What made you join Monzo?

(Matt ) #28

Hot Coral

(Harry) #29

The combo of instant notifications and the Hot Coral card…

(Ben) #30

Hot Coral piqued my interest.

The instant notifications sold me.

And just last week, I decided to switch as I can’t see any significant thing my legacy bank did better, overall.

(Peter Roberts) #31

Initially I saw my friend buy a drink using contactless from a vending machine at a tech conference in Brussels without worrying about foreign transaction fees!


Real-time banking. I had been wanting to switch from cash to contactless for day-to-day spending but was concerned I’d lose track of spending. Real-time banking was the solution to this.

(Simon) #33

Don’t really remember why I signed up 2 years ago but a big part of why I’m still a fan is my experience with card fraud.

Happened on my legacy bank where I didn’t realise for several weeks when my statement came through that several hundred pound was missing and took many weeks to get it all back.

Also happened on Monzo, I knew straight away due to the notification. I had my money back in less than an hour and a new card by the next day.

Legacy bank would have to do something truly spectacular to regain my trust

(Dave) #34

I joined out of curiosity and since then have learned a lot from this community and from Monzo. Some of the key features like instant notifications are not so important to me as I’ve always used a credit card for everyday spending, and my credit card has notifications and shows pending payments in the transaction list along with debited payments.

The ethics, ethos and transparency are very high up on my list of things for any bank, and will probably be the most important factor in me staying with Monzo (or otherwise). So far I am seeing good things.

I am tempted to say I would like to see Monzo savings accounts and maybe a credit card, but I am well aware that going down this route isn’t what Monzo is about and maybe in that respect Monzo isn’t for me.

That said, I will be watching who Monzo partner with very carefully for providing other financial services.


I joined as it’s genuinely a place that feels driven by it’s user-base rather than $£$£$, yes I know Monzo is out to make money, but along the way is taking genuine time to consider how to make it inclusive to the masses not the few.

It’s always been a big irritation for me, that those with money get more money (interest) and those with non get nothing but hurdles in the way to stop them reaching the point of being in a position to be on the right side of 0!

(Leon) #36

What you describe sounds a hell of a lot like a overdraft. As for Monzo not offering interest on credit balances it sounds like people are screwed both ways.


Not overdrafts, theres a whole lot more to staying right side of 0, better money management tools to stop you overspending, access to bank account with services rather than having to get prepaid card style premium accounts etc etc.

(Leon) #38

So that’s a overdraft is it not? Being the wrong size of 0 puts you to into minus figures which means you owe the bank money, so its a overdraft. So I say what it is then you come up with money management stuff.

(Richard Cook) #39

5 posts were split to a new topic: Removed Posts - 4/7/18

(Leon) #40

So Monzo must be your saviour then as there are no charges for withdrawls and stuff like that.

(Johan) #41

International usage and I like cutting edge technologies!
Also who uses branches anyway?

(system) #44

This topic is temporarily closed for 4 hours due to a large number of community flags.

(system) #45

This topic was automatically opened after 4 hours.

(Richard Cook) #48

Hey everyone, this thread got a little heated - so we’ve removed some posts. It’s now open for posting again.

As a reminder of our Code of Conduct, we avoid:

* Name-calling.
* Ad hominem attacks (criticising a poster personally, not their post).
* Responding to a post’s tone instead of its actual content.
* Replying in a confrontational manner when we see a post we think needs attention (use the flag feature to report it instead).


(Richard Cook) #50

I’ll drop you a message.


The whole instant notifications thing made budgeting so straightforward, and now I couldn’t imagine my day-to-day spend anywhere else.

(Kalinka (Pinky) ) #52

At this point in time I have opened my account because I am relocating from South Africa and Monzo provided a simple solution to open a UK bank account from SA which will be ready to use when I arrive in the UK. I had heard of difficulties others had gone through with opening accounts with traditional UK banks.