Accepting easy bank transfers from a payment link
What is an easy bank transfer?
An easy bank transfer is a connection to other UK banks that makes it easy for your customers to pay from an invoice or payment link, that's powered by 'Open Banking technology'.
All your customers have to do is tap on a button in an invoice or payment link, which will take them to their bank's website or app to approve the payment. There, they'll see all your correct details pre-filled (the amount you've requested and your Monzo Business account details) – so there's no need for them to manually type in anything.
If we don't support your customer's bank yet, they can make a manual bank transfer with your Monzo Business account details.
How long does it take for money to arrive in my bank account when my customers pay by easy bank transfer?
If you get paid by easy bank transfer, the money should arrive straight away, but can take up to 24 hours. That's the same as if they pay by manual bank transfer. Easy bank transfers are powered by the Faster Payments Scheme.
