I know that this has been suggested a few times in the past, but I can’t see any posts from this year. Therefore, I thought it might be an idea to make a new post just to show that there is still support for this idea.
Virtual / Temporary Card Numbers are a facility offered by certain banks which, as the name suggests, allow the generation of a new virtual card which is tied to your account.
These can then be used to make purchases on sites and later be destroyed following the purchase - a particularly useful tool to have if you make a habit of chasing deals with some lesser-known online retailers.
Offering this through the Monzo service would make it even more competitive with other Challenger Banks who already offer this. One such bank is Revolut, with whom I would not have closed my account had I realised that Monzo doesn’t offer this facility, as I used it regularly.
On other threads, people have stated that they would be willing to pay for this service. I share that sentiment, but only if it was billed as a percentage of the amount transacted, for example. I can’t say I’d be willing to pay a subscription or even a flat fee per card generated.
Let me know your thoughts and if you think we might be seeing this come to Monzo in 2020!