Vertical Card Discussion (All Banks) 💳

Feathers · 21 August 2018 18:15

Is that really any more than an expensive gimmick?

ReaVer · 21 August 2018 18:32

If Monzo did it I’d snatch it right up and I’m sure a few others would to.

Wernah · 22 August 2018 00:25

Thanks Harry

Here’s a sneak peek at our thinking with a landscape pay variation:

Rat_au_van · 22 August 2018 00:38

What’s banking like in Australia? Is it the same punitive charges and user unfriendly apps that the U.K has suffered through?

Wernah · 22 August 2018 03:19

haha we’re calling it salmon

mhozza · 22 August 2018 08:07

card-01
This is how a vertical card from new Slovak 365.bank looks like.

Feathers · 22 August 2018 08:28

Now that I like.

nickh · 22 August 2018 08:32

Still a very minor gripe, but for anyone who has a vertical wallet, I’d hazard a guess that they put the chip side in first.

That makes most of the vertical cards “upside down” in the wallet - Not a biggie, just a little annoying.

Jackcrwhitney · 22 August 2018 10:36

I like the green edge.

harryru · 22 August 2018 12:28

From my experience over the last few months, there’s a few differences between the Australian and the UK… I’ll try and sum up as best I can!

There is a lot less competition in Aus, well it seems like there has been up until recently. There’s more and more upcoming “challenger” banks here, and even known names such as ING have a pretty good offering at the moment (offering 2.8% on savings, a round up feature, zero international fees and a decent app)
I’ve had experience with the CommBank, ANZ, ING and Westpac apps, they are all pretty good and give an overall better experience than some of the legacy tripe in the UK!
Bank transfers are a lot more advanced in the UK, Australia has only just started offering a faster payment method, last year it took 1-2 days for your money to be transferred across!
Contactless over here is rife, the limit is $100 and I have barely used my pin since I got here. The adoption of mobile payments is slow but is building, 3 out of the 4 big banks here don’t even offer Apple Pay due to a 3 year (!) dispute with Apple over fees but I’ve heard we may be coming out of the other side due to more and more challenger banks offering all mobile payment options.
People generally don’t switch bank accounts all that often in Aus from what I’ve seen so far, there isn’t CASS and you never see a “switching incentive”.
Last point on fees, most banks here charge you for having an account with them but it feels like that is slowly disappearing too. You also used to be charged to use another banks ATM but that ended earlier in the year. I can’t comment on any other fees, unfortunately!

That’s all I can think off of the top of my head right now, overall it’s pretty similar but there is a lot less noise around FinTech here.

harryru · 27 August 2018 10:23

It’s arrived! Love the categories on the app, my card doesn’t look the same as that in Apple Pay though!

Rat_au_van · 27 August 2018 10:27

Adult services?

Those categories are pretty comprehensive

harryru · 27 August 2018 10:28

I know, made me laugh

Peter_G · 27 August 2018 10:29

Looking good @harryru, but where’s that from?

(It looks like N26, with maybe a splash of Starling teal. Smart though).

harryru · 27 August 2018 10:31

It’s from “Up” an Australian neobank, if you look up the thread there’s a few pics of their card etc

Peter_G · 27 August 2018 10:32

Duh. Of course. Thanks!

(Slow morning)

Wernah · 27 August 2018 10:45

We update often, new apple artwork should be out in the next couple of weeks

harryru · 27 August 2018 10:46

Thanks Daniel! Looking forward to using it

nickh · 11 October 2018 14:00

So… Do we think this is a new Monzo card?

Could it be vertical??

glasgow · 11 October 2018 14:04

Virtual cards hopefully!