What is an instant transfer and how does it work?

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Accepted Answer

By using Open Banking technology, instant transfers offer you the ability to instantly top up your Monese account from a linked UK bank account, without leaving your Monese app.Adding money via an instant transfer to your Monese account is simple. Here’s how to do it:Step 1: Open your app and tap on ‘Add money’ on the home screen.Step 2: Select ‘Instant bank transfer’ and enter the amount you’d like to add.Step 3: Tap on ‘Continue’ and we’ll prompt you to select your UK bank.Step 4: Log into your bank and select the account you’d like to send money from (don’t worry – you won’t have to close your Monese app).Step 5: Confirm your payment.That’s it! Your account balance will be updated in no time.