Which? Have just published their overview of the challenger banks.
Aside from saying that Monzo has 200k users, it gives a pretty good summary of Monzo 
Edit - I spoke too soon
Also, Revolut is the only bank on this list to offer GPS security, so if someone uses your card to make a payment youāre told where the card is being spent so you can see any discrepancies.
(Monzo & Starling do this or at least, the equivalent too).
Itās worth being aware that if Monzo suspects any fraudulent activity on your card it charges a Ā£30 fee, but may refund this if youāve been the victim of a genuine fraud.
Whut? :o
That is a thing to be fair. Itās currently Monzoās only (potential) fee & itās listed in the Tās & Cās here.
Yeah, I know, itās one of the very few fees and I had seen it before. But what T&C say and what is written in the article is factually off. Fee when customer asks for investigation (thatās cost of investigation), not a fee applied by Monzo when Monzo āthinksā something fraudulent happens. 
That fee is not if Monzo suspects fraudulent activity, but if you chargeback a transaction and they decide not to waive the cost.
The only circumstance in which they would decide not to waive the cost is if you inappropriately raised the dispute.
This fee does not (currently) exist for the current account.
There is an error regarding the info for Monese.
They claim āYou can only make five free withdrawals from ATMs per month (it was previously 10) with a 50p for every withdrawal made thereafter.ā but this is rubbish. The current account offering is 10 free withdrawals a month, but was previously five. They got it the wrong way round.
sighs so it looks like Which really isnāt so good at itās job 
Yes but actually youāve just reminded me 
after I harassed them a bit on Twitter, to their credit, they did update all of the incorrect details in the article, including the point that Marta pointed out 
Iāve just started harassing them on Twitter! 
Interesting to see Starling pay interest.
I know what you mean (I think) but itās not exactly impressive / significant 
My guess is theyāve done that just to get themselves on the ācurrent accounts paying interestā lists, which seems to be working..
People are obsessed with interest rates - itās a social engineering trick really because you make people feel like their getting something for nothingā¦even if that something is only 24p!
Yeah, and they could put those savings on actual proper interest rates. I know that accessibility to funds is crucial and not all investment plans allow for flexibility, but I actually enjoy it - I canāt make any hasty decisions.
Obviously, investment is always a risk, Iām totally not an expert in this, but Iāve been putting monies into RateSetter and got probably double the interest and no stupid limits like 2% on up to Ā£1,000, then 0.5% on more money. Iām quite happy with it, despite some news about RateSetter problems (and points for them for extra transparency).
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