When Monzo are a bank we will just provide Personal banking or we will also provide Private banking to attract higher income customers?
We definitely wonāt be providing private banking 
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For those of us unfamiliar with the term āprivate bankingā, I assume itās a case of āif you havenāt heard of it, you canāt afford itā? 
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Correct 
I enquired not for meā¦I am not in that leagueā¦but to answer a question put to me by someone with a car worth more than my home 
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@Andy1 in most contexts itās just synonymous with āwealth managementā, which is exactly what it sounds like. The higher end of such providers seem to prefer āprivate banking servicesā as a term - at a guess because āwealthā is something of a faux pas.
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Yeah. Iāve got a job with a decent salary, but I wouldnāt say one got sufficient wealth to require someone to manage it.
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If one had lots of jewellery, property in England and Scotland, and lots of pet dogs and horses, one might. Pass me my coral card Philip I need to pay the window cleaner
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You could have a fortune and choose not to, probably because it interested you to handle it yourself.
Equally, you could earn a decent but modest salary for a career-life, and having judiciously put some aside decide āmanagingā it didnāt interest you, and sacrificing some of it to ensure decent growth or security was worth it for the value of your estate.
I imagine less-than-stupendous sums would be better-off invested āmanuallyā in a tracker fund for almost as little interaction, but itās a personal decision of course, and for some people it makes sense even for a ālife savingsā-sized sum.