Monzo, which has more than 11 million customers, said it is the first UK bank to create a fully automated feature for accounts
Savers will have the chance to join a new 2025 challenge which automatically saves money for them each day, building a cash pot of £700 by the end of the year. Monzo, which has more than 11 million customers, said it is the first UK bank to create a fully automated 1p saving challenge.
The money trick has been advocated by Monzo and money-saving experts, including Martin Lewis, for several years. But the digital bank said that 2025 will be the first year that its customers can participate in a fully automated challenge through their banking app. The bank, which is the seventh largest in the UK, has previously let its customers participate in the challenge but only by downloading a separate app which allows people to set up rules to move money around automatically.
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