Monzo Plus - Small Scale Trial

I see, but for me, I will never pay those fees as I don’t hit the realms of them kicking in.

I think Monzo Plus is just something that is inevitable, whether that be something everyone wants/needs or not.

Either way it will be interesting to see where it all goes from here.

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Still, quite interesting that it’s so high

I expect, like most things, there’s a small percentage of very high salary users (like £100k+) and quite a lot around £18-£20k. I haven’t drilled into the data to see it, but if you look at it that way, then £30k as an average makes sense.

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The average salary is around £26k IIRC and one might expect with a more London based and more technogically curious user base that users would slightly exceed the average in their age group

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And given that average contains a similar distribution of earnings it’s not that far off

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ps Pretty certain every one of the “Monzo in love” people so far have earned more than that…

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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