kinda off topic, but made this spring to mind… 
Sorry, I just inadvertently deleted my response about current accounts being profitable.
The relevant passage from Anne’s book, posted again for clarity:
5 Likes
NatWest rewards is probably the best account there is in terms of getting money back. You’re effectively paid £3 a month if you just deposit £1.25k a month and have two dds going out
1 Like
£2 each dd i think
Curious if PayPal works.
When you add account and sortcode it creates a dormant direct debit.
Top up £10 by card.
Withdraw by Bacs.
Thinking about it, not sure it’s paid out by Bacs only collected? Ignore, it’s bed time 
Use Moneybox
I’d recommend Plum, or get a Currensea debit card (which funds itself by DD)
You can even use the Currensea card in the UK for a regular transaction. Doesn’t have to be outside the UK.
1 Like
The referral is only good if you’re going to be using it for FX transactions. Need to spend equivalent of £100 in 120 days
1 Like
Have sent you a DM.
I suspect the worry here is that you won’t have enough money in the account for when they come to collect so they want something in regular use or decent balance. I don’t see them offering a way around it.
1 Like
I pay for Monzo Premium. I like the included travel and phone insurance. I really like the live transaction feed into a Google spreadsheet. I like the white metal card, dammit.
I can only have it until October 2024, when I shall turn 71 [sob]
4 Likes
Is Premium barred at 70+ or is it just the insurance exclusions kick in?
1 Like
Wonder why there is an age restriction on Premium, maybe the travel insurance?
Definitely the travel insurance and concerns of mis-selling if one’s not eligible.
Absolutely travel insurance, most general policies have an upper age cap before they require a premium to be paid or alt insurance.
There’s probs no way to handle the extra premium to be charged within this service unlike others. The impact for monzo off this is likely minimal given the customer demographic.
Well, I can’t keep the account once I hit 71, in Nov 24, and I can see no reason for that except the insurance. And my health is such that I probably would have trouble getting affordable health insurance anywhere.
But it will have been a nice ride while it lasted 
1 Like
Does Nationwide still allow an age–premium for its packaged insurance for those over the age limit? You might try there…
I don’t want to leave Monzo and, as I said upthread, my age is starting to affect my health. I suspect affordable travel insurance would be hard to obtain on a commercial basis, and anyway, I wouldn’t be covered for pre-existing conditions on my current Monzo insurance.
1 Like