My financial decisions revolve around what I’m buying and where the money goes so utilities, insurances, pensions, investments. Not moving money between accounts which is secondary or even tertiary. I guess the ability to open/close accounts etc may have some place as well.
Banking does not equal finance is probably what I’m thinking on this.
They now have energy switching, foreign exchange, and phone and home insurance. All through third parties.
I left a large bank for Monzo even thought in the short term I lose out financially due to interest etc. I don’t regret it. Monzo is not about beating a high street bank product for product themselves.
OK, I obviously misunderstood. That sounds more like what I was thinking of.
I’m sticking with Monzo for day-to-day banking, but I opened a FlexPlus current account today after seeing the interest rates Monzo are considering for Monzo Plus yesterday.
I’ll pop £2.5k in my FlexPlus account and get family UK and European breakdown cover, worldwide family mobile phone insurance, and worldwide family travel insurance for £6.75 / month. Being a Nationwide member also gives you access to their home insurance, which I’ve heard is very good. I know people who have had claims paid immediately when other insurance providers would have tried to get off the hook.
Pretty good value if you have a a couple of thousand pounds laying around and will make use of all those features but for some these packages don’t represent good value
Why does that stop you moving to Monzo? I have an HSBC mortgage, but it gets paid from my Monzo account. Also your 2% above base is not a great deal - my last tracker was 0.89% above base, and my current one is 1.49% above.
Our mortgage is with Nationwide but I’ve never had a current account with them.
I use Nationwide FlexPlus and I agree it’s an excellent value account. It didn’t stop me going Full Monzo though, I just also have a FlexPlus account that gets used only for the perks.
The day to day usage of Monzo is so much better than Nationwide it was a no-brained.
I was going to ask the same.
I have a Mortgage with HSBC but don’t have an account with them. If there was some reason I had to have one or wanted to take advantage of a perk I’d setup a standing order from my Monzo account to pay into it 
It doesn’t stop me from moving my banking to Monzo at all. The reason I’m not a customer of Monzo, is quite simply because I don’t want to be a Monzo customer. I am though interested in fintech, hence why I contribute here.
I have a Starling account which I run alongside my Nationwide Flexplus account as semi primary account. Basically all of my own personal expenditure is done through Starling as my pension is paid into it, whereas my full time salary is paid into my Nationwide joint account. I guess I’m fortunate enough that I can keep more than 3 months salary continually in my Nationwide account, something I’ve done for several years.
Also, Monzo, like Starling, doesn’t pay the level of monthly interest on a current account that Nationwide does, which goes some way to discounting the overall cost of the package. I have the packaged account for a reason, I’m a frequent global traveller and the travel insurance alone is worth the monthly fee, plus as I’m over the age of 50, I’m covered under the terms of the packaged account. I also own two cars so the breakdown cover is there and I and my Wife’s phones are covered too.
As for the mortgage, I’m not on a bad deal. I looked at remortgaging a couple of years back and it just wasn’t worth the effort, even moreso now I only owe £12k. Basically, I just can’t be bothered now as I’m close to being mortgage free.
The dream! 
I’d be rich if I didn’t have a mortgage although I’m sure I’d find something else to blow my money on 
Yes, but how old are you? I’m retiring at 55 in a couple of years. I left school and home at 16 didn’t go to higher education or uni so no student loan etc. Got a Government job and worked my dangly bits off. Retired from that and things have been pretty sweet since tbh. Never had any kids either and that affords a considerable disposable income. I should have paid our mortgage off about 5 years ago, but the travel bug comes with a certain amount of expenditure!
No doubt you have worked your bits off, it’s a great achievement! Hopefully I’ll get there one day 
I too would love to spend that money on seeing more of the world - my list of places and experiences is endless. Enjoy! 
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