@Carlo1460’s disappointment is immeasurable and his day ruined
Or did I tag the wrong person again
That’s me.
Monzo gets a little mention in this, but not in a good way.
TL:DR
Which banks am I less keen on? I wouldn’t keep a large balance with any of the so-called challenger banks, particularly Monzo and Revolut.
I don’t have time to read it all but did they explain why? Revolut aside, holding money with Monzo is no different to Barclays.
Not directly, I guess you can infer because of the prior paragraph
I often get asked who I bank with, and the answer is Nationwide. The building society has a strong track record of paying out to victims of fraud, has generally kept most of its branches open and, in my view, is the most ethical place to keep your money. It’s not perfect, but it stands out in this sector.
Which banks am I less keen on? I wouldn’t keep a large balance with any of the so-called challenger banks, particularly Monzo and Revolut.
Thanks for sharing. I think the most interesting part of this was TS stating that Monzo were specifically targeting a deeper relationship with customers when talking about growth, rather than prioritising growth for growth’s sake (i.e. Revolut).
I’ve long been a bit surprised that the scale of development in the US has seemed a bit slow, especially now they have a chunk of change in their account from Google. But maybe they’re working the product up first such that it’s the finished article before going on a big marketing spree next year
Really? I thought the pace was quite fast and stable. Relative to the UK at least. They churned out something new almost every month, and quite a few were sizeable innovations that would have been big additions over here despite how far ahead we are. But that seems to have stopped this year having lost some vital folks from the US leadership who were driving a lot of that innovation. Now it’s all a bit stagnant of late, and the monthly updates on the forum here have dried up.
Maybe you’re right, their roadmap looks like it’s 65-75% complete so I guess they’re getting towards a finalised product. Still feels like they could be going faster though, but what do I know. - it’s gotta be two years now since they started building and Monzo is a non-event over there. Everyone was talking about Monzo after two years in the UK - but again, maybe they’re not trying to do the “move fast and break things” approach there, and waiting for a polished product before pushing it out. That’s what I hope anyway.
Who are the leaders you’re referring to who have left?
It’s slowed down recently (this year), but it coincides with losses at the leadership level. Notably, Lincoln.
Behind a paywall but if you click cancel before the page fully loads, you can still read it
Here’s a summary by Intelligence, for the above link
Monzo Bank, a prominent UK online lender, has invested €4 million in its Irish subsidiary and appointed a high-powered board of directors. The board includes experienced financial industry figures such as Peter Rossiter, Michael Carney, and Valerie Dias. Monzo aims to use Ireland as its gateway to European markets and has been engaging with the Central Bank of Ireland to obtain the necessary license to operate in the Republic and passport services across the EU.
Before I start doing this myself for paywalled articles, is this allowed @Dan5?
Surely everyone knows how to bypass these paywalls by now
You’d think, but half the time someone shares a paywalled link, someone will complain it’s paywalled!
So I just defaulted to the archive.is links, but starting around a month ago, Dan’s been removing em.
I don’t think it’s bypassing the paywall anymore than someone reading it and summarising it to us on a post, surely?
The issue before was actively bypassing a paywall via a link.
That’s my thinking too, but would rather have clarity than assume.
I have Brave browser installed; not sure if that’s from advice here or isp review, and pressing x while the page is loading seems to avoid the pay pop up coming up on most pages.
I’m assuming that’s OK