MONZO BANK LIMITED
Financial Ombudsman decision DRN-5738086 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Tue Jan 13deadline to accept (not the decision date)
The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.
What this decision was about
In the Ombudsman’s words
Mr E complains that Monzo Bank Ltd (“Monzo”) irresponsibly provided him with an overdraft and increased his limits when he was already struggling financially.Irresponsible lending
Rules cited
Consumer Credit Act 1974, FCA CONC (Consumer Credit sourcebook)
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5738086.pdf on financial-ombudsman.org.uk.
The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.