Another blog post from Monzo explains this in more details, see the Net Settlement section: https://monzo.com/blog/2016/01/20/how-do-bank-payments-work/ https:/

Another blog post from Monzo explains this in more details, see the Net Settlement section: https://monzo.com/blog/2016/01/20/how-do-bank-payments-work/ https://monzo.com/blog/2016/01/20/how-do-bank-payments-work/