Hey everyone
I recently moved from AIB to Monzo IE as my main current account and I’m loving the Salary Sorter and Pots setup for budgeting. However, I still use my AIB Platinum CC as my primary spending card (mainly for the cashback benefits), so ideally I’d love Monzo to be my single view of all my finances.
A couple of questions for the community -
Is Open Banking / external account linking on the roadmap for Monzo Ireland? I know Monzo UK has the ability to connect external accounts and see them in Trends. Is this something Ireland users can expect, and is there any timeline?
Can you add a credit card to Monzo IE Trends? On Monzo UK it seems you can connect external bank accounts — does this extend to credit cards like an AIB Visa, or is it debit/current accounts only?
For context, I’m not looking to move money between them — just visibility of my AIB credit card transactions inside Monzo’s Trends so I can track all spending in one place.
Monzo Ireland only launched recently so I understand feature parity with the UK product takes time - just trying to understand what’s coming and when. Would love to hear if anyone has found a workaround in the meantime!
Well, I didn’t expect to be replying to my own post so soon, but here we are!
This morning, Monzo IE announced broader general availability along with the ability to connect external accounts — and yes, that includes credit cards! I’ve just linked my AIB Platinum Credit Card and can already see my transactions flowing into Trends. This is exactly what I was hoping for.
Genuinely excited about where Monzo IE is heading. Safe to say it’s now my one-stop financial hub.
I do wonder this whether it’s that they have to offer them to compete where they just don’t have to offer it here. Would also love some insight into this side of things thus why I brought it up originally
This got me thinking - looks like this offering is rooted in regulation. Under PSD2, an EU regulation 2015/2366/EU, which became law in IE since 2018, all banks are required to open thier APIs to licensed third parties (includes both Account Information and Payment Initiation Service Providers).
Intrestingly, that regulation forces banks to expose thier data but doesnot mandate building agrregation dashboards - so i guess , offering one is still Monzo’s product/competitive choice.
Little bit of digging, even traditional banks like AIB, PTSB in ireland proivide this open banking AISP capabilities … just burried deep in thier platforms Given its market standard here, Monzo really had to include it to be on par ?
Anyways, Love what Monzo is doing - finally a disruptor in town.
We are under PSD2 and do have open banking on near all platforms available here, it’s just monzo charge UK users to view other banks within the app, and also to have virtual cards.
Given its market standard here, Monzo really had to include it to be on par ?