I’m not so sure anymore, for me. Monzo are doing some good stuff recently, and I think once they’ve got virtual cards linked to pots sorted, I’ll be locked into Monzo and probably find it very difficult to leave them. If they listen to the Simple refugees, and trickle some of those improvements for US customers into the U.K. app, then that will just cement them as the bank for me.
N26 has always been the bank after my own heart. Everything they’ve done in Europe has been precisely what I’ve wanted from a bank, and they have the interface I like the most. If they came back to the U.K., I’d switch back in a heart beat. But I don’t think even they could tempt me if Monzo deliver those aforementioned improvements, and I’ve every confidence they will at this point.
As it stands now though, for me, it’s absolutely a race between Monzo and Revolut. Revolut has more of what I want, but they’re not a bank. Monzo are well poised to surpass them in terms of what I’d prefer from my bank with Plus. Question is, who is gonna get there first. Three months ago I’d have said Revolut, no question. Monzo feel more in the game now.