Monzo Plus and Premium update 2023-24

I’d call it hot coral but that’s not a colour :joy:

Well, it is - if you go off Pantone colours … https://www.pantone.com/connect/17-1656-TPX

But no, it doesn’t appear in the rainbow which is probably what you mean by it not being a colour. :slight_smile:

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Yeah I absolutely don’t go off Pantone, like every single other person I’ve ever known.

Every day is a school day.

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It’s a well known fact that most men only recognise the 16 colours of Windows 95 Safe Mode.

My wife: “If you’re going upstairs can you fetch my cerise top?”

Me: “Which red one is that?”

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Literally no one is going “I’m not paying a fiver when I can open a Halifax account and do my own spreadsheet”.

(Except you.)

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I subscribe to Plus, I’m simply pointing out that all these features are available elsewhere free of charge.

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While you’re at it. Make the Preoum Card Black or at least give us a couple of colour option choices in '24 like the mid range card. My white card is flamin fithy and I dont like it. Next. Avios. Let’s get involved somehow. £180 per year should at least get us access to one elite membership scheme. Travel oriented makes sense given your zero fees on currency.

Let’s go! Thats my ask. Ask the team to leverage for more!

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Actually, I think he/she isn’t wrong.

I just switched to Monzo. But was surprised that the credit score thingy was ‘plus’ when RBS, Lloyds all gave it for free.

They also let you add other other accounts and include them in the spending and budgeting features.

And I used to use virtual cards in Revolut all the time.

That said, I like Monzo’s capabilities more than the high street banks. And it’s nice it has all these features in one place.

But it still feels like they’re just trying to throw basic stuff into ‘Plus’ to make you think it’s worth paying for. When really they could actually include something worth having. Maybe some basic phone insurance, just anything more tangible.

Still can’t get over what good value nationwide flex is for example. With family phone, travel insurance, breakdown all for £13pm. Doesn’t make Monzo premium look like good value in comparison.

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Name me one other account that offers all these features for free in one place. I am no fan on Monzo charging for features, but fair is fair. Yes, you can connect banks for free but you don’t get trends. Yes, you can get packaged insurance, but you don’t get virtual cards.

Plus and premium as products, while they could do with a refresh perhaps, are in their whole more than the sum of their parts.

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They are wrong. That is a fact. Whether you find it value for money, convenience or anything else is up to the individual, but there are things included in Monzo Plus that are not free elsewhere.

Not a bank. Wouldn’t trust my money there.

Not even close to the level of Monzo.

I do enjoy the regular circular arguments that come with a lot of the things that Monzo offer. Whereby “you can get x for free, or a better rate, or cheaper, or xyz if you go to company A”.

Some people prefer everything in one place, some people prefer paying one company to do things to have a joined up experience etc. :smiley:

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Guys you forget that every open banking connection costs money. This can never be free. I guess Monzo is not using aggregator apis and has built their own but it still costs money. Besides all the Trends functionality is on par with Emma, which as you know also costs money

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Not quite - no manual accounts in Monzo, so you can’t get a complete ‘net worth’ figure. You can’t edit recurring transactions, either (other than disabling the recurrence).

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I second the idea of leaning into the travel aspect via joining the Avios scheme!
Would certainly make my household keep more of our monthly spending in Monzo.

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Nor rename/change dates / split external ones. But I’d say budgeting in general and charts are even better in Monzo.

paid_offering_subs_refresh_squad_testing :eyes: :eyes:

thanks to @davidwalton

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Wonder if it will be something like Revolut with their subs

That’s surely them writing that purely for David!

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Whistle accounts? As in the pet health and fitness tracker or something else?

Or is that what Monzo are calling their child accounts?

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I like that thinking.

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