I have been informed by our awesome design team that some of the suggestions made in this thread have already been designed and are in the process of being built. No ETAs on this stuff, but here’s a couple more things that should be coming within the next few months
Custom Statements
This will be great, it will allow you to set the start and end date for a statement.
I think this idea makes a lot of sense - I hadn’t even known about the Profile screen until I read about it here, disguised as it is behind an unlabelled arrow. Either way though, I’m really pleased to see that you can pull off individual months in QIF form too. Meets my need perfectly.
Just had a look at the bank statement
How about including:
IBAN
BIC
BANK CONTACT DETAILS AND ADDRESS ON THE FRONT PAGE
END OF DAY ACCOUNT BALLANCE AFTER EACH TRANSACTION with a separate IN and OUT COLUMN
Reduce the spacing between lines🙃
Make it appear a little more official rather than a simple print out
Looks pretty similar to my other bank statements - I actually prefer in and out being in the same column, much easier to read, and I’m not sure why you need IBAN codes etc on a bank statement? That’s the only real difference I can see? Monzo statement much cleaner looking IMO
I think there’s a design choice between (broadly speaking) simple and contemporary, and classic and weighty.
To me, I think Monzo had to go with the former - it really doesn’t work with the tone and ethos of the bank not to design statements that reflects the culture of the organisation.
That’s not to say that some of the additional info wouldn’t be useful (IBAN and BIC in particular when they’re offered), but one step at a time, eh?
(Now, the more interesting question is, with open banking and / or other changes, can we find a way to disrupt the old fashioned paper-based method of proving ID and/or income that statements are usually used for…?)
Fully agree.
Just imagine a future where lenders (i.e. for a mortgage) simply redirect you to your bank (i.e.Monzo), who then ask you if you want to allow them one-time access to your transactions - and gone are the days of printing a bank statement!
All very true and a solid response
Your last paragraph is something worth while persuing.
I can give an example when applying for a mortgage the amount of statements that both I and my wife had to provide was just silly
I had Smile and she had HSBC. Yes my smile statements did raise an eyebrow in comparison.
I was fortunate enough to be able to use my Starling app to provide the proof of my new bank details when asking the pay office to change my bank detail. But this was a first and far from the norm. Definitely the way forward