Yes, it will.
- You can continue to use your Monese account and debit card.
- Payments will continue to be sent and received.
- You can continue to send money abroad.
- Fees will not increase as a result of Brexit and will remain transparent.
If you live in the UK and have a Monese account, it will continue to be regulated by the Financial Conduct Authority (FCA) in the UK. If you have a EUR account, you’ll keep your account number (IBAN) that starts with ‘GB’, which will continue to work just as before.
If you live in France and have a Monese EUR account, it will still have an account number (IBAN) that starts with ‘GB’ for the time being. But we’re working on delivering a much better solution here, which we'll be able to update you on soon.
If you live anywhere else in the European Economic Area, your Monese account is now regulated by the National Bank of Belgium (NBB). You should’ve already received a new account number (IBAN) for your Monese EUR account. It starts with ‘BE’, and you can use it to set up direct debits in euros! Your old account number (IBAN) still works as well.
You can always find all your account details on your Monese app: on your home screen, just select the account you want to look at and then tap on ‘Account details’.
Our Terms and Conditions have already been updated to account for these regulatory changes.