I’m a frequent traveller so the increase in withdrawal limits is welcomed. I’m already annoyed I can only take out £200 in Canada in a couple of weeks.
Travel insurance is uber expensive. Although I’ve just checked my Lloyds account and I’m paying £27pm for that account. I get the following:
- £500 overdraft fee free (don’t use this)
- AXA worldwide travel insurance (includes my family) and winter sports
- Mobile phone insurance for three phones
- AA 24-hour Home Emergency Cover
- AA Roadside Assistance, Relay, Home Start, Stay Mobile and AA Accident Management Service.
- Identity Monitor (fraud protection service from Experian)
I think for Monzo Plus to be a success, for me, I would want to include the boring insurances that I don’t want the hassle of taking out elsewhere, like the above. Plus some cool cash back and other purchasing incentives would be nice.