Monzo Introduces Early Student Loan Access
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Monzo Bank has launched a feature called 'Get Paid Early' allowing students to receive their student loans one day earlier.
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To benefit from the service, students must have their student loan paid directly into their Monzo account.
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The feature takes advantage of the Bacs payment system timing, which Monzo can expedite by confirming funds by 4 pm the day before they're due.
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Monzo notes that all banks could technically offer this early access, but most choose not to.
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The post mentions that Monzo may discontinue or change the early payment service at any time.
