Monzo Plus and Premium update 2023-24

The 5.60 teardown has been updated, looks like we have “Transfer pots as destination accounts” now

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Feeling increasingly unlikely that it’s coming today… :pensive:

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What’s that even mean?

Own sortcode and account number?

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Ah yeah, can do pot to pot now.

If they were launching a new paid product, and it was intended for today, they may have changed their minds.

With the bleak news of the UK entering a recession, if they did launch something today, it could have easily been seen as out of touch or negative.

If I was in marketing (I’m not), I would be keeping an eye on what else is going on, especially with Monzo who had a rep regarding tone. Who knows :eyes:

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Still waiting for the thread to be updated to 2024… :upside_down_face:

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I’ve updated the 5.60.0 page - it’s probably for US accounts.

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young.account_creation.account_owner_nickname.subheading :eyes:

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It’s getting closer :+1:

(Although arguably off-topic)

Yes. Sorry. Mistook the topic.

Although… we don’t know if Child accounts will be a Plus/Premium feature yet, so back on track :train:

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Happy Thursday :grinning: Anyone have any exciting plans for the weekend?

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Hot Coral paint?

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Do it on Saturday and surprise me, it’s my birthday. I am also 9 (x ?)

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TFW you get to the end of the comments and there’s no product announcement :sob:

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9 already - yikes! Banks grow up so quick these days

Personally I’m waiting for 2 things before I consider jumping on a plus account.

  1. Joint account (obviously. I think most are waiting on that
  2. Interest earned on money directly in the account matching your 4.6 rate like Kroo offer (up to £500k). https://kroo.com/

Not convinced the 2nd will be a reality anytime soon (or if it’s ever been discussed). But for me that would be a big draw.

Honestly I was a very early adopter to Monzo (around the 6000th user back in April 2016 and investor in every crowd funding round) so I am well invested in Monzos success. But I have considered switching due to others offering features or perks out of the box that Monzo just hasn’t kept up with.

1 other feature that I would love to see but imagine it’s a bit of a pipe dream would be a more advanced investments platform where you can pick your own EFTs or stocks. Perhaps open stocks and shares ISAs (or regular) and SIPPs out of the box. These could be premium features.

Anyway, happy to hear updates from @rossmonzo. Good or bad, I like the transparency.

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They took away 1.5/2% on full balances, we sure as shit are not getting 4.6%

Kroo are doing it to attract customers, the same way that Monzo have done various customer acquisition over the years and how Chase gave a great rate/cashback etc. Monzo are not in that place anymore, they want to grow but not at any cost.

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:crystal_ball: Most likely

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Does Friday count as the weekend? #DeepExistentialQuestions

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