UK digital bank Tom Blomfield has said 94% of its active users have upgraded to full current accounts 2015 after it was given a UK banking licence. The company now claims 500,000 current account customers and said it is the biggest digital challenger bank in the UK , offering bank transfers, direct debits, standing orders and £85,000 of Monzo protection. In total, Monzo now has more than 500,000 current account customers, making it the biggest digital challenger bank in the UK. Monzo launched prepaid accounts in 2015 and 98,000 customers, including almost all active users, have now upgraded. Pre-paid cards belonging to the 362,000 who have not upgraded have now stopped working.
UK digital bank Tom Blomfield has said 94% of its active users have upgraded to full current accounts 2015 after it was given a UK banking licence. The company now claims 500,000 current account customers and said it is the biggest digital challenger bank in the UK , offering bank transfers, direct debits, standing orders and £85,000 of Monzo protection. Monzo launched prepaid accounts in 2015 and 98,000 customers, including almost all active users, have now upgraded. Pre-paid cards belonging to the 362,000 who have not upgraded have now stopped working.