FCA retail bank review highlights potential issues with overdraft charges

[alexs (Alex Sherwood)]

@anon40728597

I just think if the average migrated account makes minus 6 quid, then it’s in Monzo’s interest to have people use their overdraft twelve days in a year to break even…

That would fine in my opinion. But clearly there’s potential issues with overdrafts too.

@anon40728597

I think the other cost drivers such as market place…in the end…won’t work and it will be overdrafts/loans/business accounts and the low overheads with the new tech.

What’s your opinion on this based on?