More than a million people in the UK do not have access to bank accounts for whatever reason. MoneyMona has tried to fill this void by offering an e-current account with all the mainstream tools.
There's a tragic problem in the UK with banking exclusion. If you're one of the million people who can't get a regular bank account, it's a nightmare. Yet there is a solution called a 'basic bank account'. This product is designed for those with poor credit scores.
The Moneymona Account and Visa Debit Card is an electronic money product issued by Contis Financial Services Ltd who is authorised by the Financial Conduct Authority to issue e-money (Firm Reference Number 900025). Although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. We ensure that any funds received by you are held in a segregated account so that in the unlikely event that Contis Financial Services Ltd becomes insolvent your funds will be protected against claims made by creditors.