Actual CA Users

[anon43022926]

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.

[anon93718513]

@RobertRoberts

still seems a bit buggy,

Out of interest which bugs have you found? I haven’t personally found any and I use it as my main current account!

[anon43022926]

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.

[nexusmaniac (Marcus, Backend Engineer 🛠️)]

@RobertRoberts

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:
https://monzo.com/blog/2017/09/21/testing-energy-partnerships/

Spending Targets:

Targets

Hi there, First of all apologies for not sharing too much design stuff lately. We’ve been focused working on ways to optimise user on-boarding: the period that goes from the day you sign up to the waiting list to the magic moment when you get to love Mondo and use it for all your daily spending. So, as you are all already Mondo-lovers all that work doesn’t really matter to you Let’s try to compensate our radio silence with a meaty and very very wordy sneak peek. This is an update that i…

Spending Breakdown:

Breakdown

Hi everybody, As promised (sorry for making you wait), here are a few screenshots to share with you some of the good stuff that we’re planing for the upcoming Monzo current accounts. So, here it is, the freshly-updated and smarter-than-ever Spending tab. [image] First thing you’ll notice is that we are playing with the idea of renaming this tab, maybe “Breakdown” or “Analysis”. In essence we want to reflect the fact that Monzo is not just a spending card but a full bank account that will als…

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

[anon43022926]

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…

[anon70107404]

@RobertRoberts

Even if it wasn’t buggy, there isn’t any financial incentive to switch.

I understand the ‘no financial incentive to swtich’, but buggy? I’ve yet to find bugs.

[TonyHoyle]

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!

[anon93718513]

@TonyHoyle

so my wages are due in a few days and I have… HOW MUCH?? left? Beers for everyone!

I have the complete opposite!

[anon52884506]

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