Yes indeed, they’ve tried to be a bit balanced but ultimately the product doesn’t really have enough features for almost anyone. Still, they could have easily gone for a clickbaity ‘why Monzo pension is terrible’ type article.
Transferring to cash and bonds won’t suit most people for the reasons you’ve mentioned. I’ll also add there’s no option to choose a sustainable investment portfolio which is a really a shame and off putting to me.
They might only have 7.5 million active accounts.
11 million is just the counter for total accounts in existence, including closed.
Sorry how does that prove @Carlo1460 wrong? You might be total customer 11 million but once closed and inactive accounts are taken into account you might be active customer 7 million.
Yes it is.
For all you know, #11,XXX,XXX -1 could have closed their account.
The word ‘active’ is suspiciously missing there. Don’t assume, because ‘ass’ and ‘u’…
This has been done so many times.
No it doesn’t.
It implies nothing.
It states there are 11 million accounts.
Next thing you’ll be telling me you believe those are genuine Trustpilot reviews and ratings…
Is there an official definition of “active” in the banking circles or can you make it any criteria you want?
And just for completeness 
feels bad to leave out BOS from the photos.
However, I have just spotted that each site uses a different term for logging on to online banking. Seems a strange thing to not be consistent across the group
Halifax had two figures at one point. Or maybe Lloyds, can’t remember.
If your number was over 11 million in May, when only 9 million were using Monzo, it shows they’d already effectively lost 2 million customers by that point. Also, “using Monzo” could mean anything. It could include customers with no other bank account who use it for their wages and all their bills, and also those who only use it as an occasional spending card.
Or like me, it’s sat there doing nothing.
If it wasn’t my oldest account I’d probably close it.
$5.9 billon valuation = £4.75 billion?
TS - don’t worry about the IPO, take your time and do it right … just drop me a special dividend in the meantime yeah? 
Excellent find! Thanks for sharing @chrisdalziel 
I thought it was significant enough for its own topic (sorry @Revels !)
My summary and thoughts over here:
Just saw the new Monzo advert with First Dates and it is truly terrible. What were they thinking when they made that?
It involves moving pictures 
It’s a clip from first dates but edited so they are talking about Monzo. Can’t even remember what they were saying. Probably the worst banking advert I’ve seen and just makes them look unprofessional. It’s clearly meant to be “fun” but really isn’t what I’d want from a bank.
