All of the known details, with references, can be found on the extremely helpful wiki that @alexs put together. That’s where I (very quickly!) found the two links above.
I am going travelling for 8+ months in 5 weeks time (got a monzo prepaid quite recently, specifically for this trip!). Will I receive my current account card before I head off, and if not, will my pre paid card work for the duration of my trip?
Ever tried to fuel to the penny nowadays?
Quite an art
Not if you use one the of the pumps with the price/volume pre-selector.
I wouldn’t rely on it
“Over the next eight weeks we’re going to invite all existing Monzo users to upgrade to a current account, after which we’ll open signups to totally new users.”
Ah. Thought those only worked in 10p units, though my local service station doesn’t over that facility.
Very useful when not filling your tank, I agree.
As recommended by Monzo, I would take a back-up card just in case the coral doesn’t work.
I will transfer over to current account from prepaid when the time comes and use alongside my Starling account to see how it goes.
I only use this card abroad. And for two reasons: Free atm withdrawals and ease of topping up ( one click in the app). Will this change?
The ‘free’ ATM withdrawals will be coming to an end, although it looks there will be a £200 limit before any charges, see here: ATM Fees Abroad: Asking the Monzo Community to decide pricing
And the top-up feature will make an appearance, hopefully, by years end
I knew it was too good to be true. Thanks for the info
Just as well I have just received my new revolute card. The last thing we want or need is another back account. Monzo is joining the establishment
Monzo is doing what they set out to do on day 1. The prepaid card was always a limited time item until their banking license was granted which happened a few months ago.
Not everyone understood what they were buying into, I think, but if the prepaid card was useful while it lasted, I guess there’s no harm done.
The funny thing about these threads is that it shows who are are the genuine loyal users who believe in Monzo and what they are trying to achieve and those that are just cheapskates looking to score some free money as it were.
I like to call them rabid lunatics.
Believe in what exactly? In the end of the day it’s a business. You’d be surprised most people are “cheapskates” as you call them. It was advertised as a major feature on moneysaving sites, so what do you expect?
thats harsh and i object to that language used.
I guess the expectation was a little bit of product research before acquisition rather than assuming that a money saving web site was gospel truth.
I don’t think anyone is begrudging those who’ve used the card to full advantage, what is slighly annoying them are those who seem gobsmacked that the card is disappearing in favour of a Current Account when this has been the very public policy of the bank for the last 18 months (since before the prepaid card was launched).
It is great you are now starting the feature parity between prepaid and CA. But is there still work in progress to refine the banking functionality? At the moment it feels like payments and standing orders are still tactical solutions and not yet ready for the mainstream user. Will these also be addressed before the rollout or will what we have now be the day 1 launch?
My concern for you is you will be inundated with queries and questions from new users trying to understand where standard features are that current accounts offer.
It depends how you use the card?
“free” withdrawals will be coming to an end in 2 months where you will be charged cost when withdrawing abroad. POS transactions will always be free and at MasterCard Exchange rate