Definitely gonna open an account. Having a stake in several startup banks is handy and watching them evolve will be interesting. Gives you an opportunity to test out features as they emerge, and I guess all leading towards a decision on who’ll get your main banking business.
From my perspective, Atom gave investors an early sniff at attractive bond rates but have now dropped back, understandably, into the herd. Don’t see anything more innovative coming from them any time soon, unless you’re after a mortgage.
Fidor were an exciting proposition last year with debit card and main banking functions. They also offered attractive bond rates. Their parlous PR, however, reflects the lack of any real energy. As a German bank, I understand they scrub up, but are certainly not throwing their weight behind the UK offering.
Revolut was my first venture into cheap foreign exchange rates. Only used it in earnest once so far. I really rate the principal and their in-app real-time conversion will be all the better when they expand the base currencies accessible on the phone. For some reason much of their community forum is devoted to tearing their support to shreds. Perhaps I’ve just been lucky… They do need to increase limits though.
Starling - early days but looking forward to seeing it develop.
Heavily using Monzo for day-to-day shopping of all types. Haven’t used it for foreign trips yet but I know from this community already, that the user limits are far superior to Revolut.
Loot - signed up but not using. I’m anti a monthly fee.
Echoing Tom, it does look like Monzo and Starling are the real competitors.