Monese adds innovative new money management feature

Monese, the banking service that gives people the financial freedom to thrive anywhere, today adds Monese Pots, in Pounds and Euros, to its ever-growing range of money management features.

Monese Pots do not offer interest, but they are a place where you can safely keep your savings separate from your day-to-day spending. Pots are ideal if you’re saving up for your next trip abroad, the next stage in your life, or you simply want to keep some leftover change aside for a rainy day. Customers across Europe can set up automated, recurring payments to their Monese Pots, making for an even easier way to save for that special something.

Pots are available to all personal account customers across Europe and to all Monese Business customers. Pots do not require a minimum deposit to open, and Monese customers can open a Pot for every personal and business account they have with Monese. For example, if you use Monese in both Pounds and Euros, you can also have a Pot for both currencies.

With the ability to access your savings whenever and wherever you need, Pots are designed around the lives of the internationally mobile Monese customer and those who use Monese as a primary bank account (with over 70% of incoming funds being from salary payments, Monese is a primary account for the majority of its customers). These customers increasingly want greater financial freedom, and more control over their spending and savings, wherever they may be.

Money withdrawn from your Monese Pot goes directly into the Monese account it was created from – providing users easier access to their funds, at the click of a button. Monese users will also be able to see all transactions happening between their Pots and their main accounts, giving them full control of their finances and spending.

Norris Koppel, CEO and Founder of Monese said: “We are constantly listening to the feedback our customers provide and we’re delighted to be adding Pots to our ever-expanding range of money management features. The majority of our customers use Monese as a primary account, so giving these users smart and intelligent features, to freely manage their finances and thrive anywhere is very important. We want our customers to feel even more in control of their money and our Pots are another step in this direction.”

Monese recently announced that 1 million people have signed-up to Monese, with customer growth tripling in 2018, and over 3,000 people now joining Monese every day. Demand for Monese across mainland Europe surpassed that of the UK in November 2018, and in March 2019, two-thirds of all sign-ups to Monese were in mainland Europe. This milestone demonstrates significant momentum, following Monese’s successful $60 million Series B fundraise in September 2018.

Monese now offers Apple Pay across 13 European countries. Customers living in the UK, France, Germany, Belgium, Denmark, Finland, Ireland, Italy, Poland, Spain, Sweden, Norway and Iceland are able to use their Monese cards with Apple Pay, wherever Apple Pay is accepted globally.

Monese fully supports and speaks: English, French, German, Romanian, Polish, Portuguese, Italian, Spanish, Bulgarian, Czech, Lithuanian and Turkish languages.

The company employs over 250 people, and has offices in London, Tallinn, Lisbon and Berlin.

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