I see a lot of accusations on twitter regarding Monzo doing very questionable things. I came across this thread today:
I think in general people fly off the handle pretty quick, and jump to radical conclusions without really thinking about what they are saying - I’m curious about what the truth is here. If there is any truth to these accusations I would be very concerned.
Cerberus
(There are no stupid questions, just stupid people.)
#2
I think you only need to read the comments on the tweet to realise this is some sort of arranged attack on Monzo. Not a single person asking for details of the alleged fraud. Instead someone was so disgusted they were “snapping” their Monzo card and another was cancelling because Monzo were “enabling a fraudster”.
I’m always a bit suspicious when I read things like this without knowing the circumstances. There have been examples on this community where someone alleges to be a victim of fraud - someone hacked my email, they hacked my phone, they transferred several thousand pounds but at no point did I get an email or a notification through the app all this was happening… Funny that I can’t even fart without Monzo sending me a notification.
And then it transpires they “lent a friend” their card and PIN but of course it is Monzo’s fault.
Especially when people comment “I’m snapping up my card right now this is disgusting Monzo” Sure the outcome isn’t what the person wanted but they were the ones that sent money to a fraudster?
To be honest Monzo shouldn’t really respond to them on Twitter beyond a basic response, and they’re limited by how much they can say anyway.
Instead of tweeting the customer should follow the complaint procedure, and ultimately contact the Ombudsman. Where Monzo’s decision may not or most likely will be upheld.
Yeah - this is what I don’t understand… I know this is far fetched but I previously thought it could be this crazy conspiracy theory where Revolut are setting up loads of social accounts to attack the reputation of other challenger banks. Very far fetched, but when I see things like twitter accounts only recently created, with 13 followers and getting decent engagement - with half the responders also only recently being created and having a few followers - it makes me laugh about it.
On mobile this link just directs me to a the Financial Ombudsman website. But I did google some decisions regarding Monzo - and I’m gobsmacked at the audacity of some people! Good lord there are some extremely entitled consumers out there who make the most asinine complaints! It’s outrageous. It makes me worried about ever starting my own business - because I know there are people out there who will start a witch-hunt over some completely ridiculous things that could be entirely out of my control.
Public Twitter is such a cesspit. Why bother looking at what other people think about any company you use, when you have to trawl through so much unverifiable mud-slinging.
It could be, but even if it is, it’s clear they are complaining about fraud in the weirdest way possible.
1. They’ve been a victim of fraud because they transferred money to someone who has a Monzo account. 2. They’ve complained to Monzo and not their own bank. 3. Of course Monzo aren’t able to refund them, the complainant isn’t their customer.
I have never, ever heard of any bank refunding someone who isn’t their customer in such circumstance.
Slight misreading of original. Still a weird focus of complaint, though. The fact that the alleged fraudster uses Monzo is irrelevant, and bank transfers are always done at own risk.
So either the original twitter is an idiot who doesn’t know how banks work, or they’re a bad actor who is deliberately manipulating the situation to make Monzo look bad through no fault of their own.
Yeah the wording of that tweet was very weird. I assumed the same as you to begin with
Paying by faster payments is risky which is why they have the disclaimer when paying someone new. “I have been the victim of fraud” is always going to be emotive if no context is given