Monobank has announced a new service for wealth accumulation


The new service will allow you to save money alone and for specific purposes in the pool

Monobank has announced a new service for wealth accumulation. Photo:

Monobank co-founder Oleg Gorokhovsky announced the launch of a new service – a service for the bank’s wealth accumulation. The entrepreneur made this announcement in his Telegram channel.

As Gorokhovsky said, Monobank to Bank Services will allow:

  1. Set small and large amounts with a hint of purpose. As an indication of the target, you can add its image
  2. Use multiple opportunities for accumulation (“rules”): balance and expenses, percentage of expenses, regular payments
  3. Save money in different currencies and refill it with any card – hryvnia and currency
  4. Save independently or with the participation of friends. “Invited friends can also set up accumulation rules in your bank and see its contents in their statements,” the entrepreneur said. They can be refilled by a link you send to a friend.

According to Gorokhovsky, the bank will make it convenient to raise funds for collective needs. At the moment, the service is available in beta for Android owners.

In functionality, the bank’s service is similar to the British Monzo Nobank’s “pot” (“pot”, “bank” English – PaySpace magazine) service, with which you can save money by creating multiple “banks” simultaneously.

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We previously wrote that the founders of Monobank created a site called Quarantine Index. The resource is designed to track which government measures encourage Ukrainians to stay home and respect self-isolation, and which do not. The site is based on analysis of card transactions.

Read: Oleg Gorkowski, co-founder of Monobank: We are not going to rest on our laurels


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