Not for retail/consumer banking. they’ve only moved into that in about the last 6 years. They are still predominantly an investment bank.
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They’re an investment bank, so they mostly deal with large international corporations, governments, billionaires… But they have this Marcus thing now, too. They’re kind of the quintessential investment bank though. Take a look at how many of their alumni go on to senior positions everywhere. So it’s like the most prestigious bank to get a job at as a graduate, by some measures at least.
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Why do you care? What does it give you that Monzo wouldn’t?
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And it seems that it is very popular with users.
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Any more not-update updates in your opinion? 
Pray tell 
Debates about housing never seem to go well. But don’t worry, I’m done. I won’t derail it anymore 
.
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iUP is 20 months… finance is 24 months.
If you keep the phone for the same 2 year period there is no cost difference
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Does anyone think it will come to the UK
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I’m not holding my breath…
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Me neither, the US gets all the good stuff
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I’m with @N26throwaway on this
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Great album title.
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The FCA appears to be the other.
I still genuinely don’t understand the hype. The financial benefits wouldn’t apply over here with our capped interchanges. It would have to offer something REALLY special for widespread appeal over here. Integrating into Apple Pay won’t cut it when other cards have much better deals.
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It’s Apple.
A lot of people won’t care about the financials benefits given the wider brand image and that will be what they’re hoping on.
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This article explains (linked from this forum somewhere or another in the past)
Nice metal card though 
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Here’s where I think Monzo could be innovative and stimulate the market.
They don’t release a credit card. Instead they release a set of deep APIs for credit cards that let them appear in the Monzo app natively.
What does that mean?
- Instant notifications
- Pending payments treated the same as Monzo one
- Parity with Monzo current account features (notes, receipts etc)
- Native support (chat or phone link) in the app
- Ability to Flex transactions
- Easy opening using existing Monzo KYC
- Allow as many providers to come on board as possible. No exclusivity.
What’s the play?
- Monzo kick starts banking as a service / financial unbundling.
- Network effects bringing others to the Monzo app
- Potential for fees/commission later once the concept has been proven.
- Monzo incentivised to improve the customer experience and “own” the customer, whilst leaning into the marketplace model.
What’s not to like?
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Congrats, you’ve successfully argued against app stores!
More seriously, it’s a paradigm shift. First mover advantage requires investment but could redefine and own the market.
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