find out about overdrafts"

    Plain vanilla iOS app, no beta anything.
    MFiT-T4#126, 135k to 60k: 66,633/75,000 (91.15%), 2018 MFW#11 12,913.83/15,000 (86.09%)
    30k-in-18#11 35,129.12/30,000 (117.10%)
    • davethorp
    • By davethorp 9th Apr 18, 6:57 PM
    • 1,469 Posts
    • 1,079 Thanks
    davethorp
    • #4
    • 9th Apr 18, 6:57 PM
    • #4
    • 9th Apr 18, 6:57 PM
    Option appeared for me on iOS when I downloaded the last app update. Offered me 750 which seems a bit ridiculous for me as I only have a 250 overdraft (which I have never used) on my main account with Yorkshire Bank/B

    I wont be considering using monzo as my main bank until they have the current account switch service and Apple Pay. Lack of branch access also scares me but I suppose as long as I keep accounts with bricks and mortar banks then that is workable

    Had the account with monzo since January

    • davethorp
    • By davethorp 9th Apr 18, 10:20 PM
    • 1,469 Posts
    • 1,079 Thanks
    davethorp
    • #5
    • 9th Apr 18, 10:20 PM
    • #5
    • 9th Apr 18, 10:20 PM
    According to this post on Monzo!!!8217;s forums the option should roll out to all in the next few days

    https://community.monzo.com/t/making-overdrafts-available/35993/22

    • hangonthebox
    • By hangonthebox 25th Apr 18, 10:33 PM
    • 20 Posts
    • 12 Thanks
    hangonthebox
    • #6
    • 25th Apr 18, 10:33 PM
    • #6
    • 25th Apr 18, 10:33 PM
    Yep. Got a push notification telling me about it today so I applied. Got a 500 limit which, as I mentioned in another thread, surprised me as I use the account very little and only small amounts.
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