Monzo Pro is now available for everyone 🎉

Monzo USA 🇺🇸
1

Over the past few months we’ve been testing and trialling out a new subscription product for our customers. Our Pro subscription is now available in the app - you can see a new shiny “Pro tab” in your navigation.

With Pro we are offering:
:credit_card: 2% cashback on eating out and groceries (up to $3000 per month)
:money_bag: 3.75% APY interest on your Savings Jars
:bar_chart: Tracking and budgeting across all your money with unlimited connected accounts
:bucket: Increased Savings Jar limits
:tear_off_calendar: Get paid up to 2 days early

We value feedback and are here to help!

10 Likes
2

Be nice if us in the UK had the cashback in this form.

4 Likes
3

Ah, now it makes sense…

I took the changed string in the latest app version (6.32.0) to be Business Pro, when in fact it is US Monzo Pro

<string name="add_money_add_card_allow_credit_body_us">By continuing, you authorize us to charge this card if your Monzo balance can’t cover your Pro payment.</string>

The ‘…_us’ bit should have been obvious!

2 Likes
4

Still unavailable for joint accounts?

5

Just moved over to Pro.

2 Likes
6

Shame you couldn’t have added some more new features to make it worth it. This was enough to make me leave Monzo for another bank.

4 Likes
8

Yeah. $3,000 per month cash back would be cool. Shame you have to spend $150,000 to get it, though. (Eggs must be more expensive than I thought).

Maybe they mean “on up to $3,000 of spending per month.”

4 Likes
9

Up to $3k :joy:

11

This is such a bad idea.

Early payday? Offered free with all major US banks

Unlimited Connected accounts? Offered free with all major US banks.

2% cashback? This is just a refund on the credit card fees you charge businesses already, which are tacked on to our bill already.

The only thing worthwhile is the 3.75 APR but even that doesn’t pay for the $10 monthly cost. When I get back from my vacation, I’ll be looking for another bank

3 Likes
12

Is this enough feedback yet?

13

I don’t think Monzo really cares about the feedback. The bungled the Pro rollout so royally that it tells me they just don’t care about losing customers.

I really like Monzo, but it’s not worth $10/month without Mobile Check Deposit and Online bill pay. Until this two items are available, I won’t be joining Pro and have moved all but a few dollars from Monzo to another FinTech.

Keeping my Monzo account open for a while and hoping Monzo adds Check Deposit and Bill pay. Then I’ll re-evaluate. This is a very sad turn of events. I had high hopes for Monzo in the US.

2 Likes
15

Shame to hear of your experience. Can I ask where you are moving to?

16

I a trying out both Envelope Money and Crew. Both have some features missing, but are in active development. And I’ve already sent feed back to both development teams, who did respond in a timely fashion. Both seem to be up and coming with active development schedules.

2 Likes
17

Check deposits and BillPay are a monster when it comes to fraud controls and losses. While checks use is decreasing, the dollar amount is increasing every year. They add a significant amount of risk and controls. There is always the option of letting another bank/credit union take that risk and move money over with Add Money > debit top-up.

18

So are y’all really here to help or is this set in stone already and our feedback fell on deaf ears? Because I’m already changing banks