Is premium worth it?

Santander do it for free. It’s also, for me, a better implementation. The other accounts are on the same page as the Santander accounts with no tapping, pulling, or scrolling. They also load already updated with no need to refresh the feed.

Oooo interesting!

What’s it called, have you any screenshots please?

It’s called linked accounts, and as a bonus, my Monzo balance shows the current balance, whereas the Monzo widget shows the balance three days ago.

I use the Santander version - I notice Halifax offer it as well but haven’t tried it.

Natwest do this, but the differenciator is that Monzo shows both Monzo and Natwest accounts in my trends (via plus) but Natwest only show Natwest on the trend line

NatWest also allow you to link different accounts from other banks in. It’s on the same page as the NatWest accounts just under them.

I guess it ultimatly depends on whether you feel it’s value to you. I, personally, still don’t quite think it is, plus is “just about” worth the payments for me. Some comparison below (based on experience);

Here’s a list that might help folk decide:

Other accounts in Monzo

  • Natwest, Santander (and others?) do it for free, but not as part of trends

Interest on balance and regular pots

  • nationwide for 12 months, Virgin money, First direct 1% fixed saver, Natwest 0.35% saver

Custom categories

  • Not sure other banks offer this?

Holographic Card

  • Not really a benefit it is?

Virtual Cards

  • Not seen other banks offer this

Advanced roundups

  • Starling do this for free

Cashback on international transfers

  • Not sure if others offer it

Credit tracker

  • Natwest, RBS offer for free

Offers

  • Santander do Cashback on spending and bills as do NatWest, RBS, HSBC (Paid)

auto export transactions

  • Not sure this is available elsewhere

1 free cash deposit per month

  • A number of banks don’t charge for this

Fee Free withdrawals abroad

  • Not sure on this one

Fee Free allowances

  • Nationwide paid, Chase for freee

The Nationwide paid for account offers this and more, and it’s cheaper.

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Santander open banking doesn’t pull transactions past December for my Monzo account, though does update the balance :man_shrugging:t3:

Good discussion points from across the space. Thanks and I’m still of the opinion after some of the thoughts here that this isn’t good enough to bother with as a service for me.

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The card is nice, always a topic of discussion firstly opening by “why is your bank card white?” … it’s also metal :sunglasses:

Travel insurance is good for me as it comes with car hire excess up to £3k in the UK and it pays off otherwise it’s £10+ per day of hire. :oncoming_automobile:

Phone insurance as I couldn’t afford another iPhone pro max 12 outright. :calling:

Custom categories works out for me :pinched_fingers:t3:

Virtual cards to pots :credit_card:

The offers don’t really bother me, but those above have become really handy all in the same place. :metal:t3:

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Judging by the number of emoji, you assimilated into Monzo quite quickly :laughing:

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whilst i do like the look of the white :credit_card:

the rest of premium isnt much use to me , i wont get the travel insurance due to existing health conditions

my partner insures the mobiles as the account is in their name

the lounge thing would be handy for trips , but often there are discounts on line by booking directly

the :heavy_plus_sign: account though is ideal for me

i suppose its down to how you would use the benefits and if 15 quid a month fits in your budget :slight_smile:

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I think you’ve nailed it right there @dannymidd - Plus is great, but the gap to premium is possibly only useful if you really want the card and insurance’s (the latter is overpriced IMHO)

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The card is nice, always a topic of discussion firstly opening by “why is your bank card white?” … it’s also metal

It’s pretty rare I care let alone use a bank card so that a wash for many of us.

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The only time I’ve ever used my physical card in the last 2-3 years has been at an ATM, how does it fair in one of those? My Monzo Plus card came out scratched AF on the first use.

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I generally use the card, if not mobile/watch when I don’t have it with me which is rare.

Or he’s @Remi in disguise :eyes:

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To add, I rarely take out cash and not had any issues or scratches or damages either.

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yeah i think plus is great also :slight_smile: