Sadly, I’ll be cancelling without any new features.
The absolute killer feature for me would be transferring money into a pot to pay off my credit card. I use my Amex and Mastercard credit cards for all of my spending, and have to manually do this myself, full disclosure, I sometimes forget, I have a busy life. If this was automated, honestly, I’m sold, that’s worth £5 a month for me.
The ability to assign a virtual card to a pot is also a great feature, honestly I don’t think I would ever use it now with my spending being on the CC’s, but past me (Or younger me) would have absolutely killed for that feature, so I want to see that for others. Adding a virtual card to Apple Pay again would be awesome, Curve is an okay workaround though.
But the rest of the features as they stand are a bit meh.
Linking your other bank accounts shouldn’t be a paid feature, no other bank account i have charges for this, and surely it flies in the face of what Open Banking is all about?
Interest is absolutely miniscule, yes it’s a decent rate but because you can only gain interest on such little amounts it’s hardly worth it.
Credit rating in the app is also fairly useless, in a world where everything has an app, it’s just as quick for me to open the MoneySupermarket app and check my credit score there than it is to do it via Monzo, and it’s free.
I’ve been using custom categories and I love them, but again, I can definitely do without and I don’t really see why that is a paid for feature, Money Dashboard does the same thing.
Holographic card is meh, I’d prefer metal, I didn’t even bother to order mine, the “Offers i’ll love” i’ve actually never heard of except for HelloFresh, probably more London-orientated I guess, and the autoexport to sheets, 1 free cash deposit and fee free withdrawals abroad are two things I’ll never use.
I get the allure of being able to do everything in one app, and I’m sure for some people they will find it worth it, sadly even typing this out I appear to have set my mind in stone that im going to cancel. It just needs that one or two extra things that really cater for me and I’ll be straight back.