How long will my card be in the beta mode?
The roadmap doesnāt have a timescale for Monzo exiting the beta program on it?
Would I be wrong in assuming that they would not launch a current account if it was in beta?
Starling (who have launched their current accounts) are still in beta & Iām guessing Monzo will still be ātestingā the current accounts for x time.
I assumed the launch of the current accounts to the majority of Monzo customers would āsignalā the end of the beta phase. If Iām not wrong, the debit cards donāt have the beta notice on them, do they?
1 Like
The previews that weāve seen havenāt. But I wouldnāt expect Monzo to say that theyāre out of beta when the start rolling out the current account to a small number of external testers etc.
So although your suggestion sounds logical, personally Iād rather not assume that any of the steps on the roadmap are the exit point, until the teamās answered this.
Obviously there may be another point thatās not on the roadmap when the conditions for exiting beta will be met.
My guess is that they are:
- Account & payments systems are stable & reliable
- Transition of all customers to the current accounts / debit cards is complete
- Current accounts have all of the core bank account functionality in place
And we donāt know which order those steps will be completed in, though presumably point 1 will have been met before the rolloutās thatāre currently in the medium term list on the roadmap start.
1 Like
Did not realise that Starling was in beta as their cards do not say this (unlike 
).
1 Like
Beta is just a term. Thereās not really any definitive point where it would change. Iād personally say that the prepaid system was a beta for the current account system. So Iād say once the current accounts are launched then itād be out of beta. But thatās my two pence on the idea
5 Likes
If I recall correctly iCloud (website) and gmail were in beta for yearsā¦
4 Likes
And hasnāt Handbrake finally come out of beta?
@anon72173902 and @Dunsford, youāre probably right. But I think a bank is a bit different to these other products. There are a lot of people who are not going to trust their money to a beta account. Monzo needs to exit beta to be seen as a ārealā bank by a significant portion of the population, so I hope the current accounts arenāt in beta for years!
1 Like
Techy people will be put off by beta yes but you might be overstating the number of ānormalā people who are.
Judging by the number of tweets I see from people who get caught out by an outage, while only carrying their Monzo card, Iām not sure that many ānormalā people understand the implications of Monzo being in beta.
1 Like
I guess this is the flip side of what I was trying to say. Most people will see Monzo as a ārealā bank, or not. If Monzo stays in beta and you have to carry another card, there are still issues, etc., then it will start getting a bad reputation. Most people wonāt knowingly use a beta bank, and if they unknowingly use one, they will not be understanding when things arenāt reliable.
That being said, Iām not worried. I canāt see Monzo staying in beta for years. I think the team are pretty focused on getting a full current account up and running with reliability that exceeds the current big banks.
2 Likes
With the upcoming launch of the current account - does this signify the end of the ābetaā for Monzo?
edit: now merged in this thread. summary, who knows.
This topic was automatically closed 180 days after the last reply. New replies are no longer allowed.