More connected account providers - Marcus, PayPal & PayPal credit, and stock provider integrations such as Freetrade to keep an eye on my portfolio.
Something else - Monzo have realised their strength is in software and that advancements are worth charging for. They’ve also shown willingness to add more granular controls for budgeting with custom categories. Building on this foundation, I would like to see them add some advanced options to subscriptions and budget periods.
When I subscribe to things I’m often asked to select my frequency in terms of weeks, and can range anywhere from 1 all the way up to 52. I would like the same controls for managing subscriptions in Monzo so it can better sync with those services. Likewise the same options for budget periods would be nice too. Perhaps even the ability for a continuous next 30 day rolling option that’s constantly looking up to 30 days into the future like Simple bank do.
Good shout (and a good subject for another poll ). I was looking at the new Money Dashboard and they have connections to Nutmeg, Pension Bee, Wealthify and WiseAlpha amongst others) so it’s certainly possible. For my part, I’d be keen to have Starling, Freetrade, T212 and Coventry Building Society on board. I’d also like to hook into Zoopla (or another PropTech)'s API so I can track the value of my home, too…
I voted for a couple of Something Elses - this would be all of them:
I’d like to have More IFTTT triggers - any account ‘action’ would be great as a trigger. Literally any discrete account action I would love to see as it’s own trigger. (I don’t think Native is realistic as I want more from IFTTT than just potentially pot moving). That said the Auto Export goes some way to facilitating that if you’re inclined to play with GSheets. And so far I am
More Pots (though I think this should be a core feature).
And finally overhauled Budgeting - with an Envelope Budgeting / YNABy flavour to it.
And I guess also Joint Account functionality - I do think the budget related stuff should apply to Personal and Joint equally. As a user, I don’t really have proper “advanced budgeting controls” if a good 25%+ of my transactions are stuck in Basic Mode.
I’m medium happy with it so far - I think the decider of keep or not will be:
Do VCards improve in function by the end of the first 3 months.
Do I get my Dashboard set up the way I want to make the Google Export worth it. (i.e. does this save me money)
Some really solid budgeting feature would be a really attractive feature.
(Do you think I have time to argue with someone on here)
I voted that I’ll keep it if I get new features. What I’m hoping for is that in the next three months, they’ll add more open banking partners (Amex please), allow budgeting and transfers both ways. That’s all I want and I’ll happily pay them £5 a month
The connected accounts feature provide a nice overview in theory but, in practice, my car finance, mortgage, primary credit card, and savings account are all absent from the list. Among the accounts which are supported, there’s scope to provide some great spending insights but Monzo Plus doesn’t offer this service (yet?).
The interest is nice but I’d be paying £5 and getting (up to) £1.66 in return makes little sense.
Foreign money withdrawals - not really an issue at the moment and increasingly I pay by card while abroad.
The card is pretty nice but I use Apple Pay for most things now. (Caveat, I really don’t like how the holographic card is displayed in the app.)
Virtual cards - I see little value. I can’t remember when I last lost my bank card (). If I think websites are dodgy, I don’t use them and, in any case, the virtual cards stuff does nothing to limit how much money a fraudster can take from your account.
Custom categories - I don’t use categories or summary at all these days, so I’m not interested in the ability to customise these options. I like the “left to spend” bar under my account balance in the app but I don’t bother with any more analysis than that.
Will I stick with monzo? For now, yes, their app is still cleaner, quicker, smoother than any other bank I know. I use bill splits and shared tabs with friends and family and find those tools useful (I could still use them if I switched away but it would involve lots of extra fiddly transfers).
So far I’m enjoying the upgrade, Monzo helped me get my finances more on track, and I’m hoping the auto-export can take that to the next level. I honestly prefer them saying “Here’s the data go wild” rather than forcing a style of budgeting on me.
What I would like is:
Interest to be included in the auto-export
Exclusive offers, and offers that mean more to me
Marcus, T212 and Vanquis (ew) integration
Features I can’t actually think of but then see and realise I’ve been missing that feature my entire life
I’m inclined to agree. The only thing that I think will be of use is being able to see the full card details (including CVV) in the app. But the design is a bit off (something that I’ll probably write about separately). And the problem could be sorted by just… showing the CVV of the physical card in the app. (Or me not leaving my wallet in another room).
I would to see Joint Account support (of course). I don’t even mind if both of us have to have Monzo Plus to get it in the Joint Account. My favourite parts of Plus are limited by the fact most of my transactions go through the JA.
And just to add to that, it would mean you can see spending for “Car” at a total level too, rather than just the 4 sub categories it would have.
With a full data set, I could see year on year how much I spend on say “Food + Drink” as a total category, when underneath that Groceries / Eating Out / Drinking are three categories that could fluctuate month to month.