Been in the app for around 4 weeks now
Youāre replying to a post from 2021 - they were clearly referring to the US app.
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Apologies
Has anybody had any luck in either reopening their old Chase account once closed, or opening a new one? I closed my account early last year because they didnāt support direct debits and no-one could tell me when they would (and, of course, they introduced them the week after I closed the account, but it was too late thenā¦).
Customer services originally said Iād need to wait 12 months before reapplying but it now turns out that this was just them kicking the can down the road. The last person I spoke to said that itās not about time, itās about a limitation with their system - once youāve been a customer, you canāt come back. Just wondered if anyone has had a different experience.
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Assume getting closer to a form of credit being offered?
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I guess something like overdrafts first? Would be interesting to see what else they bring to the table.
Although I guess itās going to be a slow and steady roll out of products.
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This is good, another thing to make them feel more established and legitimate.
Nope this is not possible - ācurrentlyā
I was also, like you, told it would be a 12 month limit. I think itās connected to the cashback because that was also 12 months originally, when I reached it I was told no but āperhaps around march timeā I could re-apply then. Even getting them to erase me off the systems (so no marketing etc) didnāt sort that either. I just donāt get marketing about an account they canāt re-open.
I
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Currently, Chase wonāt allow customers who have closed account in the past, to rejoin.
Iād suggest for new and developing fintechs, donāt fully close it, instead leave it dormant with a Ā£1 balance. If your card is frozen, itās safe.
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Seeing as Zopa havenāt increased their interest rate recently, I will move my savings back into Chase now it is at 3%.
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Chase will offer a credit card at some pointā¦
This is on the Chase website under Newsroomā¦
The info is within the Nutmeg news article, which can be found here: Media centre | Chase UK
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Rip chase 3%
Monzo now offer instant access pots at 3%!!!
Much easier having the money in one place.
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Thatās probably a tad premature! 
Some folks will appreciate the ability to pay direct debits from their Chase saver and find that easier.
The competition is great though, and Iām glad to see Monzo finally competing in this space.
Also if you have both, and prefer to have your savings with a different bank to curb impulses, then the chase/Monzo dual stack is even more attractive now.
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I was actually more talking about me rather than the world. There is no point having the bulk of my savings in chase when it adds friction for me.
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To be honest if I had that issue then monzo old style pots would have been better than chase as it took a day to get the money out where as chase doesnāt add the hugest amount of friction that would aid with impulse control. People would surely just move into their chase balance and spend using the card?
Edit: in fact if you were to worry about impulse control I would never hold my savings in instant transfer accounts unless you can lock them with a delay. It would do very little to prevent anyone. Old pots would help or banks like ford would help as it takes time to get the money out. Itās not a feature just having it in a different bank to control impulse when it takes minutes to get access to it.
Also I like how the monzo pot will show up in money management apps with open access although chase is working on that.
It does make starlings offering especially crap now.
Starlings offer was especially crap when they announced it.
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For me, if I do need it, I canāt be waiting that day. Itās where my emergency fund lives, and itās where my spending money goes until I want to spend it, so Iāve always needed two.
The friction of it being with another bank is enough to forget about it until such a time I need it.
Thatās Atomās role.
My spending money just stayed in Monzo for the 1%, or whilst I was spending on Chase, in my chase saver.
Itās the barriers I need, not the delay. I need to not be able to see it at all, and forget itās there. So it needs to be a different bank. Otherwise before I know it, Iāll own this crazy expensive mixed reality headset I donāt need with money I havenāt budgeted for.
Iām not sure Iāll make the most of Monzoās saver, I suspect my rainy day money will stay with Atom. But it does strongly incentivise keeping the Ā£2K constantly in the account for the 4% thatāll get me with Plus, which Iāll probably go back to doing.
I still plan to, in April, move my direct debits over to Chase however. Or at least just the energy bill, because spring is a good time to swap to variable direct debit and let the account build up cash for the winter and earn me interest in the process. Instead of it sitting in Bulbās bank account earning them interest.
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I mean you can just hide Monzo pots? I hide my round up one to emtpy it at the turn of the year and see how much it ran to.
I find hiding would be better than an account where each month you will see things going on in the All Activity feed unless you literally never use the account but even then you can hide a monzo pot.
I still dont fully understand people with your impulse issues as I always know where my money is and how I can get access, it being in a never never bank wont make me forget and its so trivial to spend it and so quick its no meaningful barrier but I guess if it works for you.
I just would have thought a hidden pot would have been better since its actually hidden unlike chase where if you use it as an account and not a vault you will see things going on with the savings account and every time you check your roundups or nutmeg.
I know people will serious serious impulse control issues (gambling was a big one for one but thankfully they got themselves blacklisted and use card controls to help) and they do need the delay so chase is worthless for them, they will just spend it as its trivial to see and spend it, they do value a day delay though to prevent them wiping all their money out though.
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Hiding them makes interacting with them too obtuse, to the point I had to find a clever workaround to pay into them without going through the palaver (searching for the pot from my main transaction feed to find the last transfer).
For me itās just easier and better to send money to the payee I have saved in Monzo for my external savings account.
Itās possibly worth trying though, thereās just never been this thing to really incentivise it before now. But itās just, why interfere with a system thatās already works well, when it involves fiddling with functionality thatās always frustrated me about Monzo with hidden pots.
Edit: speaking of which! How do you actually find your hidden pots with the new overview? Or does the functionality not exist yet?
Iām going to presume you donāt have anything like ADHD which is probably why! Apologies if thatās not the case though.
Itās just the technique Iāve found works really well for me. It doesnāt for my sibling, but then neither did the delays of Monzoās third party pots. Everyoneās different.
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