It’s only 5% on the first £200, though. The next £200 earns 11/12 of 5% and so on, until the last £200 earns 1/12 of 5% (about £0.83).
@anon83963349 Toms response when i asked him about this was interesting though. Santander are basically giving away money. They have no tie in to the companies or reason to do this apart from to get you to bank with them, they are using the cash back on the 123 account as a marketing ploy. If you watch the video on their youtube account there was some interesting feedback
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Which minute?
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I feel more secure with legacy bank as I free to go to a branch and sort my problems faster.
My experience with legacy branches has been the opposite. If I can’t do something online and it asks me to post some papers instead, in most cases the branch would just do the same. The only advantage is that they’d print you off the required paper but you still need to wait ages for it to arrive and be taken into account.
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I prefer fintech banks as I can send a message and respond to It later. Yes you can’t pay cash in the only downside and cheques but there rare and far between, I hate going to a branch being sold products don’t want and having to make appointments. But I also understand it’s different fit everyone how they use their banks.
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@o99 my questions starts at 31 minutes
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I’m not getting why so many need to pay in cash - I haven’t paid in cash in 20 years. If your salary is paid into your bank, isn’t the flow outwards?
If I’m given cash I just spend it instead of drawing cash out that week/month.
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Barclays app is pretty good(I don’t seem to have the spending categories like you though), its why I opened an account with them and continue to use them for paying in cheques and cash deposits. Beyond that I prefer fintech banks as I haven’t had many good experiences with the customer service of legacy banks and trips to a bank branch are not something I would consider a positive and normally costs me more time/money(fuel, traffic, car parking)
Selling items for cash or receiving money as a gift(brithday, xmas etc) is normally how I end up with cash. I’d rather not being carrying around £££ in cash when I could just deposit the money and get spending insight into where that money ultimately ends up
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Unless you have a job that pays in cash, you’re self employed and mostly receive cash, you get expenses reimbursed in cash, or just regularly sell old possessions for cash 
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I’ve now switched to Monzo as my main joint account but there’s no way I’m ditching my other accounts.
My Pay goes into Monzo and I farm it out to NatWest and Santander where the majority of my bills are paid and I accumulate cashback. I also have a paid Nationwide account for the extra benefits.
I like having Monzo as the hub account as it’s nicer to use on my phone and over time I’ll hopefully build up a good picture of my spending but I don’t see any benefit in going full Monzo as it lacks many things I’d consider essential and there are no real finaical incentives either.
I value interest and cashback as over time it adds up significantly for me and after the initial set up there’s no real work involved.
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I thought that was the definition of #FullMonzo? Just that your salary goes in, not that it has to be your only account? Having only one account would always seem a bad idea, best to always have one Visa and one Mastercard surely.
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I thought #FullMonzo meant ditching the “legacy” banks.
Otherwise you’re not really a true believer!
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As far as I’m aware #fullmonzo is when you use Monzo as your main day to day account for bills and direct debits. Doesn’t need to be your only account though.
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It’s a bank, not a religion…
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Only true believers will be allowed to use Badger Pay
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3 different definitions in 3 posts 
I must admit I’ve never really known exactly what people mean when they say #fullmonzo, but I’ve always assumed it meant to have Monzo as your one and only bank.
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A combination of 1 and 3 in my book.
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I’ve always taken it as your main bank account - Salary and DD’s being the 2 main things for me.
Certainly not ditching all other accounts - Legacy or not.
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