Current account

congrats to the mondo team for becoming a licensed bank when can we alpha testers, test out the mondo current account.



At the moment, alpha/beta testers won’t get to use a current account. We would have to wait until Mondo gets the full license. This is because Mondo can only hold a total of £50,000 on all the accounts combined. They’ll start with the staff, and might give out to a very small number of people.

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Investors??? :smirk: Hope so

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That £50k total is a killer :slightly_frowning_face:
Oh well, here’s to M becoming a full bank.

I guess it gives you a trial for 25 people with a 2k cap on each account (or something similar). Still, I’m finding this quite fascinating to watch.

Will probably be trialed by Staff > Investors > Highest Spenders > Alphas > Betas

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May be, or they may come up with some other scheme I suppose. We may never know :slight_smile:

And by “investors”, it’d be actual investors, not us crowdcube people :stuck_out_tongue:

Highest spenders is maybe not what is wanted considering those limits. Probably looking at people who are good at providing feedback with a variety of spending habits and would switch fully if anybody outside of staff is to be considered.

This probably shows how poor I am but I could fit all my non-long term savings within a £2k cap. :sob:


Me too lol. Being a pensioner in Britain today means you don’t do a lot of long term saving. I manage a bit of regular long term and a bit in a holding acc that sometimes lasts three months but rarely more.

I love this chance to really be on top of everything or at least would be if it was a current ac. Keep up the good work

Thanks :slight_smile:

I’m writing a blog post right now with some more detail on the move from prepaid card to full current account. Should be published early next week!


Glad to see things are in Motion already. Although I wouldn’t have expected anything less.

Blog post available here:

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