Signed up a few weeks ago - got my card yesterday - love it…
A few ideas… Hmmm?
In my current role as Director of Operations for my weekly 5-side-football crew I’m always the one covered in sweat, unrolling soggy £5 notes and counting change to cobble enough to pay for the court at the end of the game…
Sometimes I even need to pay extra if someone has “forgot” to lift their wallet…
So how about setting up a Club Account - anyone who is playing can transfer their money over to an account which is held under dual control then we use this to pay at the end.
If we need to buy things for the group, new equipment etc, one of the account holders can do this solely after one of the other members agree’s to the purchase through a Monzo app prompt.
You could scale this up to charity/trustee accounts - any accounts that need dual authorizations to complete transactions. Bringing these type of accounts into 21st century!
Integration of Loyalty Cards - As Monzo knows where your using your card, how smart would it be if it was to automatically add loyalty points to the shop your in? For example if I purchased something in Boots and you had a Boots advantage card - by paying with Monzo it would automatically add the points without having to actually present your advantage card/clubcard Same applies for Tesco, Costa etc. It would just take a bit if time logging all your loyalty cards onto Monzo at the start then that’s it.
Probably involve buy in from the all the major players - don’t see a disadvantage from their point of view though. It would also be good to be able to see current balances of all your points too.
Having a key-ring fob that does the same and holds the same info as the bank card…
So instead of taking your wallet out - if your buying petrol, you would have a Monzo Fob on your key ring that you would just hand over at the counter for the staff member to scan - similar to the ones Tesco produce for their clubcards.
Monzo accounts with cards for kids controlled by the parents? Safe way of getting children used to banking, money, budgeting all safe with the knowledge the parents need to authorize transactions - could even set up ‘pocket money payments’ or ‘maximum daily spend budgets’ if their going out,
Apologies if I’ve repeated anything that’s been mentioned before. Total neeub to this but I’m enjoying myself! Yeehaa!