I don’t tend to pay people I don’t know 
I guess it’s useful in that sense, but it would be a very rare occurrence.
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I agree - I think I said the same when Monzo launched theirs.
There were a number of people who said that they often needed to take payment, or pay someone, but they didn’t want to hand over any details.
I guess it’s a quicker, more private monzo.me/settle up.
Each to their own, it’d be interesting to see Monzo’s stats on this (how often nearby is used etc…)
I thought the same, I’d never use it. Then the other day someone bought something for me from the shops at work and I didn’t have them as a contact but we both have monzo. It worked a charm, was super quick and very useful. Features are good features when you dont know you need them until you do.
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Funnily enough, I’m finding I have less contacts of the people I know, because I communicate with them through social media channels.
I reckon this is probably quite common.
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I know security would be a concern but if it worked with Monzo running in the background it would be more useful but at the moment you have to know the other person has Monzo and then get them to open their app. I guess I might use this feature at some point in the future but I think there are much more valuable/useful features that could have been delivered instead of this
Anyone have any idea why Starling’s customer deposits are substantially higher than monzo’s? (£100M versus £70M) despite it’s customer base being a fraction of Monzo’s? (200k vs 900k).
thanks
are you looking for facts or guesses?
both 
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A guess: Starling are counting business accounts, and they will naturally hold more deposit for future VAT bills and the like.
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a guess - Monzo prepaid accounts as opposed to Starling current accounts ?
another guess
obfuscation of time periods being talked about ?? or comparing like with like ? hmmmm
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I liked your comment, but that report with £900 deposit is for 2016-2017 - business accounts weren’t around then I’m sure.
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A guess: Anne puts her wages in and gets paid a lot which boosts the average 
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I thought the £900 deposit thing was something Anne said and not in the report?
I just looked at a comment above where someone took out the key points from the report … I think 
edit, you’re right it was from the ceo letter.
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I don’t know where these figures are being plucked from - the financial report for 2016-17 had customer deposits of some £18 million and 40,000 ish customers - £450 per account average , Monzo at £150 average were for a prepaid card, Monzo current accounts didn’t rollout until July 2017 - is like comparing apples and oranges as the same thing
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These figures are all a bit pointless in my opinion.
I did do a bit of my own (rough and dirty) analysis earlier, which had much closer figures:
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Just how I like it.
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I think FT did some better workings …
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lol really meaningless - if there are 200 customers with a quid in their account and one customer with £85K the average account holding has £423 … 
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