Monzo makes major change affecting millions of customers

Monzo customers can cancel bank transfers if they quickly spot an error

Customers will have a window of seconds to stop a payment going out, if they realise they have made a mistake. Monzo customers will have the ability to cancel a bank transfer if they realise within seconds that they have made a mistake. The new feature gives customers a 10- to 60-second window, allowing them to cancel a payment if they realise they have made an error, such as sending the wrong amount or selecting an incorrect recipient. It could…

Monzo makes major change affecting millions of customers

The bank has introduced an "undo" button for payments, giving customers a window of time to cancel a payment if they realise they have made an error

Monzo adds undo option for bank transfers

Monzo has started rolling out a new feature that allows users to cancel a bank transfer shortly after initiating it.

Monzo Introduces Innovative Tool for Undoing Payments | Fintech InShorts: Latest fintech news, analysis by experts

A New Feature Empowering Users to Manage Their Finances with Ease Highlights: Monzo’s new tool allows users to conveniently reverse recent payments. The feature aims to enhance user experience and improve financial management. This innovation positions Monzo as a leading player in the competitive mobile banking sector. Monzo has unveiled a new tool that enables customers to reverse payments, enhancing the flexibility and control users have over…