Challenger bank Monzo has renewed its exclusive deal with PayPoint to provide cash deposit solutions for account holders.
Monzo customers can deposit up to £300 in cash directly into their accounts in a single transaction, and a maximum of £1,000 over six months, at the stores of PayPoint’s partners.
Monzo was founded in 2015. The renewal of the PayPoint partnership gives its 3.6m customers access to a network of stores bigger than all banks, post offices and supermarkets combined.
Lewis Alcraft, Chief Commercial Officer at Paypoint, said: “We are thrilled to grow our partnership with Monzo to benefit its customers across the UK. We will continue to offer its digital-only customers the benefits of physical-world convenience – it’s about giving people more control and making life easier. Monzo account holders can continue depositing cash in their local convenience stores, early ‘til late, seven days a week.”
