These are all great ideas but thatās just not the 1p challenge is it?
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You are ineligible for any of the prize draws (including the monthly ones) if you started your challenge on or after 1 February 2025.
Imho Monzo have done a very poor job in communicating whoās eligible for prize draws and who does or does not get interest on their savings in this challenge. That and over complicated something should by its very purpose is supposed to be very simpleā¦
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Too bad @gt94sss2, it would have been great to be in the draw too.
It is because if you look the challenge up online it has variations where you put a monthly amount away or reverse it. Thereās more than 1 way to skin a cat as they say and making saving accessible will encourage more people to do it.
Youāre always welcome to save in whatever manner you prefer.
Yes and I am making suggestions to Monzo on how I think it could be improved. Itās up to THEM if they take it on board. Not sure what youāve got to do with it.
This is a public forumā¦ Anyone can chip inā¦Monzo doesnāt need to do anything. Youāre welcome to save monthly or weekly or however much you like.
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Tbf the in-app challenge is their campaign to encourage people to sign up for their packaged accounts rather than a public service for anyoneās Saving Challenge Wishlist. People who can think ahead and set aside money are not the targeted audience. Thatās why they set up the 1p challenge how it originally is so you can only earn the lowest possible interest from the pot.
From a business point of view I donāt think theyād make any āimprovementsā to us users, apart from maybe letting us do the challenge in reverse next time due to popular demands.
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Wouldnāt be surprised if they had the challenge pulled from them for misuse if they repeatedly did it.
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Is the monthly prize draw going to be announced at midnight?
I believe the first one is at the end of February
Edit: My mistake, please ignore
No the first one is today actually. It says so if you tap on the Ā£100 monthly prize square thingy in the challenge screen.
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Hopefully someone on here wins Ā£100 
Gl.
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Just checked it hext draw is 3rd February for the Ā£100 monthly draw.
It wonāt draw automatically - I bet it will need to be triggered by someone at Monzo 
So probably waiting for them to get in & then see who wins!
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I wonder if any staff will post in here when theyāve done the draw?
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Looks like they have drawn it. When I click on the prize draw box it tells me I ādidnāt win this timeā.
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Iām not a winner this month either 
I do wonder if you win a monthly Ā£100 prize, do they take you out of the running for future prizes? (Imagine if the same person won two months in a rowā¦) If so do you think anyone would take their names out of the running for the monthly prizes, in hopes to win the Ā£10k at the end? (This would be silly as none of us here are likely to win anything, so reduce your already near-zero chances even further!)
I didnāt win either. Dammit 
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