Monzo as a casino banking method prides itself upon being innovative and fully catering to its customers’ needs. Here we will list all the UK casinos offering Monzo as well as the benefits.
Using Monzo on a casino site is straightforward.
Depositing into your Monzo account is straightforward. Follow these steps:
Making withdrawals in the UK using Monzo is free of charge, and there are no fees for day-to-day usage. Here’s how to do it:
Monzo is continuing to adapt to and react to trends. Using Monzo as a casino payment method has become increasingly popular, especially among the millennials. It is easy to use, and as it is built for use with mobiles, Monzo as a casino banking method is perfect for those who play on the go. It is one of the most popular consumer banks, and in terms of brand advocacy, it ranked higher than other brands in 2019 in the annual Brand Advocacy Rankings. Consumers gave the brand a very positive rating of 90% in a recent YouGov survey.
Using Monzo at an online casino is becoming more widespread. To check which casino accepts Monzo, you can visit established casino operators such as 32Red and see whether Monzo is an accepted form of payment. Here, you will also find details of promotions and bonuses as well as wagering requirements.
| Advantages of banking with Monzo | Disadvantages of banking with Monzo |
|---|---|
| 👍As a regulated UK bank, your money is safeguarded by the Financial Services Compensation Scheme (FSCS), which is an independent fund set up by the government to keep people's money safe. | 👎 Monzo has a daily withdrawal limit of £400 and there are no branches you can walk into to request higher amounts. |
| 👍 It's free. Payments and cash withdrawals in the UK are free, and there are no added fees. | 👎 At present, it only exists as an app, so it is not easy to sort out disputes or problems like you could at a traditional bank. |
| 👍 Registering an account takes a matter of a few minutes, and it is easy to set up. | 👎 There is a deposit fee of £1, whereas other digital banks don't charge for depositing money. |
| 👍 No credit checks are required. When it comes to informing you of your spending patterns and when you are getting close to exceeding your budget, the app is slightly more intuitive than some of its competitors. | 👎 It is excellent for individuals, but there is currently no business offering. |
As Monzo is fully protected by the FCA (Financial Conduct Authority), it works very hard to protect all its customers. The financial crime and security teams are made up of dozens of engineers, analysts and other experts who work very hard to detect fraud and take the necessary protections to protect you. If Monzo or another bank calls and asks you to move money to a ‘safe account’, or if HMRC calls you to make a payment, you should be wary.
There are no fees charged for using Monzo for payments and cash withdrawals in the UK. Fees are only charged if you withdraw cash while you’re abroad
Using Monzo at an online casino site is safe. Standard Monzo accounts are fully authorised and regulated by the FCA. There are sophisticated rules, which are related to keeping you safe online. Account-holders should be aware of third parties purporting to be their bank or any other organisation and take precautionary measures. Generally, it’s always safest to pay by card if you can. Bank transfers arranged online or over social media are fraught with risk and they are not protected in the same way as card payments. If something looks too good to be true, then it may well be.
While playing using Monzo at an online casino should be fun, Monzo recognises there may be times when you will need them. There are dedicated customer support services that can respond to all types of issues and concerns ranging from account problems to how to budget and even how to report a lost or stolen card. Monzo provides a customer support number, and you can also get in touch with an agent by sending an email.