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How Money Works

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How Money Works
Savings Account Guides
8 April 2020

Tax free savings allowance - what is yours and where to find it

Your tax free savings allowance, also known as a Personal Savings Allowance, is a way for most people to earn interest from savings without paying tax!

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How Money Works
Current Account Guides
15 September 2020

How do I know when I opened my bank account?

At some point your bank might ask when you opened your bank account. Here's how to find out!

debit card
How Money Works
Current Account Guides
16 September 2020

How long does a bank transfer take?

Bank transfers are usually fast and easy, however there are a few instances when they can take longer to go through. 

Bank statements
How Money Works
Current Account Guides
22 September 2020

How long should you keep bank statements?

Keeping hold of your bank statements can be useful when applying for a mortgage, a loan, or when filing your tax return. Find out how long you should keep yours ✅

How much can you withdraw from an ATM?
How Money Works
Current Account Guides
27 November 2023

How much can you withdraw from an ATM?

The daily amount that you can withdraw from an ATM depends on what bank you're with and the type of account you have.

No Spend September Save-the-Date-Challenge-OG
How Money Works
30 August 2019

Take the 'No Spendtember' Challenge and cut out spending on things you don't really need

It's a full 30 days where your goal is to stop spending on things you don't really need.

Running out of money tweet
How Money Works
22 August 2019

What's the first thing you spend on when you get paid? We asked and you answered.

Some of you said bills, some of you said savings. A lot of you said drinks...

All the reasons you should get Monzo as an international student
How Money Works
16 August 2019

All the reasons you should get Monzo as an international student

Firstly, you can open a bank account before you even arrive!

Regular Saving Pots
How Money Works
Savings Account Guides
27 November 2019

What is a regular savings account?

With a regular savings account you commit to paying a set amount every month whilst getting a higher interest rate than you'd get with a current account.

How Money Works
1 August 2019

How to avoid paying more when you get out cash on holiday

When you’re abroad, don’t let a shop or ATM do the currency conversion for you!

August-No-Spend-OG
How Money Works
1 August 2019

What is the August No Spend Challenge and how can you start it?

The goal of the challenge is to rein in spending on things you don’t really need this August.

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How Money Works
29 July 2019

How to reclaim mis-sold PPI for free

The deadline to claim compensation is 29th August 2019. If you borrowed money in the nineties and noughties, consider making a claim.

How Money Works
23 July 2019

What is a Fixed Term Savings Pot?

We’ve just launched a 3 month Fixed Savings Pot, with a market-leading interest rate of 1.35% (AER, variable).

No Spend November
How Money Works
4 November 2019

What is the No-Spend November challenge and how can you start it?

The goal of the challenge is to rein in how much money you are spending on things you don’t really need in November.

Going out
How Money Works
1 July 2019

How much are you spending on going out?

We're spending over £70 on a night out on average, almost a fifth more than last year.