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 and will remain transparent
If you are based outside the UK we will issue you with an additional account number for your Euro account, which you can use alongside your existing GB IBAN. As you receive your new IBAN in late September / early October, (late October for customers based in France), you will not have to do anything and your current IBAN will still continue to work as normal.
Our Terms & Conditions have already been updated, in order to account for these regulatory changes to our customers based in the rest of Europe.