Which one is that? Can’t say I’ve really noticed a tendency to focus comparison on one particular entity.
Apologies meant more in that article which appeared to be banging on about Lloyd’s and I typically see more stuff about Halifax/ BoS/ Lloyd’s which are obviously all under Lloyd’s Banking Group - HSBC/ NatWest/ Santander I see much much less off in terms of comparisons (but could just be what I’m reading!)
Exactly. Monzo has money in vs money out. They make a small income or expense from each transaction. If every customer had £1,000 coming in every month, and withdrew it from ATMs, Monzo would go bankrupt.
Nothing too new in this article, with Tom’s lines similar to his Investival take:
The thing that troubles me though, is that he appears to have an awkward sidewards-on approach to laptop use:
Agree, and typing with just one hand is going to take him ages!
No wonder Joint Accounts take a while to finalise it’s offerings
Is that his hand or is someone off camera showing him how to computer?
This headline caught my eye…
… but there’s nothing new. I was expecting an insider-reveals-all scoop. But no.
Had a good chuckle
Well at least we get some business account figures…
“but Monzo is still preparing to take on Starling directly with its own business accounts. Its head of marketing says the firm has already signed up 20,000 people to a waiting list for the accounts.”
I’m tempted to register getmonzo.co.uk, looks like Starling have relinquished it.