Monzo Plus - here's what's coming next!

[anon77709925]

Metal Card’s, Gold, Silver, Grey

[Porter (Wayne)]

I currently have Monzo Plus but a lot of the features I don’t use, like the exclusive discounts as all of them are not relevant to me, and struggling to decide weather to keep the plus or go back to the standard as I can’t warrant the £6 a month for just a card at the moment and I have kept it now for three months thinking something new will be added that is worth investing in the Plus?

[MalaiseForever (Ethan)]

Well you’ve signed up for a year so you’ve got it for another 9 months. I agree the value proposition is very poor currently and I haven’t signed up for it.

[Porter (Wayne)]

You do have the option to end it tho and that’s what am thinking off doing but unsure

[MalaiseForever (Ethan)]

Do you? I’m sure it’s a 12 month contract. Or do you mean stop after the 12 months is up?

[Porter (Wayne)]

Yeah sorry your right

[danmullen]

Given the original benefits promised haven’t really materialised (“swag” and events) and there’s no way to add new features like insurance at the moment, perhaps you could speak to Monzo and see if they’ll allow you to cancel early?

[Porter (Wayne)]

Yeah might be an idea that to be fair and your right with that they haven’t which is disappointing for me

[Jonny5 (Jon)]

Good afternoon, is there an up to date timeline for the role out of Monzo Plus ‘coming soon’ items? Thanks, Jon

[johnbiondini]

A general update would be nice.

[davidwalton (Award Winning Hot Coral Analyst)]

The Plus-team silence broke a few days ago with the posting of an update in a different topic;

Monzo Plus worthwhile?

Hey team, By way of introduction, I’m Benji one of the product managers for Monzo Plus. I really appreciate those of you who’ve taken the time to share your feedback. First, I want you to know how much we value everyone who’s signed up for Monzo Plus so far, and so early on in our journey. We don’t take your loyalty or enthusiasm for granted. Monzo only became the company it is today because of our community and we know you can help us make Monzo Plus amazing. The technical complexity …

[pol]

Any word on Airport Lounge?

[davidwalton (Award Winning Hot Coral Analyst)]

No mention of Airport Lounge access in the update referenced 2 posts ago - but the Monzo Plus webpage is still displaying it as an upcoming feature;

[Webby53096]

I just want an update with as few coming please

[anon42572914]

Recon zero overdraft fees should be made into a plus feature. Its already going to be part of the core for the USA so why not the UK?

[Alexxxxx (>50 categories pls)]

Oh woah what. Link please?

[Webby53096]

It says it on the website - but im pretty sure its either because

1. They don’t offer overdrafts in the US or
2. They aren’t allowed to because they aren’t the bank managing the money

[anon42572914]

Monzo is launching in the USA!

Near the bottom is says…

Spend for free

We don’t charge fees for spending on your card, we don’t charge overdraft fees, and we don’t mark up the exchange rate when you go abroad.

[Webby53096]

This was the last thing I could find in the US sections

@rarther

Interesting. Looking forward to that becoming a thing over here

Agreed that’s quite interesting. Although they say “no overdraft fees” because there is no overdraft and it’s a key selling point to have none. This sounds like false representation to us but I’ve seen other US challengers market “no overdraft fees” too when there is no overdraft available (especially Chime) so it’s probably seen as acceptable to say and the meaning is understood by consumers.

In the UK that would get taken apart and moaned about by all the clever clogs (clever clog’s, clever clogses?) but in the US they’re just happy to stop getting ripped off by their legacy bank!

[anon42572914]

Ooo interesting. Will be good to see what the final outcome is.