Yes, Sutton bank
Isnāt Sutton Bank in Yorkshire?
Why does it say they dont charge for overdraft fees
Might not charge for overdraft in the US
Oh overdraft being free is very interesting
Will UK end up subsidising US benefits?
Fee != interest?
No loans, and possibly no overdraft fees - so not much profitability to had as of right now (albeit the US is a gold-mine for ATM fees) so I doubt the UK will subsidise (especially seeing as Monzo arenāt even profitable yet).
I would suggest if they said no overdraft fees then they intend to offer overdraft
Though I guess technical they could say there are no overdraft fees if they never offer them but that would be a little cheeky
Meant no overdraft fees*
What happened to IBAN/SWIFT?
Wouldnāt it be a thing if Monzo floored Simple in the US, after the āSafe-to-Spendā debacleā¦
I like the thinking; āItās OK to have a pop at us regarding a phrase and weāll back down. Then weāll invade your market place and take your businessā. Admirable.
Right, thatās one thing sorted.
So when do we find out the rest of the announcements?
Will we get referral for US sign-ups? Hope so .
Being acquired by Amazon/ Google/ Apple for 10 billion of your Earth pounds?
If itās just expansion into the US then itās very anticlimactic
Still baffles me that we hear from all the news outlets first before our own bank tells us too
The blog came out at the same time as the media. Earlier there were a few ārumoured to be announcing later todayā stories with no real info.
Not sure what you expected, the tweet was about big news for Monzo and the US launch is huge for Monzo as a business