8 reasons not to open a Monzo account

Of course there’s plenty of reasons why you shouldn’t open a Monzo account, there’s also plenty of reasons why you shouldn’t open a Starling, Revolut, Metro, Nationwide, whatever account but there are a lot of reasons why you should open a Monzo account etc. Swings and roundabouts.

Not everything is for everyone, simple. Good on Monzo for the half-jokey article!


For the record I found this article pretty amusing, initially, but decided Monzo could’ve taken the opportunity to dispel some myths along the way.

I quite like these dire SEO click bait articles – they make me chuckle at what some people type into Google.

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A non story, Of course by even bothering to reply I have added to this crap! Move on.

Geez, people are mean! Lighten up guys, it’s a fun post!

Good job @Roxy, I enjoyed it.


They’re not risking it - this post is purely for SEO so people considering Monzo and searching online will find Monzo’s own article with non-issues about Monzo. It’s a marketing trick, not a joke. It’s not a bit of fun either to be light hearted; it’s all on purpose.

They’re of course not going to include any actually really negative points or shortcomings of Monzo.

I think this is really disappointing and not at all transparent - nothing is mentioned about issues people could actually face using Monzo like card acceptance isn’t perfect, international payments etc.

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Yeah I think everyone or a decent majority here in the forum knows these are for SEO purposes. It seems with every post we get but these are for SEO in every response from people but we all know don’t we? :man_shrugging:
The light-hearted ol blimey is due to the fact that there is of course many legit reasons and asking for it to be hijacked (you’ll already see my reasons not to when searched). What would be good now is a part 2 more serious we know these issues exist and this what we plan to do (or not do) to help make Monzo even better, Neil suggested combining with roadmaps which would be good to highlight what’s in the :soon: pipeline.


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Genuine question, are cheques still in use?

Haha you’ll start a war again asking that :stuck_out_tongue:

In summary: Cheques are in decline but some still see a need for them.

Read the full (sometimes heated) discussion in the below topic :laughing:


well just checked my cheque book and the last one I wrote was in 2017

Indeed it’s taken you a while to work through that chequebook; the bank which issued it ceased to exist in 2013 :joy:


Oh dear, hope I haven’t started anything! :zipper_mouth_face:

Yes, of course! HMRC sent me one the other day (without giving me the option to receive it by bank transfer).

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There are a few reasons as already mentioned by other users.

However, main thing for me is Monzo doesn’t really offer anything huge for my personal circumstances. The only reason I use it is the app is easy to use for transfers

All the budgeting stuff in my honest opinion is a gimmick. Don’t understand why people need an app to budget? It’s easy enough to track using a bit of brain. I spend on credit cards, not debit cards for rewards. Monzo doesn’t offer any rewards for spending the same amount instead discourages it.

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@NeilM even though u raise some valid points, I think your response is a bit too harsh, as a monzo user, it has been a great experience for me so far, saving me tons of time and effort. Of course this depends on each persons needs. In any case, I think they are definitely innovating in the banking sector, making life easier for many, and it is worth giving them time as they develop there product, which is not perfect, but as everything needs time to perfect. But I commend them for their efforts and great work and I think u just not be the right target audience for their product, but that doesn’t mean it is a shitty one.

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For full disclosure, I am both an investor and a full time user of Monzo (Its my main account).
My main point of why I was critical of the article is the “memey” nature is pointless.
Its better to produce an article that is fully informative and admits its flaws as there are many and people only stumble upon them once they have an account and then complain(on here or otherwise)
My other point is that Monzo could have used an article like that to also explain their internal strategy going forward to an external audience. Thus being informative but also generating hype for future products and also providing accountability(For example reordering pots coming in the future)
Lastly, If I remember rightly Monzo was going through a rough patch at the time(PR wise) so I personally thought it added fuel to the fire.