Testing out cash referrals 💵

[Peter_G]

@anon99435733

The time to push is now while the legacy banks are still behind. They are very aware of challenger banks like Monzo and are pushing to update their services. Every month the list of reasons to switch goes down as a Legacy bank adds a Monzo feature to their app and so on.

I understand where you’re coming from here, but I think you’re assuming that Monzo is standing still while the established banks catch up. I don’t think this is true - Tom puts it better than me:

@alexs

Barclays launched ‘freeze your card’ very recently, which is fine. There is a saying in ice hockey: ‘You’ve got to skate where the puck is going’. If you skate at the puck, it will have moved so far ahead by the time you get there that you’ll have missed it. Banks are looking at us. We are the puck.

From this post, for reference.