What would make Monzo the perfect banking experience?

Looking at the latest annual report, I think that Monzo could do with encouraging folk to use their accounts as their primary ones. So, things like the list below (I know they’re mostly not original) might be commercially sensible, even if it’s giving folk something for nothing:

  • Enhanced interest rate on roundups (encourages primary card use) - a bit like Chase does
  • Cashback on direct debits / bills - a bit like Santander does/did
  • Return of the (small) interest free buffer for overdrafts - like Monzo used to do
  • Some Plus features (or a new lower tier) for free when you have x direct debits (e.g. ability to connect credit cards only or you can see Trends graphs when you pay bills through Monzo)
  • Interest on pots (or even main balance), even if you’re not Plus/Premium (0.5pc would be competitive and still generate a profit)

Then on other financial features:

  • I’d be keen on a physical Flex card (maybe for paid customers) that defaults to paying off monthly unless you Flex things. Maybe that’s just a Monzo credit card?
  • Additional physical debit cards available for a fee (profit alert) that can be linked to pots.

And then in the app:

  • Temper the religion of user research. It’s important, but only when you have a plan. Saying “we don’t have the data” or “users don’t want it” as an excuse not to complete things is lazy.
  • Fix the swipe down gesture for the Accounts screen. It’s not accessible. Whack it on a tab down the bottom already.
  • Fix the velocity. As far as I can see the former product person came in, made a splash, said that Monzo was delivering faster and better, then left. Maybe it’s all going on technical debt, but just focus and finish Trends, think budgeting and kill Summary etc etc. Less self promotion, more optimisation please.

Love the 5, and all the other bits and bobs.
I’d add to relax credit rating on folks! Help them build a better credit. No other bank would have touched me many years ago, but Monzo did.

I really disagree with this. It’s not just about ‘x wants this so we’ll add it’, it’s also about how that thing works, where it is, how customisable it is, how can we make sure users have the info the need to use it and customer care can help them with it if it doesn’t work’ etc.

Even the simplest additions make the product more complex. Even if it makes it better for a few users, it could make it worse for others.

I think things should only ever be added to an app that 6 million people use after extensive user research really.


That’s not quite my point.

I’m not arguing to hell with user research and throw everything into the app.

I am arguing that marginal improvements that are necessary, usually because a new feature has been released but never finished, should be prioritised, even when there is no direct evidence that they should be prioritised. Put another way, I would like Monzo to make the climate, not respond to the weather.


Cash back etc I don’t see Monzo offering while they aren’t making a profit.

Give the joint account some love would be my no1 request.


18 posts were split to a new topic: Merits and mechanics of a joint account

Getting rid of the current carousel Home Screen layout and refining the main page UI will do it for me


Cheque scanning (I’m a football referee so often get cheques from clubs).

The ability to hide or opt-out of the upgrade prompts. I’ve chosen my Monzo level (Plus) and don’t need to be advised to upgrade every time I look at the app. I know premium exists.


I think a few things for me.

Cashback, both on bills and on purchases, the latter offers that actually change and rotate.

Budget and summary actually merging into one and a slowdown of features. Only putting them in when they’re actually finished.

Oh and metal cards as an optional purchase, I would love that option. I miss mine.

EDIT: I forgot about pan device support. A proper iPad app and ability to login into both at the same time

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Oops. Typo sorted. That tall London building haz no pots…

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With N26 does all the money, or all the liability belong to everyone using the account?

In Revolut the money legally belongs to one person, no matter who put it in the Group Vault.

Edit: Sorry, written whilst on the tube and posted without seeing the replies above.

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So the inevitable next question is: Can the ‘owner’ withdraw Power of Attorney and keep all the money?

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Slight de-rail, along with pot-to-pot transfers the feature request for Plus/Premium for Joint Accounts now has the most ‘joint’ (!) votes, out-voted overall only by Dark mode - which has been implemented.

Come on :monzo:


Cash back on transactions is just giving money away in a regulated interchange environment, if Liz Truss gets in, it might get get unregulated and banks might be tempted to pass it on, can’t see it otherwise unless you’re cash rich like JP Morgan.

As for getting rid of User Research, ha, do me a favour, it’s super useful, helps you build good product, and stops you just building for your noisest users on a forum

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Please discuss the merits of joint accounts over here:



I’m not sure that folk are being big picture enough here. It’s basic economics: if some cashback leads to greater revenues overall, and still a profit cut on those greater revenues, then it is economically rational for the business. It’s a route to grow profits, not a free money free for all.

No one suggested getting rid of user research. Go back and read what I said!


Cheque imaging and the ability to use Post Offices for cash/cheques


The only thing I would like is images on payees and better merchant images that get processed.


On Post Offices, would free PayPoint be acceptable? What if it was also chargeable at the Post Office?

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PayPoint doesn’t work well enough. I’d accept a post office charge.