Is there any information about account and transaction privacy? With US accounts being made with a partner US bank, I can’t help but be concerned as now there’ll be another party privy to my financial information. While Monzo seems trustworthy enough, what guarantees will I have that I’m not still being tracked and having information compiled and sold by a partner bank?
This is reminiscent of the forthcoming Apple Card and their partnership with Goldman Sachs. From their site:
“Of course, Goldman Sachs will use your data to operate Apple Card. But they will never share or sell your data to third parties for marketing or advertising.”
So they offer at least some guarantee of privacy. Can Monzo do the same? Better off waiting until they become their own US bank?