I have gone all in on the CA - I’ve moved over all my Direct Debits, Salary and use it for all of my day to day spending. Only time I use my legacy account (with Lloyds) is paying in cash/cheques, and the PrePaid card is only used when people use monzo.me payments.
Be awesome to know what timings are in monzo speeak
Very Very Soon
Did I miss any?
Distant near future ?
Very very soon = we’re using it internally, it should be in the App Store/Play Store last week of October
Yes — it’ll only come in the app stores version
I’ve never used it either I don’t think
Here’s your opportunity
I’ve never used it either but I would prefer to be the recipient
I use the CA in the same way as the prepaid card and it occurs to me all of the analytics are basically worthless to me because of that - my spends are my spends and It is there to be blown.
At the moment because there are no real incentives and it still seems a bit buggy, I don’t plan to use it as my main current account and I’m not seen anything at present that would make me switch.
Out of interest which bugs have you found? I haven’t personally found any and I use it as my main current account!
I got debited twice for cash from an ATM - a day apart but the same transaction. They refunded me quickly and said it was a problem on their side. Even if it wasn’t buggy, there isn’t any financial incentive to switch.
That’s somewhat debatable
Whilst I completely agree in some aspects, I can’t say it’s all true First and foremost, there’s no interest being gained on your balance and there’s no “£100 for signing up” bonus… Which other banks certainly do offer!
But with Monzo’s future vision of banking, there’s a lot of financial incentive on the table.
Analysing your spending and offering cheaper alternatives:
IMO, all of these things (and I’m sure many more which we’ve not even heard about yet) will (and do) play into the immense service that Monzo offer
Sure but that’s an argument to the future - when they arrive I’ll be happy to consider them and I might change my mind…
I understand the ‘no financial incentive to swtich’, but buggy? I’ve yet to find bugs.
The financial incentive to switch is quite interesting.
I’m finding a similar effect to when I start watching my electricity usage… because I was able to monitor it I changed my behaviour without really being aware of it. Being constantly aware of my balance means I haven’t been spending the same things, but I’m just not aware of actually changing my behaviour at all… so my wages are due in a few days and I have… HOW MUCH?? left? Beers for everyone!
I have the complete opposite!
I agree with this, I am so much more aware of the money I have and the money I have spent using Monzo, and thats not changed migrating to the CA.
I will get paid into it Wednesday next week (hopefully) and then see if I can manage it without pots / separating …
I like that my payment on my credit card shows up quicker than going from my Santander CA… and its a Santander CC
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