Another +1 that I wouldn’t use this feature as it stands because the page is veering on dark patterns.
I would ask the person for their bank details and do the transfer manually.
If I’m giving money to a friend that I feel might be up for Monzo, I’ll give them the spiel and show them the app separately.
If I’m just trying to give someone else money, I would use a feature like this. But only if it was completely painless and only did a potential upsell after the transfer was successfully complete.
I’m not even sure how many people you’d ensnare into signing up at the same time as receiving money using this tactic. Surely their prime requirement is to receive your money. If they like the sound of Monzo then they’ll sign up afterwards, personally I’d be rather scared of signing up for something and putting the money I’m getting from someone else into a thing I know nothing about yet.
Also: I never thought I’d have to use “ensnare” when referring to a Monzo feature. Very disappointed in this, and also very disappointed in the denials from Bruno and RobinB in the face of a fairly unanimous response from forum members.
Corollary: why don’t the monzo.me pages have a big button saying “Sign up for Monzo, top up your account, then pay your friend from there” as the primary call to action? Because it’s not the purpose of the feature - It would be a rude, delaying, confusing and slightly sleazy distraction. As the primary CTA is here.