We'll be bringing you the very latest updates, pictures and video on this breaking news story. Connie's body was later discovered on a beach, Joe Biden weeps in final speech before inauguration as Trump spends lonely final hours as president, The outgoing US President will hold a final gathering at Joint Base Andrews in Washington DC before departing for Florida, snubbing Joe Biden's inauguration. The app-only bank's founder said it could follow in the footsteps of Starling which allows you to pay in cash, withdraw and check your balance at the Post Office, Get our money-saving tips and top offers direct to your inbox with the Mirror Money newsletter. £3) at the Post Office with Starling Bank. Lloyds Bank unveils new open banking app feature allowing... TSB shed thousands of current account switchers in aftermath... Another 772 bank branches bite the dust in 2018 as more... Is your local Santander closing down? Published: 12:46 GMT, 6 February 2019 | Updated: 12:48 GMT, 6 February 2019, Monzo CEO Tom Blomfield told MPs the start-up bank was in talks with the Post Office. Pop a stamp on your envelope and post your cheque to: Monzo, PO Box 77625, London, EC2P 2SU We'll send you an app notification when we start processing your cheque. Monzo . Customers must switch through CASS, deposit £500 in each of the first two months and make 10 debit card purchases over that time. Use a cheque-cashing service. Balance enquiries and withdrawals and require a current Debit Card and PIN number. There is no cost if you pay £1,500 each month, otherwise a £3 fee applies. We do not write articles to promote products. If you pay in a cheque on Monday before the Post Office cut off time, we will usually receive it by Wednesday and credit your account.The cheque value should appear on your account by close of business Thursday (with Wednesday's date), and your funds will be available to withdraw. Category Topics; Monzo Chat. Learn more about our banking services at postoffice.co.uk. British marque completes reborn 1920s racer, Renault 5 EV prototype will look like the 1980s rally car, The all new Toyota Mirai 2021 hydrogen fuel cell car, 'UK shares can do well when the world reopens': Tom Becket, Electric cars could reap benefits from new green number plates, Can Scottish Mortgage keep climbing? The Monzo website says it can be three weeks before you see the money in your account. Monzo, which has gained popularity with its 'hot coral' coloured debit cards, raised £20million from customers in a crowdfunding drive last December. The Post Office processed 130million transactions last year for cash withdrawals and deposits. Earn interest. 24-08-2005, 19:42 #4: the_syco. That helps us fund This Is Money, and keep it free to use. Cheques. Digital-only bank Monzo has told MPs it has entered discussions with the Post Office to allow customers to deposit and withdraw cash in its branches. Online banking. Paying cash into your personal or joint account at the Post Office is free. It’ll take 4-6 working days from that point for the money to reach your account. Conservative MP Nicky Morgan, who chairs the committee, raised the concern that banks were relying on the Post Office "taking up the slack" following branch closures. Cheque deposits. In the same committee hearing, the banking director of the Post Office Martin Kearsley told MPs that it was in discussion with UK banks to renegotiate the service it offers them, revealing that banking services are unprofitable. Some links in this article may be affiliate links. 'If you put the entire cost of supporting our cash infrastructure related to the banking agreement that we've got, it is not profitable.'. Join Date: Jun 2001. Smartphone bank Starling partnered with the Post Office in November last year, enabling its customers to deposit cash and cheques at any of the Post Office's 11,500 UK branches. Starling go one step further and allow you to pay in cash at any Post Office. Cheques are free to deposit via the Starling app and they only take two days to clear. Can I withdraw cash from my account at the Post Office? There are many cheque-cashing stores and services that will cash cheques for a percentage of the amount. Smartphone bank Starling partnered with the Post Office in November last year, enabling its customers to deposit cash and cheques at any of the Post Office’s 11,500 UK branches. It would follow in the footsteps of online rival Starling bank which, despite being digital only, already lets customers manage their money at thousands of Post Office branches across the country. By putting the cheque in the post, L&G had done all that was required of it. Monzo introduced Golden Tickets when it had a waiting list to join, so existing customers could help their friends jump the queue. 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