Does Monzo offer a joint account?

+1 here too!

Same here!

Why are pots such an important feature, but shared accounts lower on the priority list? Seems you’d get lots of people to switch if they didn’t have to handle the logistical headache of 2 accounts that’s preventing them from switching to Monzo.

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The only thing stopping me closing my Nationwide joint account is for £13 per month we get both of our phones insured, travel insurance and breakdown cover.

I just transfer what I need for rent and bills from Monzo.

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I’m also banking with Nationwide, just don’t use phone or travel insurance. Haven’t spent enough on phone damage in the last few years to justify the cost, and I tend to think of travel insurance as a bad investment as well (only specific problems covered). Have these been worthwhile for you?

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Yes - very much so. I’ve had an iPhone replaced that I accidentally damaged, and had my sister’s car fixed on a motorway (I rarely drive but it also covers you as a passenger). Added to the £3k hospital bill covered entirely (from a nasty episode in Cambodia that I won’t go in to) it’s more than been worth it.

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I, on the other hand, think of it as an absolute necessity. It can absolutely ruin you, if you have an accident, or severe sickness while abroad, without insurance. Maybe less so if you are travelling in the EU, but even then…

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missed a flight due to problems/delays on public transport. without insurance would need to buy 4 new tickets but with insurance they paid for them.

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Whereas I have paid hundreds if not thousands in life insurance over the years and it has never paid out once. Not once. :pray:

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I hope you never have to repatriate a loved one back to the UK if the worst should happen and someone dies. That can cost hundreds of thousands of pounds if you’re uninsured.

The Nationwide travel insurance is pretty good, if you read what it actually covers.

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funerals cost a fortune. I told my kids if I ever die on a ferry, just push me over the railings :wink:

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How will you make sure they wait until you die?

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ha ha, my ex would beat them to that

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So is a Joint acount on the cards?

Yes there is literally a card for them on Monzo’s roadmap here :slight_smile:

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Scanned through this post and couldn’t see this linked out, but looks like a cool implementation: https://www.simple.com/company/announcing-simple-shared

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Plus with that, the ability to log into multiple Monzo accounts. I.e. my personal account and the joint account (with my wife). I know you guys are working on something around this but realistically how far off is it? Weeks, months, this year?

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According to this its long term, i.e. more than 12 months

For a full discussion:

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I wonder why none of the challenger banks have offered joint accounts, is it so difficult? They have generated a large base of loyal customers with the majority just using the accounts as petty cash. I can understand Revolut & Transferwise not doing it as they are somewhat specialised, but wanting to make major inroads into the legacy banking market with such a deficient product mysteries me.

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I guess because :monzo: Monzo are genuinely aiming for a billion customers, nine months in the life of the proper current account is no time at all.

Monzo is all about getting every building block in place at the right time.

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I’ve been mulling over this for a while now and can’t figure out why it’s a long term goal to have joint accounts? To create a joint account is it not as simple as creating 2 profiles under 1 account, carrying out due diligence on both these people and then issuing them both a card under the same account?

My fiancée and I use a monzo account as our joint account but only have it under one of our names.

Does anyone know why it is not happening now?

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