You would need a very substantial overdraft for those figures to work @DanRoizer
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At the end of the day Monzo needs to make money so maybe thatās why the overdraft is so expensive? But in any case as long as the pricing is clear and straightforward Iām okay with it 
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Thatās fine but Monzo havenāt said that as far as I know. What they have is that users actually prefer this model
Maybe itās beta but for me (And Iām sure a lot of other users) they are more than good enough and definitely better than any legacy bank Iāve dealt with in the past, so I donāt see whatās wrong with them trying to make money right now.
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Monzo arenāt in beta with the Current Account 
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I answered this 6 posts before you asked. Iāll repost it to save you from going to look:
The whole point is that, when combined with the spending and target features, 
Monzo will be able, quite far in advance, to say to you, āYou have three more direct debits still to come out before your next pay day, and if you continue to spend at the rate youāre going, youāll be in your overdraft for the last five days of the month. This will cost you Ā£2.50.ā
You then have the option to tighten your belt a bit, or click to approve that overdraft (if you donāt already have a limit set up). No one has done this before.
People rarely use the very cheapest option available to them all the time (which is why both Aldi and Waitrose are doing well, and which is why other banks have a whole spectrum of overdraft rates and fees - they donāt compete on overdraft charges).
And, for the record, Monzo becomes cheaper than Starling at around Ā£1300. At that point, Monzo is cheaper than almost every high street bank, apart from First Direct.
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News from 2014 when Barclays introduced flat fees.
Telegraph
In short, it was people who chose not to keep their account in credit, were stuck in overdraft for over half the month, or continually used overdraft monthly that complained the most. These donāt sound like good cases of overdraft to me.
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This is why Monzo are good guys:
Admittedly, I did this on purpose to see what would happen but it still makes me happy. This is Monzo doing what they said theyād do. Trying to stop people going into Overdraft.
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Canāt wait to see this on Android
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Unfortunately I cleared notifications on my Android phone this morning without checking them so I donāt know if I got the notification there or not. Didnāt even think about it. Sorry.
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Has this always been the case? I signed up to the Google Form list ages ago but havenāt heard anything.
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I have also not received an email and think I have been asked to add my email to the form 3 different times since August.
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What type of payment was this? This is what I would like to see for direct debits.
Actually this is an overdraft specific message whereas I do not have one so would be a decline message.
What about if the payment due out is more than the overdraft available. Is the message different?
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Then youāll be delighted to know itās a Direct Debit.
I canāt test that as I donāt have any Direct Debits over Ā£100.
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Now that is awesome news!
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Would it give the same message for a future dated payment?
This is the part I feel let down by Monzo comms as I have asked for info on this scenario many times yet we get the answer from a community member rather than Monzo. 
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For example is this only for accounts with overdrafts or all accounts. Did this come in .24 build. What are the circumstances around how and when (does it take all debits that day into account as one lump sum).
I donāt understand your question.
The DD above is a future payment.
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Sorry I mean you could set up a faster payment for Ā£5k to go out tomorrow or the day after. Do you still get this warning the funds are not there so support that much.
Well I just created a Ā£500 SO and it didnāt warn me. Itās set to try and go out tomorrow. Iāll see what happens.
Okay I have set one up for Saturday for more than my balance. Interestly the app sees a one off future payment as a standing order.
And you cannot future date a Monzo-Monzo payment.