We'll be bringing you the very latest updates, pictures and video on this breaking news story. Fellow smartphone bank Starling already inked a deal with the Post Office in November last year, enabling its customers to deposit cash and cheques in any of the Post Office's 11,500 UK branches. See insights on Monzo Bank including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. If you click on them we may earn a small commission. Looking for a better bank? Paying a cheque in online: how to a pay a cheque in through mobile banking or the Post Office - and if banks are open ... you may feel more comfortable paying a cheque in online or by post. The Post Office processed 130million transactions last year for cash withdrawals and deposits. How to stop your tax return coming back to haunt you: Millions are expected to put off their bills this year - but at what cost? Under Monzo’s arrangement, the Post Office would offer customers a service to pay in cash for a small fee. 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Monzo customers will soon be able to pay in cash and cheques at the Post Office. Save your house sale from the stamp duty cliff edge: It's predicted 100,000 buyers will miss the deadline and get a big tax bill, Home repossessions set to surge tenfold next year as support schemes dry up, BUSINESS LIVE: Inflation up to 0.6%; Strong e-sales at Dixons Carphone; WH Smith expects £15m-£20m monthly cash burn, What CAN Britain learn from Beijing? On Trustpilot, Monzo has 4.5 out of 5 stars and a rating of Excellent, based on more than 6,000 reviews (updated 30 March 2020). Our. Digital-only bank Monzo has told MPs it has entered discussions with the Post Office to allow customers to deposit and withdraw cash in its branches. ASK TONY: Lloyds dropped the ball over my son's football... What CAN Britain learn from Beijing? Monzo Bank Ltd (/ ˈ m ɒ n z oʊ /), is an online bank based in the United Kingdom. Both perks last for a year. Tom Blomfield, who launched the mobile-only bank in 2017, told MPs customers may soon be able to deposit and withdraw cash in postal branches nationwide. The advantage of cheque-cashing services is that they will usually cash personal cheques. Customers must switch through CASS, deposit £500 in each of the first two months and make 10 debit card purchases over that time. US casino operator MGM ends its £8bn bid for Ladbrokes... ALEX BRUMMER: UK stages a float fightback to stop our... Is YOUR branch closing? British marque completes reborn 1920s racer, Renault 5 EV prototype will look like the 1980s rally car, The all new Toyota Mirai 2021 hydrogen fuel cell car, 'UK shares can do well when the world reopens': Tom Becket, Electric cars could reap benefits from new green number plates, Can Scottish Mortgage keep climbing? 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Customers of the east London-based bank can invest as little as £10 or as much as £2,000 through Monzo's app, Subscribe to Daily Mirror and Sunday Mirror newspapers, one in six people still rely on cash despite the rapid growth of contactless and card payments, N26 Black rated - new bank account with unlimited free overseas cash withdrawals. Connie's body was later discovered on a beach, Joe Biden weeps in final speech before inauguration as Trump spends lonely final hours as president, The outgoing US President will hold a final gathering at Joint Base Andrews in Washington DC before departing for Florida, snubbing Joe Biden's inauguration. The app-only bank's founder said it could follow in the footsteps of Starling which allows you to pay in cash, withdraw and check your balance at the Post Office, Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. An outstation cheque should not take more than 15 days to be processed, while a local cheque should be cleared within 48 hours. You can withdraw up to your ATM limit and these withdrawals are free. IT'S SO FLUFFY!!! What is a Monzo Golden Ticket? With over 27,500 locations across the UK, our network is bigger than all of the banks, Post Offices and supermarkets put together. 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Must hold two direct debits to earn monthly credit interest. If you pay in a cheque on Monday before the Post Office cut off time, we will usually receive it by Wednesday and credit your account.The cheque value should appear on your account by close of business Thursday (with Wednesday's date), and your funds will be available to withdraw. Mum caught Covid, gave birth while in a coma and is now fighting for her life, Sameera Khan, 28, was rushed to hospital from her London home on January 8 when she was 29 weeks pregnant, after she became ill with coronavirus and her oxygen levels fell, Scientists create 'age reversing therapy' extending life of mice - it may work on humans, The method was detailed in a paper in the Science Translational Medicine journal and experts say the anti-ageing developments in new gene therapy could one day be used on humans. China gave the world... Superdry's losses mushroom as store closures hit the... MARKET REPORT: Second round of funding to prop up... Is this the answer to pension freedom without the pain. You are able to check your balance and withdraw cash using a current Debit Card & pin number at Post Office® counters. Since they don’t have any branches you can pop in to, you’ll actually have to post any cheques in! Some links in this article may be affiliate links. However, there is a Freepost address for this so you don’t need to fork out for a stamp. Learn more about the range of banking services offered by Post Office Money, including Current Accounts as well as personal Loans. Digital bank Monzo has entered discussions with the Post Office to allow its customers to deposit and withdraw cash in branched across the country. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. This is Money's five of the best current accounts, Read our full best bank accounts round-up, Lord Blunkett 'never envisaged' disabled Child Trust Fund issues, BMW under fire for latest 'woke' promo video, Bentley blower is back! Earn interest. Visit your nearest Post Office, where you can deposit cheques and cash into your account. Convenient for business customers who would prefer to access their account at their local Post Office® We do not allow any commercial relationship to affect our editorial independence. Customers of the east London-based bank were able to invest as little as £10 or as much as £2,000 through Monzo's app. You can lodge a cheque but not cash them in the post office! Remember, both Starling and Monzo are just like high street banks – you can set up Direct Debits, Standing Orders, and complete bank transfers from both apps. For business account cash deposits up to £1,000, there’s a £3 charge and for anything over £1,000, there’s a … Starling go one step further and allow you to pay in cash at any Post Office. There are many cheque-cashing stores and services that will cash cheques for a percentage of the amount. Tom Blomfield, chief executive of the start-up which has no branches, told the Treasury Select Committee yesterday that cash transactions were not 'going away'. Club Lloyds's Current Account offers benefits such as cinema tickets, magazine subscriptions and dining cards to current account holders. To get the bonus, £1,000 must be paid into a linked easy-access account and 2 direct debits transferred over. explains more about how we use your data, and your rights. 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