Hi Monzo,
I found out about your app by following a youtube programming tutorial channel from one of your employees. Your app seems awesome and it’s such a shame Canadians can’t access it.
- Canada has one of the highest bank fees in the world.
- There’s some online banks, but none of them have the kind of infrastructure like Monzo. They’re basically traditional banks but operating online. Some doesn’t even offer a debit card and you still need a traditional bank account if you ever want your money out.
- The US has quite a lot of (cheaper) banks and other alternative apps (Venmo). Your team has probably done more corporate planning and researched the US market more thoroughly than I did.
Monzo’s US launch is going to keep you busy for a while, but please consider the Canadian market.