Industry WIKI

Debanking (sometimes spelled de-banking, and also known within the banking industry as de-risking) is the closure of people's or organizations' bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank.

Monzo Bank Limited, trading as Monzo (), is a British online bank based in London, England. Monzo launched as part of a number of app-based challenger banks entering the UK market.