Monzo in UK Casinos

The UK is most certainly a country that offers one of the safest online gambling markets in the world; that's why most UK online casinos offer secure local payment methods like the digital bank Monzo. This local payment method has managed to become particularly popular across licensed and safe UK online casinos, as it offers seamless services to UK players. With it, UK players can transact in their local currency, the UK pound, in the most effortless way possible. Add to that the fact that it is easy to get started with and use for both deposits and withdrawals, and there's the payment method you need as a UK online casino player. Therefore, do not hesitate to stay with us to learn more about it. Why choose Monzo as your payment method across safe UK online casinos?

Online Gambling Regulation in the United Kingdom

If you need to name a country that sets the example of how gambling should be regulated and enjoyed by players, the United Kingdom will certainly be your top choice. At least, if you know a little about the history of gambling. As a matter of fact, the country has been offering a legal land-based gambling market since 1928, with King George V's approval. Ever since the UK authorities have been setting ground rules and introducing proper laws when it comes to fully regulating the industry. And while horse racing betting was the most popular vertical in the past, in the modern era, slot machines, and sports betting have taken over. Nevertheless, each year that led to this moment has marked better and stronger regulations, in the UK's attempt to make the gambling scene the safest in the world.

That's why it may come as a surprise for you to learn that when the industry went online, the UK was not among the first to embrace it, even though that was expected of it, given its land-based gambling history. It was not until the country made sure the proper laws and measures had been taken that the UK legalized online gambling, which happened in 2005. The UK Gambling Commission replaced the previous regulator, the Gaming Board of Great Britain, and took on the responsibility of licensing, monitoring, and punishing online casino operators, depending on their actions.

The UK Gambling Commission does not need any extensive introductions; you all have heard of it and you all know that it is one of the toughest regulators in the history of online gambling. An online casino site that holds a license from the UKGC is a site you can join without a worry on your mind. That's because operators are under surveillance non-stop and cannot make a slight wrong move without being noticed by the UKGC, and without being punished by it, if we may add. Not only that, but the regulator continues conducting studios on the changing online gambling landscape and continues changing regulations in the UK to make the market better and safer for all UK players across licensed UK online casino sites.

In its efforts to make online gambling fair and safe, the regulator has been introducing new laws, implementing new measures, and amending current laws, as well as imposing new restrictions, whenever studies showed that it was necessary. The UKGC even forbade the use of credit cards for online gambling transactions, and set limits on slots and restrictions on gambling online via smartphones, all with one goal: to prevent gambling harm among UK players.

Therefore, as a UK player, if you decide to join a UKGC-licensed online casino, you can rest assured that your online gambling experience will be completely enjoyable, backed up by one of the strictest regulators out there. No matter the site you're eyeing, as long as it holds a UKGC license, you can join it, knowing that all your sensitive details will be safe and your experience will be fair. The regulator ensures that licensed UK online casinos offer secure payment methods, too, so that your online gambling experience is as seamless as it gets.

That’s why many UK online casinos offer the local digital bank Monzo for deposits and withdrawals. This is one of the country’s most secure payment solutions, one that works perfectly for online gambling transactions, no matter if the player has or doesn’t have a bank account. It is an ideal method to use for online casino deposits and withdrawals in the local currency, the UK pound, therefore, as a UK player, please continue reading to find out more about it.

Using Monzo Across UK Online Casinos

A company based in London, the UK, called Monzo Bank Limited, set out on a mission to create a digital bank with users' help, for the users. It started accepting their letters of opinions, insights, and feedback, to perfect the solution as soon as it launched it in 2015. With that, actual users could suggest the way the solution should work to provide them with the most effortless online banking. That’s one of the main reasons why Monzo was so warmly accepted and embraced by over 10 million UK citizens, who are using it for all kinds of banking matters on a daily basis.

Making banking way better for all UK citizens, and giving them control over their banking experience, the solution continues cherishing their suggestions and continues unveiling new products to help them tailor their banking to their needs. At the same time, it continues introducing industry-first security tools to keep their money safe from fraudsters. Add to that the fact that it is regulated by the UK’s Financial Conduct Authority and authorized by the Prudential Regulation Authority, and you have the safest payment method to use for all your online transactions, including online casino deposits and withdrawals.

On that note, to start using it across the top UK online casinos, you will need to go through a few simple steps. As long as you’re a UK resident aged 16 or older, and you have a UK passport or driver’s license, you can proceed to register an account with it. Head over to the Apple App/Google Play Store and download its app first, or simply proceed by visiting its official website to press the Sign Up button. Either way, all you have to do is enter your email address and submit your registration request. With that, your account is ready, and you can log into it with your email anytime you want to use the solution.

To fund the account, you can use your salary, bank transfer, cheques, and cash, even, if it isn't a great bother for you to head over to any Post Office or PayPoint across the UK. You will also get a card linked to your account, which works like any credit/debit card, for you to use to make all kinds of offline and online payments and purchases with. On that note, we should mention the services you can use with this solution. Not only can you pay anywhere, even abroad in different currencies, but also split bills, earn cashback, get paid early, save money, loan money, and travel fee-free, among other options, just like you would do via a standard bank account.

So, if already convinced that you’d want to give it a try, stay with us to learn how to use it across the many licensed UK online casinos that accept it as a payment method.

Depositing and Withdrawing with Monzo

The reasons why so many safe UK online casinos are offering Monzo are abundant. With it, your deposits and withdrawals will be safe, easy, and quick, plus you'll get so many other perks for deciding to use it. That's why getting started with it is such a great idea. Assuming you have created your digital bank account and now you want to give it a try at an online casino, here's what you need to do.

First, make sure you choose a nice, UKGC-licensed online casino that accepts it. Then, proceed by creating a player account with that particular casino. From here, to make a deposit with Monzo, do the following:

1. Find the Banking page on your player account.
2. Enter it and locate the Deposits section.
3. Choose Monzo as your payment method.
4. A new window containing the casino’s bank account number will appear; copy the number.
5. Enter your Monzo account, and press Payments.
6. Tap Pay and then Pay by bank transfer.
7. Specify how much you want to deposit and paste the casino’s bank account number.
8. Confirm the transfer and watch the funds arriving on your balance instantly.

The solution works the other way around, so you can safely use it for withdrawals, too. You will need to go through similar steps, of course, this time entering your banking details where needed.

So, enter the Banking page and head over to the Withdrawals section. In the new window, enter your banking details, and if the transaction is cross-border because the casino you joined is not based in the UK, you will need your IBNA and SWIFT codes, too, as you will be requesting a SWIFT transfer. Enter the needed banking details and set the amount you wish to withdraw. If the transfer is local, it will be processed within 2 hours after the casino operator approves the request, but if international, it will take a few days.

Conclusion

UK online casino players have many local options at their disposal, to use for effortless deposits and withdrawals, but Monzo is one of their top choices. That's thanks to the fact that it is easy to get started with and use. It is offered across leading UK online casinos, and with it, you can make safe and effortless online gambling transactions. Without further ado, therefore, do not wait any longer and give it a go the first chance you get.