@Rat_au_van is cool Monzo member due to her excellent cat profile picture.
That is true. But it is only one among many reasons.
Serious(ish) question: @Demmedelusive, did I read on the Starling forums that the Gurus popped in to have a chat with Starling folk recently? Is it a regular thing to go in and have a chat about how the community thinks that things are going?
@Jackcrwhitney do you do similar (with Monzo, not with Starling, obvs)?
Yes, in fact we have a meet up fairly soon… There’s also the option to attend via Google Hangouts (if you don’t fancy the trek or would just prefer).
I believe they are going to try and make it a regular thing (if it’s not already), every few months or so.
We did, @Peter_G.
It was the first time the Gurus had met as a whole group. It’s not expected to be a particularly regular thing and was very much about looking at how the community is evolving - communication & suchlike.
No huge exposés about the product. Much more a get to know you (and come away heavy laden with merchandise ). Nice folk (probably, very much like their Monzo counterparts).
There ain’t no party like a S[tarling] Club Party
Exclusive footage from the recent Guru meet-up, there…
Beats me where you hid the cameras
personally I chat with them regularly even without a meeting, but I also chat to Monzo, Monese, Bunq, Fidor, etc staff regularly. I don’t regard myself tied to one particular bank…unless one of them gives me a job
now you have to guess which of the Gurus are which S Club member
Oh gawd…
Next you’ll be getting s club juniors when starling start children’s accounts …
(Bloody hell, singing s club songs now)
Whereas with most other banks, it would be a lot less than 1p. £2 at 30%, which is about the most expensive overdraft rate you would find, works out at 0.17p per day.
Don’t think it’s even close to most
HSBC - 17.9%
Barclays - 75p, £1.50 or £3 per day depending on amount of overdraft and type of account
Lloyds & Halifax - 1p per £7 borrowed which works out at 66.6% APR
RBS & Natwest - 19.89%, some accounts have a lower rate of 14.89% but I think they have monthly fees
Santander - £1, £2, or £3 per day depending on amount of overdraft and type of account
TSB - 19.84% + £6 per month if your overdraft exceeds £35
Barclays is not free up to £1000, where did you get that info? It’s 75p a day up to £1000
Sorry, I was looking at the Premier account. Yes, for the normal account, it is 75p per day up to £1,000.
Tie-up between Starling and RBS announced today. Interesting to see Starling broadening their revenue sources away from customers directly and towards monetising their infrastructure
Now that Monzo’s big list is finished, what are the main differences/pros between the two? I’ve started on a few I know of below but it’s by no means comprehensive so please help me out!
Edit: Decided to update this as people post to try and make it easy for anyone else wondering. I’m not adding any planned or future features.
Starling
- Fee free foreign ATM withdrawals
- Better payee management
- Interest
- Incoming international payments
- Cash deposit at NatWest branches
- Business accounts
Monzo
- 3D Secure
- IFTTT integration
- Budgeting
- More open communication for future plans (and community forum)
- Freepost address for paying in cheques
Still waiting for incoming international payments on Monzo, so that’s a difference.