Idea: Monzo for schools

[alexs (Alex Sherwood)]

Actually the good news is :mondo:'s first product will be overdrafts

@tom

We’ll be able to make loans in the form of overdrafts.

which will earn them revenue so hopefully fixed fees won’t be necessary.

There’s more details here -

Overdrafts. How will they work?

Hi @rarther @Matthewleigh23 and @charlie What a bunch of fascinating questions and comments, thank you for sharing them! I’m not sure that in the UK we talk very much about overdrafts and they are almost part of living with a quarter of Brits are overdrawn halfway through the month. As @tom has already said, we’re working on our overdraft strategy right now and so this feedback is really helpful. As far as term goes @Matthewleigh23 we are currently expecting to offer overdrafts without…

Tom will be posting a blog to explain the product strategy / vision soon

@tom

We had a great chat about the Mondo product design process and our vision for the future of the company. I’ve got a blog post ready to publish with more detail.