Monzo/Starling Banking/Revolut

Bald-Eagle22 · 27 Oct 2023 at 05:57

So I’m goi g to Thailand next year again and was wondering wich of these new style banks might be of use to me .

Anyone know the cost of using an ATM in Thailand with Sterling or Chase ?

Martynt74 · 27 Oct 2023 at 08:12

Dissapointed that Money Dashboard is shutting down. It was a great platform, but ultimately if they've been unable to monetise it then it was always a tough prospect. Glad i didn't stick any money into the Crowdcube investment they did.

dlockers · 27 Oct 2023 at 08:34

Martynt74 said:
Dissapointed that Money Dashboard is shutting down. It was a great platform, but ultimately if they've been unable to monetise it then it was always a tough prospect. Glad i didn't stick any money into the Crowdcube investment they did.

I thought it was just one of the products? Not the actual main thing?

Martynt74 · 27 Oct 2023 at 08:35

dlockers said:
I thought it was just one of the products? Not the actual main thing?

I saw it was both Classic and Neon so not sure what else there is?

Although it is odd that i've had emails, but there's nothing on their web page as you log in, so maybe i've misread it.

Martynt74 · 27 Oct 2023 at 08:37

Martynt74 said:
I saw it was both Classic and Neon so not sure what else there is?

Although it is odd that i've had emails, but there's nothing on their web page as you log in, so maybe i've misread it.

Money Dashboard closing - what are the alternatives? - Be Clever With Your Cash

Money Dashboard is closing its Neon and Classic budgeting apps on 31 October 2023, here's everything you need to know and other apps to try.

becleverwithyourcash.com

That seems to suggest everything, but then it's weird there's no warnings all over the login screen

dlockers · 27 Oct 2023 at 08:56

The fact they kept saying "Neon and Classic", as in, to be specific about what was closing is what threw me. If it's just closing, no need to explain more detail surely?

Martynt74 · 27 Oct 2023 at 09:01

Yeah. Seems they're keeping some B2B activities, although i'm not too sure what benefit that would drive for anyone!

engee · 27 Oct 2023 at 13:38

Bald-Eagle22 said:
So I’m goi g to Thailand next year again and was wondering wich of these new style banks might be of use to me .

Anyone know the cost of using an ATM in Thailand with Sterling or Chase ?

here you go

Starling Customer Service

Our help centre is full of FAQs covering many different topics, so you can get the answers you need straight away.

help.starlingbank.com

Martynt74 · 1 Nov 2023 at 07:38

dlockers said:
The fact they kept saying "Neon and Classic", as in, to be specific about what was closing is what threw me. If it's just closing, no need to explain more detail surely?

Hmmm maybe i misread as it's still there!

Efour · 1 Nov 2023 at 07:49

Good morning,

Any New York/USA travellers got experiences with revolut.

Any issues?

dlockers · 1 Nov 2023 at 07:53

Efour said:
Good morning,

Any New York/USA travellers got experiences with revolut.

Any issues?

Yeah it's fine (y).

Edit: try and convert a bunch before hand to avoid hidden weekend fees

Gammawolf · 1 Nov 2023 at 09:39

Martynt74 said:
Dissapointed that Money Dashboard is shutting down. It was a great platform, but ultimately if they've been unable to monetise it then it was always a tough prospect. Glad i didn't stick any money into the Crowdcube investment they did.

I used to use money dashboard for years, but at the start of this year ended up just switching my main account to Monzo and getting most of what money dashboard was giving me out of just the native app. I'm assuming the value they provided is now just provided natively by most bank apps.

LeeUK · 1 Nov 2023 at 11:16

Got a nice chunk of interest from Starling this morning since they put the interest rate up to 3.75% on the 1st Oct. :cool:

Shadowness · 1 Nov 2023 at 11:22

Yes noticed that too!!

jeffk · 1 Nov 2023 at 14:09

£9.80! I’m rich.

mid_gen · 1 Nov 2023 at 14:22

Yeah I was a bit surprised.... Not that I have loads in my current account, but it was still more than Ive earned on a savings account in the last decade

D3K · 1 Nov 2023 at 14:26

Yeah these rates are great but the tax payable is gonna be a pain in the ass from a paperwork perspective. Does this need self-assessment?

jeffk · 1 Nov 2023 at 14:53

D3K said:
Yeah these rates are great but the tax payable is gonna be a pain in the ass from a paperwork perspective. Does this need self-assessment?

Unless you’re in the 45% tax band (and thus filling in a self-assessment form already) you can earn at least £500 in savings interest tax free. If you’re a basic rate tax payer, it’s at least £1,000.

Stu999 · 1 Nov 2023 at 17:53

mid_gen said:
Yeah I was a bit surprised.... Not that I have loads in my current account, but it was still more than Ive earned on a savings account in the last decade

Same, I think it's the most interest I've earned ever (£13.58). Even in the recent past Starling was giving me about 70p per month.

dlockers · 1 Nov 2023 at 18:11

jeffk said:
Unless you’re in the 45% tax band (and thus filling in a self-assessment form already) you can earn at least £500 in savings interest tax free. If you’re a basic rate tax payer, it’s at least £1,000.

Even in 40% bracket it needs to be declared as income and could see you lose your personal allowance. It's a grey area I'm chancing by not declaring interest but reckon they'll give me a call soon enough.