Monzo Bank - anyone use it? - Contractor UK Bulletin Board

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TheFaQQer replied

12 January 2018, 11:06
Originally posted by SimonMac View Post

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
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SimonMac replied

12 January 2018, 11:01
Bump,

Someone has just sent me an invite to Monzo, is it any cop?
Leave a comment:
Spoiler replied

13 October 2016, 11:12
Snip

Last edited by Spoiler; 19 October 2016, 14:55. Reason: Removed monzo referral link - no longer needed
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TheBA replied

7 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
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eek replied

7 October 2016, 17:38
Originally posted by MrMarkyMark View Post

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

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

7 October 2016, 17:36
Originally posted by missinggreenfields View Post

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
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MrMarkyMark replied

7 October 2016, 16:58
Originally posted by eek View Post

That's slightly out of date I believe.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
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missinggreenfields replied

7 October 2016, 16:57
Originally posted by eek View Post

That's slightly out of date I believe.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.

Last edited by missinggreenfields; 7 October 2016, 16:59.
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eek replied

7 October 2016, 16:56
Originally posted by missinggreenfields View Post

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...
Leave a comment:
missinggreenfields replied

7 October 2016, 16:43
Originally posted by TheBA View Post

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.
Leave a comment:
MrMarkyMark replied

7 October 2016, 16:36
Originally posted by eek View Post

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?
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eek replied

7 October 2016, 16:31
Originally posted by TheBA View Post

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...
Leave a comment:
TheBA started a topic Monzo Bank - anyone use it?

7 October 2016, 15:52
Monzo Bank - anyone use it?

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?
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