Monzo in the Media šŸ“°

UK Monzo Chat
3070

very easy for someone like him to take out significant loans against his stock. super common way of releasing equity and also tax efficient.

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3071

Guy spends the money he has earned.

Iā€™ve done a news headline :smiley:

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3072

Loans against FTSE 100 stock sure, but I donā€™t think Monzo stock is secure enough for anyone to loan on it. If they did the interest rate would be sky high.

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3073

I think in Tomā€™s case the worth of his holding in GoCardless is plenty enough to secure him financially, let alone Monzo

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3074

Okay, I think it is probably time to move it on from one particular individual as the Code of Conduct for the forum is not supportive of singling any one individual out for discussion in such fashion

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3075

Sure this is a Monzo card.

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3077
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3078

Woah :exploding_head:

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3079

43 posts were split to a new topic: Packfleet Discussion

3080
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3081

Great read, thanks for sharing

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3083

Ah the great paywall :joy:

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3085

Lots of ā€œinnocentā€ people in that article but not one has a bank admitting it made a mistake and re-opening the account.

3087

Thatā€™s not true. Tom said at some point they do get some wrong and open them up again.

There was someone on here recently who had their account locked for just a few hours.

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3088

Locked for checking, and clearly passed the check. Never actually closed. So still no example of a closed account actually being reopened.

The performed publicity may be bad, but the regulators actually appear to be on the side of ā€œnot enough accounts are being closedā€, so thereā€™s little pressure for Monzo or any other fintech to reverse a decision.

It was a little over a year ago IIRC that there was a massive increase in ā€œMonzo wonā€™t let me open an accountā€ posts, which I believe was because Monzo were reacting to regulatory pressure by tightening up requirements to open an account, to try and reduced the number they may need to freeze later down the line.

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3090
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Countdown to US bank license?
An update on diversity and inclusion, March 2019
3091

Another paywall. Iā€™m not condoning a cut and paste job, but just saying I canā€™t read it.

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3092

I mean, like most paywalls you could just ctrl A, ctrl C before the paywall message loads and then paste into word.

We wouldnā€™t condone it of course, but itā€™s possible.

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3093

I had a sub to sifted but cancelled it very quickly as itā€™s just a lot of rich people back slapping each other

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3094

Or use reader view to fight the paywallā€¦

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