The Latest Breaking News from Monzo

From the rewards card for fitness-loving foodies to the UK’s first green debit card, Katie Strick picks the best to add to your wallet

The Competition and Markets Authority’s latest satisfaction survey asked customers how likely they would be to recommend their provider to a friend, relative or other business

Concerns over ‘debanking’ have risen after Nigel Farage controversy

The leader of the upstart True & Fair political party said challenger bank Monzo is closing its account with the group after two years

Reports vary as to why the private bank Coutts decided to close the account of former UKIP leader Nigel Farage. He claims he was excluded for his political views, the bank says the problem was a lack of funds. But either way, his case does highlight a wider and longstanding…

The mobile bank is also considering other acquisitions in Europe

Chancellor says barriers to careers in public life must be removed after being refused account ‘as a politically exposed person’

The bank, which says it has more than a 10th of the population as customers, managed to tip to a profit in March.

Simple logistics: “We offered a service that was so much better than what firms had been using before that,” says Tristan Thomas. “We delivered on the day we said we were going to, at the time we said, without damaging parcels”