Monzo Plus - Small Scale Trial

This only takes into account full monzo users also?

Personally would love to see a pick’n mix option from the email I received today.

Travel insurance - activate only when you need it/ deactivate when you don’t

Contents insurance/ gadget insurance

Car insurance?

Cash back automatically on everyday spending

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Can’t see car insurance happening… there’s almost no chance they could do a deal with someone that would allow them to offer it at a universally lower price than going direct.

Same here.

Faaaaaaaarrr too many variables to consider to be able to give a fixed price.

“Add car insurance to your Monzo plus for between £10 and £52,000 extra per month”. The latter being if I wanted insurance on a Ferrari :laughing:

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The latter being if I wanted insurance on a Ferrari

Or, if you’re under 25, a ford escort.

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There’s been some expansion on Monzo Plus in the latest Android beta :tada:

I can’t wait to see this roll out to more people :blush:

Personally I am not a fan of the pinky/orange card and think it would be great to have a small variety of basic colour options e.g black,grey,blue and the pinky/orange. Also think it would be really cool if there was an option to pay a small fee for the card and not subscription based and have a titanium card as these are becoming more popular and feel really premium.
Just a few ideas

I’ve moved your post to the Monzo Plus thread where this is dicussed at very, very, very great length!

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do we have any time frame about when this will be released

It’s been released in the trial form discussed here (on a very small scale). Going forward, I haven’t seen anything to suggest whether Monzo Plus is going to remain in this form or is being modified to provide something else.

Sounds like you are describing the mean, I’ve always found median to be the preferable form of average for this sort of data

This is very unlikely.

I’d like the idea of contents insurance :grin:
Also maybe you should add a Monzo spin to the plus and maybe include free to pay in money to your account would be a nice added perk, the withdrawal abroad doesn’t really bother me as much £200 is enough for me at least anyway

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These deals are very rarely worth it. Purchasing everything separate quite often is cheaper and not that hard

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I’ve never found this to be the case - in Monzo’s case it probably will be as the deal is a bit rubbish, but for Nationwide’s I think I’d struggle to get all that for £13. High value phone insurance can cost that alone.

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Nationwide is that rare exception. Every other packaged account, charging more for the same, reinforces the rule though.

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I wouldn’t mind paying a few pounds as a one off to chose a different colour, so it could be different from the joint and personal account and or business accounts (assuming the default colour stays as coral).

I think it would be nice if at a certain amount in the account you’d get a different colour card, similar to banks like barclays do with the premium banking.

I don’t care at all for the colour of the card but would love to get on this for other benefits and to support.

Hi all & Monzo in particular,

I don’t normally post on the forum but I wanted to add my 2p about the Monzo Plus offering. It’s nice to meet you all on here!

I previously had Nationwide Flex Plus and absolutely loved all the benefits offered by them. I paid around £13/month but received £5-6 worth of interest back into my account so ultimately the difference became the cost of the benefits.

If Monzo were to offer a similar group of benefits I would definitely subscribe to Monzo Plus at a rough cost of £10-£15/month. Bear in mind the Nationwide benefits were numerous and significant so I don’t mind paying especially if I’m supporting a good cause like Monzo. If Monzo were to offer something a little different like a three tier system with different price points I think that would also allow different people to subscribe at different levels but that would fragment the offering perhaps making it harder to manage.

In summary - I feel that a premium offering should be substantial and in my personal view on that basis that Monzo shouldn’t hesitate to charge a bit more. Nationwide’s benefits are the biggest thing that I’m missing in my Monzo current account and I would love for Monzo to be on par in this sense. Exciting times!

I hope someone from Monzo reads this as it seems to be the only way to offer feedback on Monzo Plus.

Thanks all. :slight_smile:

P.S. Hot coral has done wonders for Monzo branding and recognition by the masses so I’m happy to stay with it. Though if they can find another equally recognisable colour and build a brand around it by all means go ahead. :slight_smile:

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Out of interest, why didn’t you keep the Nationwide open for the benefits and just fund it with the fee every month?

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