I got the message (like I assume most people) about the changes to fees. Monzo says the new fees are to encourage people to use Monzo ‘more like a bank’. Thing is, for a freelancer like me, it does the exact opposite. I don’t get paid regularly, but when I invoice, which isn’t always more frequent than every 35 days throughout the year. If I were to use Monzo as my main bank, and get invoices paid into there, I’d lose the perks of ‘using it like a bank’. If, instead, I get invoices paid into another bank, and regularly move £500+ per month into my Monzo account, I keep those privileges.
I’m not saying Monzo doesn’t need to make money, or even complaining about the allowances per se, but it does seem to me to achieve the exact opposite what they want - people using Monzo as their main bank!