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Monzo/Starling Banking/Revolut

Discussion in 'General Discussion' started by JunglistE, Aug 4, 2017.

  1. JunglistE

    Mobster

    Joined: Jun 11, 2015

    Posts: 3,699

    Location: Bristol

    Did a search but couldn’t see an actual thread for anything Monzo related (outside of travel pre-paid card recommendations). It seems they’re now rolling out current accounts so I was just looking to see if anyone on here, who uses them, has been given a current account yet?



    I’ve applied for one but god knows if I’ll be picked. I love my Monzo card (even though there is an outage as I type this) and it has really helped me save money the last few months. As soon as I can do all my banking via Monzo I think I will.
     
  2. [FnG]magnolia

    Pancake

    Joined: Aug 29, 2007

    Posts: 25,622

    Location: Auckland

    It's a tracker by another name. There are many others and whilst I'm not familiar with it, the idea is sound. Does this come with financial advice, planning etc or is it just something you put on your phone?
     
  3. JunglistE

    Mobster

    Joined: Jun 11, 2015

    Posts: 3,699

    Location: Bristol

    It's more of a pre-paid card (at the moment) that with the use of a phone app you can track what you've spent and where. It also instantly debits from your account (unlike Natwest where it can take 24 hours) which makes keeping track of money much easier. You can also set yourself budgets and shows you how you're doing

    Also nice if you go on holiday lots you don't have to worry about charges aborad when withdrawing money.

    Does a lot more too, i'm a rubbish sales person.
     
  4. [FnG]magnolia

    Pancake

    Joined: Aug 29, 2007

    Posts: 25,622

    Location: Auckland

    In that case I've completely misunderstood their website (which is a worry given the industry I'm in!)

    You can safely ignore my comments :)
     
  5. LiE

    Capodecina

    Joined: Aug 2, 2005

    Posts: 18,368

    Location: Milton Keynes

    I read current accounts won't be rolled out fully until next year.

    The main sticking point for me at the moment is I need a joint account.
     
  6. Vanquish-Storm

    Mobster

    Joined: Apr 22, 2009

    Posts: 2,910

    Location: North-West

    I am an investor in Monzo but we won't be getting current accounts until after a beta wave of none investors.

    I actually use Starling myself which is a similar concept but is a live current account now.

    I used both Monzo and Starling in Thailand with no issues and no fees, I have used Monzo as the top up card all over Europe with no issues.

    They both have great customer support which is something lacking in old school banks I have found over the last few weeks.
     
  7. Maccy

    Commissario

    Joined: Nov 23, 2004

    Posts: 34,899

    Location: Back in Blighty

    They've had a few issues recently with outages, just had an email apologising for their issues actually.
    OP I have a golden ticket to fast track you if you'd like it.
     
  8. Pez

    Mobster

    Joined: Oct 20, 2002

    Posts: 4,845

    Location: Warwickshire

    Is there a golden ticket type arrangement for the prepay card?, if so, does anyone have one they mind sharing? :)
     
  9. Diddums

    Capodecina

    Joined: Oct 24, 2012

    Posts: 17,698

    Location: London

    Loads of copy & paste startups in the financial industry. Here in the square mile the tube stations have a new one advertising in them every other week. I have very little faith in them and wouldn't touch them with a barge pole until they've been around for a few years at least.
     
  10. Glaucus

    Man of Honour

    Joined: Mar 11, 2004

    Posts: 76,657

    Love my monzo card I use it for everyday spending. Been waiting for them to roll out current account, but haven't been notified that they're taking registrations.
     
  11. Marvt74

    Capodecina

    Joined: Feb 20, 2004

    Posts: 12,033

    Location: Chorley

    I'm quite a big fan of Money Dashboard (Which i've backed for a small amount) and Curve Card. Although i agree there's something new popping up every other week it seems.
     
  12. Maccy

    Commissario

    Joined: Nov 23, 2004

    Posts: 34,899

    Location: Back in Blighty

    They'll be opening it up more in September and hope to have it available to everyone by November.
     
  13. FirebarUK

    Soldato

    Joined: Dec 9, 2004

    Posts: 5,539

    Location: Dorset

    I'm a big fan of Revolut (https://www.revolut.com/). Has had current account for a while. As soon as Moneydashboard.com supports Revolut, may well make it my default. As a premium member you get some nifty benefits too.
     
  14. JunglistE

    Mobster

    Joined: Jun 11, 2015

    Posts: 3,699

    Location: Bristol

    Yeah issues are still going on but my card has been working fine. Sorry for the confusion, I've been using Monzo for a few months. Just signed up to the current account list this morning

    I do. But you'd need to trust me your mobile number

    If you go to the 'help' section on the bottom and then scroll down to the bottom of that part you can sign up for a Current Account card.
     
  15. Glaucus

    Man of Honour

    Joined: Mar 11, 2004

    Posts: 76,657

    Thanks just get an error page at the moment, not that I'm in a major rush. Been using it for almost a year now and the app is great, so much easier to keep tabs on spending and what I have left. Especially helpful with stupid 4 weekly pay.
     
  16. Tefal

    Capo Crimine

    Joined: Jun 30, 2007

    Posts: 66,441

    Location: Wales

    I've got the app an invite etc but I cha depositing the 100 quid or whatever on a silly prepaid card jist wiaitng for it to become a real bank account.



    a friend is actually working on thier project for becoming a proper account.

    but prepaid cards are just a faff atm is rather use my tesco credit card and get points
     
  17. JunglistE

    Mobster

    Joined: Jun 11, 2015

    Posts: 3,699

    Location: Bristol

    I don't find Monzo a faff at all. To top up my cards takes no time at all and is done instantly and makes budgetting super easy. If anything it has made Natwest and Barclays both look like amatuer hour with their apps.
     
  18. Vanquish-Storm

    Mobster

    Joined: Apr 22, 2009

    Posts: 2,910

    Location: North-West

    I think Monzo were hoping to be one of a batch of these up starts to to be first to scene but they were pipped by Starling.

    I have invites to both if anyone is interested.
     
  19. Marvt74

    Capodecina

    Joined: Feb 20, 2004

    Posts: 12,033

    Location: Chorley

    Is that like Curve Card?
     
  20. JunglistE

    Mobster

    Joined: Jun 11, 2015

    Posts: 3,699

    Location: Bristol

    Starling looks quite nice actually, from a UI perspective. How do the two compare? Would you ever use Starling over a traditional bank?