Think this should be rolled out to Standard Accounts, not just Plus Accounts.
On the website it says its a Plus add-on
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I think if this were to become available to all, they’d literally have no reason for anyone to go plus as it stands 
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The whole marketplace model is a Plus feature, not sure why they’d break out one company 
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I can see the logic in doing so for all of the additions… it would write off the £6 fee but then that’s just a different pricing model that needs to be adopted for the wider offering.
For me personally, the £6 brings me no benefit I am interested in with its offering, but if the add-ons were offered in a (albeit currently limited) marketplace fashion across the board that would be very appealing for me.
I appreciate it changes Monzo from a current account and premium current account offering to a current account and simplified intermediary service for multiple products, but I think Monzo has done great things with savings pots and see how this can be integrated well with other products/services.
Not sure if this has been mentioned/seen, but it looks like phone insurance is now available with the contents insurance
Can you see the terms and conditions or summary of that without signing up? Wonder if it would cover things the kids have
Doesn’t directly say phones anywhere in the T&Cs, it just say any items usually taken out the home are covered up to £2000.
It still lists “Phone Insurance” coming soon though:
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what is £16.50 a month for 12 months? all of that? so confusing
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Contents Insurance £10.50
Monzo plus £6
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That’s pretty terrible to be honest.
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Better than Lloyd’s. (But that’s not hard lol)
If that’s how the phone insurance offer ends up I’ll be extremely disappointed, fingers crossed it isn’t
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Wait, what’s wrong with the phone insurance ? Isn’t that what it always was that it’s going to be offered separately from the content insurance ?
Because although the content insurance says it’ll cover mobile - still looks like it’ll be separate as well
I don’t think Plus is good value. And I don’t think saying Monzo is already great and worth the cost so it’s worth paying for anyway is a good argument - setup a donation button for that.
It’s a paid service that costs £72/yr. That’s roughly the same price as Amazon Prime or what I pay for Spotify (both of which I feel add value for the cost). It’s also roughly the same price as the premium plans at other challenger banks and similar services.
I don’t think Plus adds to the banking experience in any meaningful way. The main plan offers a card that says plus and a couple of deals (the only good one there, imo, is just a 3 month trial). That’s £72/yr. Then some add-ons if you want more.
Revolut Premium is almost the same price but includes virtual cards, some travel insurance, medical insurance, and ATM withdrawals abroad to £400. Similar for N26, Curve, Dozens, etc. Monzo doesn’t even include the lifted ATM withdrawals without an add-on on top.
Monzo Plus, in my opinion, represents awful value both in general, and compared to the competition.
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I get your points. I agree more can be done (and faster if possible).
However it’s also newer compared to Revolut and it’s going to grow, so time will tell. Plus they have an event next week so we will see what comes out of that. Side note - I don’t like Revolut because of a lot of reasons so they could offer those things at even lower costs (which is one of the things I don’t like them for - bad quality)
So time will tell, but again I agree at this rage more can be done
This has already been discussed above - it’s not here yet - coming soon - event next week, we will see what comes out of that. I’m not happy either.
Has anyone from Monzo actually come onto this forum and apologised for the quality? Furthermore, have the said how they’re going to fix it?
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I wish someone would say if this is coming to joint accounts. Not that it matters… There’s little to no chance Plus will ever come close to my Nationwide FlexAccount which is £6.50 per head for travel and mobile insurance, and road side assistance.
I’m still hopeful the Plus team will pull something out of the bag. If only they’d pop in to say “Hi”…
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Tbh, I expect the event next week to be a lot of people waiting for the q&a to complain about plus… With maybe a lot of Monzo saying X,y,z is coming soon…
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