I was under the impression that Which review whatever, no fees are passed from any retailer for this bit.
What they can and do charge for is the ability for a retailer to use the Which recommended / finalist / winner etc etc branded label to advertise the fact that they won something.
Not the last time we checked for our clients. You pay to become a “member” and you also pay for the licence to use the awards branding. So as soon as it expires you no longer have permission to use it.
It was a while ago, but if I get time later I’ll have a Google to see if anything has changed but afaik it hasn’t because this is their entire business model.
Pay us and we’ll review your products / services because people trust us.
Just to say Monzo was not in the awards for this because they are excluded for evaluation because they are not signed up to the full push scam refund scheme.
It’ll be good if they do finally get it over the line, they seem to be pretty quick with adding things normally but this has been “coming soon” for a very long time!
Obviously the opinions in this thread about how needed/worthwhile it is will soon change once Starling to do it too.
I’m kinda, at the moment, ok with them not having that feature, as it stops me having to make an actual decision on Monzo, Starling or (now) Chase.
If/when Starling introduce that feature, that’s pretty much the only outstanding differentiator between them (apart from the Chase temporary cashback offer).
Starling by far still offers the best proposition in my opinion. I thought Chase would be launching with a ‘full service’ and thought it might be a tempting switch but not just yet.
Based on the fact that I’ve never heard bill pots mentioned outside this forum, but have seen the contactless increase covered multiple times in the media, I’m going to guess Starling picked correctly.
Someone on here the other day was requesting account numbers on Pots to be able to pay in directly. That’s essentially just having two current accounts then, something every other bank has offered for years.
Not really – you can often pay directly into savings accounts. What makes something a current account is being able to make payments directly from it, set up direct debits on it, have a debit card, etc. So paying directly into pots would fit very much with the concept of them. (Whether it’s a worthwhile or much demanded feature is a different discussion!)
The point was, with bills pots, virtual cards attached to pots, scheduled payments in and out, and then requesting being able to deposit directly into them – some people here want to evolve pots so much they essentially become second current accounts, whilst all the while maintaining that pots are somehow unique and the concept is unavailable at any other bank.
At what point do the functions of pots loop back round so far that Monzo evolve them into ‘normal’ accounts and they lose their uniqueness?
This is a really good feature from Starling. I’ve always been uncomfortable with unauthenticated contactless - particularly since Apple Pay became available. The ability to hobble or reduce the limit on the card without impacting Apple Pay transactions would be welcome.
I have seriously considered attempting to damage the contactless interface on the card for this very reason - only put off by the risk it might be rejected in terminals or ATMs.