Monzo Plus Roadmap for 2019 šŸ“…

Monzo Chat Monzo Plus
251

I have a feature suggestion. Being able to instantly remove money from flexible ISAs/Savings pots.

Itā€™s important to have an emergency fund. At the moment that sits around in a pot not earning any interest because in the case of an emergency that money needs to be instantly accessible.

I cannot put it in a savings pot, because it can take a working day to get it. As I found out over easter bank holidays, that working day period can sometimes take between 4-5 days. If Monzo plus customers were instantly able to access that money (effectively the bank uses its reserves to provide an incredibly short term no risk loan), then the interest earned would offset the cost of Monzo Plus.

2 Likes
252

Something was mentioned about interest on balances with monzo plus. I can only assume this would include what is in your regular pot

253

The ISA/Savings pots are generally much higher interest rates. So whilst it would cover some of it, it still wouldnā€™t match the interest rates

254

Thatā€™s true but the reason for the higher rates is that they have your money locked in for longer. Instant access tends to be lower rates

255

The other possibility is that you need to update your app?

256

Iā€™m on the latest 2.47 Android

257

Iā€™m currently experiencing a bug regarding Monzo Plus ā€” attempting to toggle off ā€˜auto-renew when plan endsā€™ prompts (successful) Face ID auth, but then the toggle immediately switches back on. There is no way to keep the toggle off.

Is anyone else able to replicate?

iPhone XS Max
Monzo 2.47.0
iOS 12.2

1 Like
259

Cheers :+1:

260

With the some of the monzo pots they are flexible. I.e. instant access. This wouldnā€™t and shouldnā€™t apply to fixed rate ones. Currently flexible savings suffer from a delay as money is transferred between parties. I would like there to be no delay for monzo plus customers

1 Like
261

Contents insurance?
Airport lounges?
Metal cards?
Virtual cards
And interest on positive accounts?

Iā€™ve gone from a non-believer to a believer in one post :joy: Hope the price is right for this as itā€™s looking to be a great bunch of options.

2 Likes
262

just paid for monzo plus, tbh I donā€™t see any value in unique monzo.me url (already have one) as well as a new card (mainly use apple pay) or the events, but I do want to support Monzo and grab the discounted fee for what will be on offer in the future.

I am annoyed when I do not get invited to test new features though (as an investor, early card holder monzoer #3584! and now plus user) the monzo points, for example, is something you should offer monzo plus usersā€¦ maybe think about offering all new features to plus holders first as a benefit!

2 Likes
263

Can you get in touch through the app please? Weā€™ll try and take a look :pray:

1 Like
264

:+1:

265

Has there been any update on when theyā€™ll add more features to the ā€˜coreā€™ offering?

Really torn whether to go for it or not

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266

Personally I think randomly chosen is better

2 Likes
267

Agreed, I was thinking this earlier on today. Not so much plus, but just for investors too (although I understand sometimes things do need to be tested using a random sample).

268

If they want to see how well used Points is then it makes sense not to only offer it to Plus users, as it would be very unrepresentative

5 Likes
269

I get the random need for unbiased feedback but you could just weight the responses to reflect this

1 Like
270

I disagree with investors and Plus users getting preferential access to new parts of the app.

Mainly because it widens the gap between the haves and have nots. It means those who can afford it are paying for early access to functionality and itā€™ll skew usage statistics.

9 Likes
271

Appologies if Iā€™ve missed this, there has been a lot of posts and I havenā€™t been able to read them allā€¦
Is there a set deadline for the ā€˜early birdā€™ Monzo Plus sign up?
Donā€™t want the disappointment of finding out its doubled in price when I finally make my decision :joy: