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TheBA
7th October 2016, 15:52
Just noticed they now have an android app so looking at it again. However, I still can't figure out, apart from fx rates, why it is or will be any better than using my bank.

https://monzo.com/

Is anyone using them?

eek
7th October 2016, 16:31
Just noticed they now have an android app so looking at it again. However, I still can't figure out, apart from fx rates, why it is or will be any better than using my bank.

https://monzo.com/

Is anyone using them?

They have a very good app which instantly categorizes what you've spent money on.

And a fx exchange rate for cash machine withdrawals that will never be matched...

MrMarkyMark
7th October 2016, 16:36
They have a very good app which instantly categorizes what you've spent money on.

And a fx exchange rate for cash machine withdrawals that will never be matched...

Is that just in the UK, eek?

missinggreenfields
7th October 2016, 16:43
Just noticed they now have an android app so looking at it again. However, I still can't figure out, apart from fx rates, why it is or will be any better than using my bank.

https://monzo.com/

Is anyone using them?

FAQ - "our Authorisation is currently restricted, meaning we can't yet offer full bank accounts." At the moment it's prepaid debit cards only, so no bank account until next year at the earliest.

eek
7th October 2016, 16:56
FAQ - "our Authorisation is currently restricted, meaning we can't yet offer full bank accounts." At the moment it's prepaid debit cards only, so no bank account until next year at the earliest.

That's slightly out of date I believe.

As for the previous question no happily used them in turkey last week...

missinggreenfields
7th October 2016, 16:57
That's slightly out of date I believe.

As for the previous question no happily used them in turkey last week...

I'll take your word for it - it's what their website says. You'd have thought that they could have done a press release or updated the website if they were now able to offer bank accounts - it's kind of important in a bank, one would presume.

MrMarkyMark
7th October 2016, 16:58
That's slightly out of date I believe.

As for the previous question no happily used them in turkey last week...

Sounds good, if you are away a lot then, thanks :smile

eek
7th October 2016, 17:36
I'll take your word for it - it's what their website says. You'd have thought that they could have done a press release or updated the website if they were now able to offer bank accounts - it's kind of important in a bank, one would presume.

I believe the difference is now that they could offer bank accounts but need to finish all the software off, previously they couldn't as they didn't have a banking licence

eek
7th October 2016, 17:38
Sounds good, if you are away a lot then, thanks :smile

It is. Going forward my travel cards will be
Monzo for cash withdrawals
Supercard for payments (as I can put that on a card)

TheBA
7th October 2016, 18:35
Looks like they have a restricted banking licence. Guess I'll have to wait in the queue, only 10,212 applications ahead of me! Could be worse 170 behind me

Spoiler
13th October 2016, 11:12
Snip

SimonMac
12th January 2018, 11:01
Bump,

Someone has just sent me an invite to Monzo, is it any cop?

TheFaQQer
12th January 2018, 11:06
Bump,

Someone has just sent me an invite to Monzo, is it any cop?

I had the prepaid card. I now have an account with them that I don't use.

HTH :D