New to the forum and comparing some of the new challenger banks offerings to determine where I should open my account? Monzo seems to have a lot of great features and positive reviews on their user experience.
I would love to get a sense of a few items:
If you had to name one Monzo feature or service that really makes the product stand out, what would it be?
If there is one Monzo feature or service that really disappoints you, what would you say it is?
Out of curiosity, are you older or younger than 30 years old? Male or female? Nothing to do with my decision, just want to get a sample sense of the customer demographic!
KYC process has a lot of room for improvement. Monzo won’t publish a list of the ID documents they accept (at least, not a full list of the country’s passports they accept AFAIK) and I had few colleagues bouncing between “video wasn’t clear” and “photo of ID wasn’t clear” rejection messages as if no previous attempts were stored so they couldn’t combine the two submissions…
Cheque processing is still a bit legacy, shame it’ll take until 2019 to sort it (curious as to why it’ll take so long - is it just engineering time?).
Best?
Customer service - all day long (recent arrival)
Worst?
Won’t be going there.
This app is gathering pace and, by the time the Big List has been revisited, it’ll be a different prospect altogether. Many of the promised features will be in place - the essence for me will be about catching up on basic refinements.
There won’t be a need to rush features out. They can come out fully-formed, even if I need to wait a bit (but that’s me).
Best for me is the built in budgeting closely followed by pots.
Worst has been waiting for the built in budgeting to work, monzo.me (which is great) broke it a couple years ago and it’s only just been fixed. Now I can’t really fault it though.