📰 Which is the biggest challenger bank in the UK? - Verdict

[alexs (Alex Sherwood)]

@anon51254139

That’s comparing two different things; a proposition built for deposits, and one that’s more accidental, or a consequence of getting a salary paid in.

Yes I understand that

@anon51254139

Although the figures are impressive (in terms of money spent and sent using Monzo), it does still beg the question of how is Monzo make a decent, sustainable return?

Lending deposits will get them closer to break even. While referral fees from the marketplace will earn them the real money.