Monzo Payments

Transactions

100

£250,000 limit

What is the faster payment limit?

200

sent to a user immediately after a transaction

What is a feed item?

300

Both of these are needed to complete a faster payment

What is a Sort code and account number

400

making an online payment to TMOBILE

What is Direct Debit?

500

1. Authorisation 


2. MasterCard auth hold


3. Notification and feed item 

4. 
Authorisation code 

What is an Authorisation Sandwich?

Acronyms

100

FP stands for...

What is Faster Payments?

200

CPR stands for...

What is credit payment recovery?

300

CASS stands for...

What is Current Account Switching Service?

400

BACS stands for ...

What is Banker's Automated Clearing Service

500

FPS stands for ...

Faster Payment Schemes

Types of Card Payments

100

allows you to tap card to pay when under £30

What is contactless?

200

Inserting card to be read and entering pin when over £30

What is Chip and Pin?

300

Uncommon in the UK but can be temporarily turned on to use

What is Mag Stripe?

400

add a card from a participating bank and you're ready to pay using your phone

What is Google Pay?

500

electronic payment card used for processing transactions

What is Mastercard?

Types of Payment?

100

Sending money to another UK bank account within seconds.

What is Faster Payments?

200

Pay regular bills i.e. phone contract, rent, and utilities.

What is Direct Debit?

300

setting up regular payments for the same amount every month

What is a standing order?

BONUS

100

the amount of time it takes for a bank transfer to complete

What is 3 working days?

200

6 digits that are the same every time 

What is 040004 (sort code) ?