Sounds like a great plan to get Plus moving. Iāve done the survey, but Iāll reiterate my main point for sake of discussion - Iām basically happy to give Monzo some money on a monthly basis but so far all the Plus options have been things that I actively Do Not Want.
Something I would be prepared to pay for is a Pro Features mode, with better built-in tools for allocating spending to pots, making bill pots work with subscriptions etc. IFTTT does not do it for me at all.
Iām happy to consider paying for metal and/or additional cards, insurance products, discounted membership of other complimentary services, etc but not for app feature (and further enhancements) such as better budgeting, Bill Pots, Salary Sorter, etc. These should be free for all as they are likely to encourage more Monzo customers and more going Full Monzo which would naturally lead to more Ā£Ā£Ā£ for Monzo.
Also - obviously Iām just one data point, but the whole insurance thing leaves me cold. Iāve shopped around to get excellent deals on my insurances (home, car, pet, device) and the home insurance offer I saw through Monzo Plus was lousy in comparison.
Hmm. Subscription app features like that would cross one of my theoretical red lines.
I hope we donāt go down that route (just because I like it here 
).
That would be good - Iād like it if Monzo allowed the option to pay for plus up front for one year (or 6 months, which ever way they go) - then they could offer a partial refund of what you havenāt used yet - particularly good if a better option comes up elsewhere so you still have the option.
Thanks @alawrence - weāll be sharing our first update tomorrow 
Loving this new collaborative approach!
Will the update tomorrow address concerns that people have raised in this topic or is it just going to be a progress update?
Personally, Iād hope not. If there are answers to these things already then it would imply that the āblank slateā probably isnāt as blank as we thought it was.
It boils down to whatās competitive pricing for me. I know that a metal card costs a lot to manufacture, and a lot of people arenāt willing to pay Ā£15 a month for just a metal cardā¦ the rest of it would only be of interest to me if it was in line with prices that I could get through other places, like Compare the Market.
For me, personally, I can get buildings and contents insurance on my 2 bedroom house for Ā£130 annually, so around a tenner a month. If Monzo Plus is not priced around that, then I wouldnāt be interested. Again, itās down to fair pricing and customisation. Life insurance, I can get for Ā£5 a month. Car insurance I get for Ā£16ish a monthā¦ I would happily consolidate all of this into Monzo Plus if it was a decent price. It also has to have some kind of customisation - like the contents cover that was offered with the previous Monzo Plus scheme would not have been suitable for me at all (even if it is fine for the majority of people)
I got Octupus Energy through the Monzo app, only because it was within Ā£5pm of what I could have gotten through Compare the Market - the feature of Monzo telling me when my energy is due for renewal and switching for me was not a good enough reason alone, if the price was Ā£10-15 more than what I could have gotten myself!
I understand what youāre saying but things like:
These are more to do with the transition rather than the direction going forward. There are many more like this but I canāt be bothered to scroll that far back 
Yeah, but those two specifics are also nothing to do with the current Monzo Plus team so I wouldnāt expect them to be on the hook to provide answers to them.
Weāll find out in due course.
Wouldnāt everyone need to be on the same page to help make this a success? It looks like COps donāt know what is going on either with the feedback in this topic.
But yeah, I guess we will find out soon 
I saw over on reddit that one of the options being surveyed is Monzo Platinum;
Per the thread there;
- Metal card
- 1.5% interest
- Secure virtual cards
- Triple ATM limits abroad
- Family travel insurance
- Airport lounge access
(Havenāt seen this posted here, sorry if itās a duplicate)
I mean - Iād pay for that
Edit: Ā£15 is an alright price considering the original price of travel and base monzo plus was Ā£10 a month (im on early bird so I pay Ā£7) but for the extra money, thatās a fair price imo 
Edit of the edit lol: and if the 1.5% is actually included and you keep the correct amount in the account then itāll basically be Ā£11 a month or so
At Ā£15? Nah, very little value for me personally.
Edit: While my post comes across as negative, itās not intended to. I understand not everything appeals to everyone. If the above was the final product and people see the value in it for them personally, great. Just for me, it has little value, and thatās also fine.
Look at the screenshots in the original post it looks like tiered pricing is the current thinking.
Monzo Basic - Free
Monzo Pro - Ā£5
Monzo Platinum - Ā£15
So very similar to Revolut, N26 etc if the value is there it might be worth it and I guess less complicated.
I think things like āswagā and custom a Monzo.me URL should be scrapped from the next iteration. Itās really not worth anything unless itās free with all plus options, no one should be paying for those.
The above Monzo Platinum example above isnāt bad. Throw in some rewards and it would probably do quite well.
I like the card, the interest, and the virtual cards. I donāt travel a lot so travel insurance, airport lounge access, triple ATM limits, are useless to me - and those 3 things probably make up the bulk of that Ā£15! Swap the travel insurance out for building & contents, or car insurance with breakdown cover included, or something useful to me - and Ā£15 a month doesnāt seem too bad (as long as thereās also no minimum term?)
Again, it comes down to customisation - pick and mix!
For Ā£15 Iād want a little more like the Monzo Points scheme and a free overdraft and I think Iād probably go for it.
IMO I think the plus/premium option should be a fixed offer, something simple with an offering that will appeal to a broad group of peopleā¦ Then they should also introduce the āMarketplaceā for those who want different insurance options, savings, mortgages, bill switching etc.
Capital will only last so long without revenue growthā¦ focus has to be on profitability as well as building a great service for all. Good luck team!
Potentially two ways to generate revenue via a plus like service.
Some ideas for premium service:
Re Marketplace
Personally, I would not use the marketplace. There are so many compare websites and in most cases you can get the product cheaper directly.
Why not let companies like Wrisk/lemonade/etc do insurance well. Removing the middleman seems to be a common strategy with tech companies so not sure why this is seen as a sensible route here. There does seem to be a use case for younger people who want very basic insurance (Eg phone/travel) but will be interesting to see how large this market is.
Everyone seems in agreement that support should be equal for all 
