I probably do need to embrace savings accounts. I essentially keep my emergency fund (approx 6 months of salary) in my current account. I have no savings accounts, just my current account and investments.
Again, it’s an anxiety thing. It’s one of my many quirks.
You do you dude 
there’s plenty of options you can look at when you want to squeeze a chunk more juice from your dough…
You’ve done that one, Jo. Got any new material? 
HSBC (Premier). I won’t gush about them on this thread. I’ve already done that enough in the HSBC thread… 
To be fair, I did re-open a Monzo account yesterday (hence posting the free trial screenshots on this thread), but it’s not for me. I felt overwhelmed the moment I started using the app, it’s far too cluttered. It was worth giving it another go though.
I do think Extra is incredible value though. I can see why they are pushing it. Just the spend tracking/connected account features are worth £3 per month, IMO.
Apologies for the misunderstanding, I see your intention now
I’m not sure they have to be exploitative - not a bank but Nationwide offer a range of debt products, they’re profitable (incredibly profitable, in fact) and I’m not sure I see the exploitation angle. You’re right tho, it is pretty much the done thing in banking.
Unfortunately with scale comes scope for corporate greed, and that’s not just in banking but in everything. And once you’ve cast the definition wide like that it’s almost unavoidable as a consumer - there are schemes like B Corporations with the ernest intention of providing that but I don’t have much reason to trust them when you get divisions of Nestle gaining those certifications…
I’d love to know what the cost would need to be solely to keep a bank running though.
The UK is unusual in having free banking; yet other countries still have premium services and lending facilities to keep banks running. Are they not charging enough?
Some lending products are just a fact of life; mortgages being a prime example. Perhaps they could be made less predatory (though is this an issue with mortgages?) as well as the same with credit cards/loans.
The mortgage industry is primed for innovation, but it’s whether you want that on your balance sheet or whether you work with someone to deliver that for you
That and Monzo assigned me an account number ending in 1. Another one off my quirks, number sequences ending in 1 bother me for some reason.
I do wish banks would let you choose your own account number from a pre-defined list. Similar to what Spusu and some other mobile networks do with mobile numbers.
Granted, I’m sure I’m in the extreme minority, being weird enough to care.
Gen Z? I’m not even sure which one I am.
And conveyancing alongside it. Disruption can’t come soon enough to that sector.
Have you thought about opening a Premier savings account? It’s only 2.25% but you can instantly transfer between it and your Premier current account. I move any excess from ‘Balance after Bills’ to that and move amounts back as necessary.
04-00-03, I’m fine with that part.
It’s not a dealbreaker in any case. It’s more of a preference. I do think being able to choose your account number from a pre-defined list would be pretty nifty. Maybe even sell memorable numbers, as another revenue generator. Just a thought.
I used to do exactly that. I will consider doing it again but it’s very much an irrational preference to hold my emergency fund in my current account.
I can’t justify it on any level, but it does decrease my anxiety levels.
Anyway, best get back on topic. I think this thread has been de-railed enough. 
Keep up - he’s already said that he doesn’t want to use Monzo and is happy with HSBC Premier.
A complete list of unused account numbers might be an issue security wise? I’m just thinking out loud here, but then scammers would have an idea which accounts were used/not used etc?
You are 100% correct.
Some people have “quirks”, mine are related to being neurodivergent. Using a current account alongside investments is the method most compatible with my particular brain. I probably should have said that, rather than using the term “quirks”, it’s just less embarrassing (not that I should be, of course). That’s not to say that other ND people will struggle with the same - everyone is different.
I know you mean well though, and I do appreciate the advice and alternative options…
Maybe. I’m not sure. I know you can generate valid account numbers. The formulae used isn’t secret, it’s available for all to develop with.
It could be an issue though. I just thought it was a pretty cool idea. I suspect of all the banks, Monzo would be best placed to offer it, given their tech bias.
FFS - I give up.
Right… back on topic… so what would we like to see added to the Monzo paid plan offerings?
I’ve put forward my idea, I’ll gladly hand over a few quid to choose my account number…
Any other ideas?
What would the reasoning be behind that?
Besides the fact that you get something for free and you lessen the value of the paid plans?
I was thinking something a little more sustainable, sustainable in this context meaning that Monzo can offer it and also grow and make money. I think the free boat has sailed at this point.
There are no bad ideas though! I’m not being dismissive.