I got my sister to sign up to Monzo as she lives rurally in the south west. She had legacy banks with Santander and NatWest, both of which closed their branches local to her meaning the next nearest branches are 9 miles away.
In this instance the pound is nothing compared to an 18 mile round trip + parking charges; and she has had no issues with paying in at the local Co-Op.
I live rural too (don’t even know where the nearest PayPoint is 
)
If I get cash I just keep it and use it as partial or full payment towards my next purchase - eg weekly grocery shop. It’s even quicker and easier this way. So there’s another idea for your sister 
It was a large sum of cash more than a paypoint will accept, also with the large value I wanted the security of it going into a bank, a post office option would be great however my local PO has recently closed and our next nearest 2 are also due to close in the near future.
So paying cash into any bank is getting harder and harder. Using the cash would be fine for smaller amounts but it was over £5000 and I didn’t want it just sat round the house getting spent silly nilly.
It’s not really just a monzo gripe but an issue with most banks and the rapid closure of the local smaller Post offices.
I’d like this view. This has helped me in the past when I’ve accidentally dipped into an overdraft only to be charged. I’ve then used it to figure out what happened at the time
All of the above still applies today, including the ineligibility for any overdraft limit at all.
Hey I’m even a crowdfunder. And so is my other half, more so than me (she’s been in 2 or 3 rounds now, and we also have a joint account (in addition to our personal accounts).
But now there is one more reason that is stopping me/us from going full Monzo (on both personal and joint fronts)…
Our current “main bank” is progressively “becoming more Monzo”! 
Obviously they will never BE Monzo but, from what I have seen to date, they are making genuine efforts to move into the 21st century with very Monzo-like new features in the pipeline. And I think it will be enough to make me/us stick with them. 
Just out of interest, who is your main bank ?
My ‘main’ bank is FD, the reason I haven’t switched is the £250 interest free overdraft for those times when I dip in and the 5% regular saver they offer. If we ever get this matched one day, I’d switch that day!
This…
I feel that Monzo is still in its early days and I would rather keep using my current bank as it more widely recognized; everyone I speak to knows the bank. Also I feel that little bit safer, since there is more years of experience and trust with said bank.
If Monzo suddenly starts having the better options such as higher interest rates on savings and rewards that will help to improve my overall finances then I might reconsider going full Monzo.
I am yet to meet another Monzo user in the real world…
Where do you live 
?
How high if an interest rate are you looking for ? The ones from Monzo are fairly competitive to an extent.
I get that its a feeling - but it has the same insurance if the bank falls apart (up to £85000) and the location based securities are better than most - if not all legacy banks 
When this https://community.monzo.com/t/bill-pots-previously-committed-spending-pot/39672/289 gets implemented and if direct debits can come out of bill pots first, but fall back to main account if pot is empty, then I’m 100% in!
That’s amazing to me! At least a quarter of the cards I see people use are Monzo - but could be as high as half. I live in Islington and work in Canary Wharf, which aren’t in the central bell curve, admittedly, but shocked you’ve not seen one!
Would like a more comprehensive Monzo Plus package … kinda like the package you get with Curve Metal. Would pay Monzo £15/month for that.
My legacy bank has too good an interest rate, a great CC offer, £2k fee free overdraft, brilliant savings account (2.5% APR). It’s only while I have a graduate account so I may switch if I lose all my benefits.
first direct
Worth noting that the cap on monthly deposits coupled with the 12-month period for the saver means the effective rate is actually 2.71% - assuming you’re putting in the maximum each month, you’re only getting 5% on the first £300 you deposit, and after that it’s all diminishing returns.
Granted, in the current climate 2.7% isn’t exactly to be sniffed at. But if you have a lump sum already as opposed to drip-feeding, there may be better options out there for you.
I write as someone whose FD regular saver has just matured, meaning I’m now open to switching my FD account if there’s an offer that works for me. A switching bonus of £100 or more beats interest earned from the regular saver.
“She legacy banks” what an amazing term ! High five to you
Not quite true.
The 5% is annualised, so you’re getting 5%, just for 11 months, then 10 months etc.
What you do with the money while it’s not in the saver also counts, doesn’t it?
I can only refer back to my closing statement:
Haha, now that IS true!