Interested in them launching a bank here.
Not expectant of what I would consider a good app.
Yes individual features are important. But for me it is the fact that the Monzo app feels like a good, modern app.
Imo, it’s a similar level of polish to Dark Sky, Citymapper, Fantastical etc. And I am fairly certain Chase (lol) aren’t about to do that.
Will be excited to see this but in my experience big banks have a tendency overpromise and under deliver when it comes to tech. If it’s great I will definitely sign up.
Chase/JPM must surely be aiming very high with their app.
If they’re not, I really don’t know why they’d bother tackling the UK market.
If you dont have a good banking app and your card doesnt look fancy you dont have room in the UK Banking Market 
Pretty much. If they don’t achieve that, they’re in the same bracket as HSBC, TSB, Lloyds, Halifax, Barclays, NatWest, Santander, etc. That bracket is pretty saturated, and customers tend not to switch banks that often, so I don’t see how Chase would make any progress.
I do, i reckon they are going to come in with a “decent app” and a “standard debit card” but the rates are going to be an eye opener. I think one thing that Chase are going to struggle with is being Digital Only.
There are lots of people that want branches and dont want digital only, and most of these customers are the ones that will benefit from a Bank like JPM/Chase
Sure. But aiming and achieving are v different things.
Virgin / B money / all these oldies coming in thinking they have an amazing app and just showing their complete lack of understanding.
Can’t see this as a threat to Monzo. I’d be a bit more worried if I was Starling.
Someone above talked about JP Morgan worrying Monzo if they have a good app and budgeting - that is table stakes at this point and can’t see anyone other than FinTech enthusiasts getting worked up about that. Good enough is fine for 95% of customers.
I suspect they’ll follow the Marcus playbook with a good savings account as a hook. They’ll hoover up deposits and make money but that won’t threaten Monzo.
I don’t know about Starling, but Monzo have offered switch bribes in the past. It’s a case of reallocating the marketing budget, I believe, so they can afford it that way.
Monzo will never be threatened, Monzo is a cult not a bank. JP Morgan wont destroy us. We will prevail 
Do you reckon JPM will come into the market and instantly offer switch bonuses or do you reckon they would wait a few months and find their feet and get comfortable with the first sets of customers?
£10 or whatever for referring a friends I wouldn’t call a switch bribe. I didn’t think that Monzo had done CASS bribes of any notable value though?
The best incentive i made the most out of was a sweet £200 from Natwest, i stayed with natwest for a while until i became a Monzo Customer 
Have they confirmed if they’re adding to the Chase Mobile app, or if it’s going to be standalone?
I’d be surprised if it isn’t a whole new app to be honest.
No doubt there is a section of the market who would be interested in JP Morgan. Those people are likely to professionals older than 40 - probably a lot of cross over with Starling’s market. We can definitely agree that JP Morgan will have some success.
However, that success won’t be at Monzo’s cost who’s core market is much younger but arguably more broad.
I’ll wait for the comments that ‘I’m not young I can bank with Monzo’ and the ‘I’m young and am interested in an account at JP Morgan’! 
Speaking of which, I wonder if they’ll try to launch credit cards in the UK too or if they’ll stick to savings and current accounts.
Happy cake day!
(This is not the comment you were looking for)
They had a digital bank which they closed not too long ago called Finn by Chase.
Wouldn’t be shocked if parts of that made its way into whatever this is going to be.
Yep, you’re quite right. At the moment I think we’re all speculating - it’ll be interesting to see how this lands and it wouldn’t be the first time I was wrong!
Read 2 reports which states that they’ve built a digital platform from the ground up for the UK launch. Hopefully won’t be long until we find out for sure what the app looks like and what it’s going to offer.