I’ve always held off opening a Starling account, despite the obvious near-parallels with Monzo.
I have enough backup legacy accounts to last a lifetime - all of them never used now. I operate with a one-is-all day-to-day banking philosophy which is currently a Monzo Joint Account (with emergency back-ups from HSBC, Barclays, etc. - as anyone should have)
After the last few days of news following the annual report, I’ve considered looking at Starling, mainly to have there as a just-in-case, non-legacy banking option.
I researched Starling as I would with any other ‘purchase’ and today, I downloaded the Starling app. And installed it. And ran it to the point of signing up.
Then I slapped myself and told myself to get real. Monzo is going nowhere, regardless of who is at the helm. And there are seasoned people on deck now. The tech is there, the fundamentals are there and the passion is there, even if familiar faces are leaving. They all helped build what it is and did an amazing job.
It isn’t going to fold overnight or be sold or dissolve over a short’ish period - if it does, I’ll eat my invested CrowdCube ££’s (as will every other ‘individual’ investor unfortunately)
‘Think different’ springs to mind, although that tag has been used to death before now. And while everyone else has the right to choose whatever they want, I’m sticking with what I feel is right, right now.