Excellent post.
Few things.
I despise BS like this. It’s not just the banking industry (broadband was particularly dreadful before the regulator got involved; still not great) too, but many others. It’s deceitful and disgusting. Presumably, and hopefully, Monzo doesn’t exploit this like other lenders do? I particularly like how Triodos lend money at the same flat rate to everyone who is eligible.
This element ties quite nicely into this thread on ethics, which is probably where much of this discussion would be better suited:
This made me chuckle. Any insight into why it’s always £12?