Hey Louis! It’s all good! We love our investors. I think you may have jumped the gun a little bit here though!
This isn’t the launch of our full current account. We promised that investors would have early access to our full current account and we absolutely intend to honour that!
This is an early stage preview, an Alpha release, that we need to do in order to gather feedback and to test new functionality. It wouldn’t make sense to simply email investors, because not all of our investors will want to use the Alpha release in it’s current state and also some of them may not fit the criteria that we presently need. At this incredibly early stage, there’s a specific set of criteria that need to be filled in order for us to offer this build to anyone.
As mentioned in the blog post - a lot of functionality that will be present in the full current account release is currently missing - things like debit card top-ups, Monzo-to-Monzo payments, and monzo.me. Your transaction history from your prepaid account won’t be there and you’ll need to use a separate, current account specific app in the meantime. We also don’t have Investor cards ready yet and some folks will want to wait for them, or for some of these features.
This release isn’t for everyone. It’s for people who are happy to test things out, provide us detailed feedback if things go wrong, and help us get everything up to scratch. For logistical reasons, we also require that at this very early stage, users wishing to test this must have been a Monzo customer for 6 months, be a UK resident with most of their transactions in GBP, and be able to easily travel to our London office to attend this event.
We apologise if you feel misled, and I’m sure you know that we’re always happy to take constructive criticism on board, but it’s important that folks be clear about what this preview is, and also what it isn’t.