I think there was a whole thread about it, wasn’t there?
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Well, it smells more like VC to me now
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What would it take extra for you to change?
The current offerings are pretty bad. But these may just be the baseline at each end of the spectrum from which they can add bit by bit until they find a comfortable spot.
I’m not saying that is what they’re doing, but if it is then it’s a better approach than over offering to begin with and then having to scale back.
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For me, I’d need like for like or very close to this:
That’s a joint account so it really is cheap as 
per person.
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I think when it comes to some of the softer benefits it’s just harder to quantify what people actually want.
I don’t know what I want but I know this isn’t it…
The common theme in the previous thread was indeed “Better travel benefits” - and you can certainly argue they have brought some of these features. But it’s just not better than The Market, so they’ve got a harder sell for sure.
I said myself in the previous thread;
For me, a premium account would mean […]
- Competitive selection of insurance packages […], £0 excess […], with better cover for gadgets
- Removal of certain restrictions / limits - ATM fees etc.
Aside from a Metal Card, and something else I mentioned - this ticks off some of the things I said I might want. But it’s not quite there yet.
So you know, steps in the right direction hopefully, and I suspect doing small scale trials like this are far more valuable (and cost effective) than focus groups and research agencies will cost.
Don’t get me wrong, I don’t think this package right here right now is great, but I think the info that this generates will lead to the next valuable iteration.
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£18 for a different card colour. Some people want it. I like the hot coral so not something I need. Don’t want travel insurance. Don’t want tech insurance. Don’t want cash back. Still going full Monzo next month.
Being a bank for the people doesn’t mean only doing things everyone wants, I couldn’t care less about international transfers but I’m not going to kick off that they’re doing it
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One thing that I’d ultimately like from a paid account and I’d happily pay a fee for, is money advice; such as how can I make my money grow. Perhaps a quarterly chat with someone at Monzo to assess how can I best save for a house deposit, or save up for that new car (just to give examples).
I think advice on how to make money go further is one of the best things that someone could have.
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I would fall into that bracket on both counts.
CC were informed by staff this evening that this is
an extremely small scale test
Wouldn’t it be fascinating though if they got a huge number of sign ups for the £3pm option? I mean it’s not for me. I already gotz my swag.
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Most legacy banks offer £200-£300 fee free overdraft on packaged accounts…
On top of £11 a month Monzo want to charge 0.50p a day for overdraft over £20?
No thanks!
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The variety of different opinions on what it should and should not include, both before and after this trial of two extremes, probably goes to show why they have decided to stop with the talking and try it out for real
Awwwwwwwww. I’m not in on this trial either. XD
It is indeed a very small scale test with some A/B testing going on… Not much of what you see here is being held as sacred. Anything could change and much of it will.
I will try and get some of the folks specifically working on this to answer some questions for you.
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I spy a small cake by your name 
Happy Birthday!! (If that’s what that means)
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Yeah, these don’t look very appealing.
Revolut’s metal option looks much better in comparison.
I’d love to see virtual disposable cards.
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@simonb does that mean that people who sign up now won’t be held to the 6/12m terms? It would seem a bit unfair to tie someone in when the product is likely to change so rapidly.
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Do they actually offer that? Have you used it?
I always find bank insurance to be a bit iffy with the fine print.
Haha travel insurance costs me something like 85p a day. I’d have to be travelling for over a third of the year for this to be worth it!
The £3 one would be a real missed opportunity to use the new cards for marketing. Your friends would see the new card, ask what it was and you would say it’s Monzo premium you get…a t-shirt and some stickers
They’d be like - what that’s it? And the opportunity for free word of mouth advertising is gone…
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31 days per trip limit though. Any idea if the Zurich one Monzo are offering has the same limitation?