As Mondo seems to be a lot more honest and open than any other bank, I can see it wont be able to exploit its users for fees and charges with rules ‘designed to be broken’ like most banks therefore should we expect a monthly fee for using the current account?
Hi @tristan, what will happen to ALPHA & BETA phase accounts once you obtain the license? Will there be any sort of upgrade? Will we remain as prepaid card users unless we opt for a current account?
Hey @bayrs, we’ll definitely offer you the opportunity to upgrade to a full current account as soon as we can To be honest, I’m not sure what we’ll do if you don’t want to – that’s some way off for now though so we’ll keep you updated as and when we know!
I’d like to suggest that even if we ‘upgrade’ to a current account you allow customers (new and existing) to have the current pre-paid debit card as a standalone product - a sort of ‘basic’ or entry level account.
It’s great to have money on a card as a permanent emergency backup or just knowing that your balance won’t be wiped out by a forgotten direct debit.