I really love that Monzo has put users’ safety first by disabling magstripe as standard. With the risks that this poses, it’s great to have a bank that cares enough about its users to think about this. I travel to America a lot so I have become quite used to this feature.
One thing I have found myself thinking more and more is whether a strict 24hr limit should be the only option. I can’t have been the only person to have travelled to somewhere where mobile data is expensive and there is no free WiFi, and yet I have forgotten to switch my magstripe on, effectively leaving me without access to ATMs except in a real pinch.
This probably won’t be a popular suggestion, but maybe it might be worth introducing a customisable timeframe for this? Say from x date to x date. So I can switch it on when I leave, and it’ll automatically turn off when the time limit expires.
I’d be interested to know if I’m the only one who has ever forgotten to activate their magstripe while travelling abroad!