Monzo is not closing all customers’ accounts

Monzo is not closing all customers’ accounts

A Facebook post which wrongly claimed that the online bank Monzo was closing all its customers’ accounts was shared over 1,500 times before being deleted.

The post said: “Everyone thst is using monzo bank get your money out your account cos there closing every ones account down and keeping everyone’s money !!! It’s just happend to 2 of my mates and now they have no money so go get it out quickly!!!!! [sic]”

It’s not true that Monzo is closing all its bank accounts down.

A spokesperson for Monzo told Full Fact: “This is categorically untrue. We’re a regulated UK bank and we’re operating as usual.”The post was deleted late in the afternoon of Thursday 11 May, after receiving hundreds of shares earlier that day.

In addition to the two friends mentioned…


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