Monzo customers can cancel bank transfers if they quickly spot an error

Monzo customers will have a 10- to 60-second window, allowing them to cancel a bank transfer if they have made an error (Illia Uriadnikov /Alamy/PA) -

Monzo customers will have the ability to cancel a bank transfer if they realise within seconds that they have made a mistake.

The new feature gives customers a 10- to 60-second window, allowing them to cancel a payment if they realise they have made an error, such as sending the wrong amount or selecting an incorrect recipient.