The recent development of digital technologies has led to significant changes in all sectors of the economy, including the typically conservative financial sphere. Modern people no longer want to gather piles of papers, copies of documents, and income statements to use banking products. Innovative solutions are needed, such as mobile banking. Monobank has become a leader in innovation in our country by being the first branchless bank.
Monobank – History and Features
Today, Monobank can confidently be called a leader among mobile financial services in Ukraine. But in 2017, its founders took a significant risk by starting a branchless bank project. It was a real challenge to the banking sector – service without branches, without thousands of cashiers and managers, without piles of papers, without long waits. But this risk paid off ultimately.
In just one year of operation, it gained over 300,000 Ukrainian clients, and by the end of the second year, the number had almost doubled to over 600,000 users. In 2020, Monobank had over a million active clients.
A bold approach to technology, a convenient app design, and creative advertising with “cats” helped achieve such success. A simple card acquisition in the Monobank process helps attract new clients quickly, and quality service encourages them to stay with the bank for a long time.
How to Get a Monobank Card
The main feature of Monobank is the absence of physical branches. This often raises the question of where to open an account and get a card. To open an account, you need to install the bank’s app on your phone and follow all the necessary steps, following the prompts provided.
To obtain a physical card from Monobank, there are several options:
- Get it at Universal Bank or partner establishments such as “Samsung,” “Vodafone,” and “Lifecell”.
- Order delivery via “Nova Poshta”.
- Purchase it at a store, such as the popular “ATB” or “Foxtrot,” and later activate it.
Monobank App – Login, Registration
No matter which way you choose to get the card, you’ll need to install the Monobank app on your smartphone. To do this, visit Google Play for Android or the App Store for iOS, find the app, and install it. After that, you’ll need to confirm your phone number and complete the registration process.
Monobank is a leader in quick registration. Experts claim that it can be completed in just two minutes. Of course, for a regular user who has just gained access to the new app, it might not be that fast. But you can definitely manage it within half an hour. All you need is your passport, identification code, and good lighting for the photo. If you have the “Diya” app with all the documents on your smartphone, you can even skip this step.
After logging in and confirming your phone number, the Monobank app will ask for documents and offer several options:
- Documents from Diya (Ukrainian state services online);
- Old-style passport;
- Plastic ID card;
- Foreign passport;
- No documents (for children under 14), registration with parental assistance.
All options except the first one require sending scanned or photographed documents. You can take a photo directly in the app, use your smartphone’s camera, or use scanning apps like Google Docs.
Another stage is taking your photo. According to numerous reviews, taking a good selfie in the Monobank app is complex. Here’s a short instruction:
- Arrange good lighting – special lighting, a bright lamp on your face, etc.
- Make sure your face fits inside the oval on the screen.
- Follow the app’s prompts to stay still and blink.
You can take several photos but don’t expect them to all turn out well. The goal is biometric face recognition.
During registration, you must also answer questions about your employment and income. This helps determine the correct credit limit, which you can change after registration.
After registration, you can choose where it’s most convenient to receive the plastic card.
Activating a Monobank Card Purchased in a Store
There’s an incredibly simple way to get a Monobank card — buy it at the checkout of your nearest supermarket for 50 UAH. After that, open the package and scan the QR code inside. The link will lead you to the bank’s app, which you must install. The registration process is no different from the one described. After completing it, your account will show the 50 UAH spent on the purchase.
Conclusions
First and foremost, Monobank is very convenient. It’s the only bank that allows you to open an account without leaving your home. You can buy the card at a supermarket or electronics store or order delivery to the nearest post office. Despite its unmatched ease and fun cat-themed approach, Monobank remains a severe financial organization, guaranteeing the security of your deposits and transfers.
Also read our article – Crypto Arbitrage: What Is It and How It Works?
FAQs about Monobank Card Activation
The Monobank card will remain inactive. If the registration process isn’t completed, it can be finished later.
It’s not necessary. But if you start registration without scanning, the app will offer to pick up the card at a designated point. To activate the purchased card, you must scan the QR code at the end of the registration.
Yes, you can. Today, Monobank delivers cards to European countries within 5-14 days, and to Poland much faster, within 3 days.
Yes, you can use the Monobank card in all countries that support the card’s currency. For Europe, you need a euro account.
Yes, you can use Monobank without a physical card. All you need is a banking app and a smartphone with NFC support.
