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.
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.