I have had a Monzo card for over a year now and have mainly used it whilst travelling abroad, it has always worked perfectly and the customer service has always been great.
Over the last year I have found it increasingly difficult to save money with my traditional bank HSBC. Me and my girlfriend have made some large purchases over the past year/holidays etc, haven’t been living beyond our means but we have find it impossible to try and be aware of how much money we have been spending through traditional banks. We both use American Express cards and have always been big fans of their customer loyalty (we have saved hundreds of pounds through Avios). Recently though we have began to think we need to be more aware of how we are spending are money and making conservative efforts to save (cue saving for that ring!). We both decided to stop using our reward credit cards and just spend money we actually have.
I recently did a scary thing and cancelled my HSBC account/credit card and moved everything over to Monzo. I have to say I’m never going to look back. I was expecting some issues transferring some DD/standing orders doing it manually however its all been a breeze. The ease at which Im able to complete all of my banking through monzo its miles ahead of HSBC’s clumsy app. Not only is all of my banking easier, but being more aware of how much I’ve been spending I have already been able to save hundreds of pounds in different Pots for exciting things for the year.
Im just wondering others experiences from changing over from traditional banks?
For me in a month Monzo has
Made my banking easier
Allowed me to save and see my spending habits
Works perfectly abroad (just came back from France the rate was pretty much identical to the interbank)
All in all to me Monzo seems like a great move from Traditional banks. I will keep one credit card for emergency’s/large purchases but here is to saving in 2018!
How have others found the change?