There are three main ways to deposit money into your Monese UK account:
- Cash deposits
- UK bank transfers
- IBAN transfers
To make a cash deposit simply go to any Post Office or Paypoint location in the UK (PayPoint) where you'll be able to present your Monese debit card along with your currency. The fees for cash deposits differ between the Starter and Plus pricing plans.
For the Starter plan customers the Post Office cost is 2% of the sum with £2 minimum per transaction and the funds will arrive in your account on the next business day. Deposits at Paypoint locations cost 3.5% with £3 minimum but are instantly available.
For the Plus plan customers paying monthly fee of £4.95/4.95€ the Post Office cost is £1 per transaction and deposits at Paypoint locations cost 2.5% with no minimum.
UK bank transfers:
To transfer funds into your Monese account from another UK bank, you will need to enter your Monese account number and sort code. These can be both found in the Monese app.
For information on IBAN transfers, please see the IBAN deposits section.
Monese is currently unable to accept cheque deposits.