I gave up my £15 Halifax Ultimate Reward account and moved to Monzo & upgraded to Monzo Plus. I looked at the Monzo Premium, but the truth is, I was paying £15 at Halifax, and got more for the same money. So to me it wasn’t worth upgrading. The Ultimate Reward account offered Travel and mobile phone insurance and basic AA breakdown cover. It also had lots of little offers that renewed each month. The Travel Insurance I wasn’t interested with but the phone insurance & breakdown cover were excellent. So paying the Monzo Premium didn’t have the same appeal to me.
However I changed to Monzo because this format is the future of banking and I believe in it.
The premium account could be better in terms of its offerings. You could also create a Monzo “Green” account that partnership’s with another agency in providing a wooden debit card (there is a company bringing them out), that also pledges to plant trees to counteract carbon emissions. There are infinite possibilities with Monzo.