Monzo/Starling Banking/Revolut

englishpremier said:
That seems to be the trend, people getting excited about everything Monzo does. I've taken a look at my Monzo account and I still find Starling better. And use Revolut (sparingly) for some foreign payments. Just can't seem to trust Monzo, after they backtracked on foreign ATM withdrawal fees, then got into the business account market after claiming they never would, there are a few other niggling little things too. Then there is the fact that it is the most in debt, and least likely to make a profit of all these digital accounts. The funding won't keep coming forever. I wonder who's going to buy it up.
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I had starling before moving to Monzo, what do you find better about Starling?
 
LiE said:
I had starling before moving to Monzo, what do you find better about Starling?
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Mostly it was the first have a lot of the features that Monzo makes a fanfare about.

Currently though all my ATM withdrawals are abroad so I save a ton compared to the £200 limit with Monzo. FreeAgent integration (Monzo only added in July), Business accounts (Monzo still doesn't have them fully up and running), Euro account (Monzo doesn't have one). Interest on current balances (I don't keep money in my account for interest the rate is pitiful but it's still something, buys a beer or two)
 
englishpremier said:
Mostly it was the first have a lot of the features that Monzo makes a fanfare about.

Currently though all my ATM withdrawals are abroad so I save a ton compared to the £200 limit with Monzo. FreeAgent integration (Monzo only added in July), Business accounts (Monzo still doesn't have them fully up and running), Euro account (Monzo doesn't have one). Interest on current balances (I don't keep money in my account for interest the rate is pitiful but it's still something, buys a beer or two)
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Monzo was never meant to be an account for people who spend most of their time abroad though. There was no way they could continue to fund the high cost of overseas ATM withdrawals for such individuals.
 
I got a Halifax Clarity Card.

I have a revolut too but pitiful withdrawal amounts abroad plus people suggesting they are dodgy. I don't keep any cash with them long term. I put some on use it and then move the remaining back out.

Whats the best for cash withdrawals abroad? I'll use the Clarity card for everything else.
 
I'm looking for a € account that I can transfer some cash into now for next years (already booked) holidays in case the £ crashes in the next few weeks.

Have Revolut, but reluctant to leave anything in there for any period of time - is there a safer alternative?
 
Psycho Sonny said:
I got a Halifax Clarity Card.

I have a revolut too but pitiful withdrawal amounts abroad plus people suggesting they are dodgy. I don't keep any cash with them long term. I put some on use it and then move the remaining back out.

Whats the best for cash withdrawals abroad? I'll use the Clarity card for everything else.
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Why not use the clarity abroad? If you're away for say 2 weeks the level of interest is minute. Just saves hassle.

Or get a curve card and link the Clarity up to it.
 
Marvt74 said:
Why not use the clarity abroad? If you're away for say 2 weeks the level of interest is minute. Just saves hassle.

Or get a curve card and link the Clarity up to it.
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Yeah I guess it's the hassle of transferring whatever you took out that day every night and just in case there was IT issues at the banks.

Also the hassles of being 100% reliant on 1 card. What happens if it gets blocked or something?
 
Raymond Lin said:
Monzo or Starling, it is the Mastercard logo that you want to get the exchange rate.
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Starling has the better cash withdrawal limits is what I am hearing from others replies. This is all I am interested in as halifax clarity covers everything else plus this will be a backup card. Revolut will then be dropped to last resort card.
 
Psycho Sonny said:
Starling has the better cash withdrawal limits is what I am hearing from others replies. This is all I am interested in as halifax clarity covers everything else plus this will be a backup card. Revolut will then be dropped to last resort card.
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The problem with withdrawing cash from credit card is that interest begins that day, as opposed to the day of next statement.

If you are using MasterCard to maximise the value of the transfer rate then this interest completely blows that away. It is an emergency, not something I would do.

Get both Monzo and Starling, then you now have 2 daily withdrawal limits.
 
Raymond Lin said:
The problem with withdrawing cash from credit card is that interest begins that day, as opposed to the day of next statement.

If you are using MasterCard to maximise the value of the transfer rate then this interest completely blows that away. It is an emergency, not something I would do.

Get both Monzo and Starling, then you now have 2 daily withdrawal limits.
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Having to remember 3-4 different login details, withdrawal limits. I know how clarity works. I tend to pay in the same day I withdraw to stop interest. I think between the 3 clarity, starling and then revolut as a last resort I'll be sorted.

I just now need to make a stupid video of myself to get through starling security. Very unusual for a bank.
 
Psycho Sonny said:
Having to remember 3-4 different login details, withdrawal limits. I know how clarity works. I tend to pay in the same day I withdraw to stop interest. I think between the 3 clarity, starling and then revolut as a last resort I'll be sorted.

I just now need to make a stupid video of myself to get through starling security. Very unusual for a bank.
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I ditched Clarity in favour of Starling. Much less hassle IMO. I just keep a decent account balance in Starling then don't need to worry about moving money around very often. Everything is done via a fingerprint through the app so nice and easy.
 
Psycho Sonny said:
Having to remember 3-4 different login details, withdrawal limits. I know how clarity works. I tend to pay in the same day I withdraw to stop interest. I think between the 3 clarity, starling and then revolut as a last resort I'll be sorted.

I just now need to make a stupid video of myself to get through starling security. Very unusual for a bank.
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It's not really a problem, we are talking about quite a lot of cash here, not sure in what kind of holiday situation you will need that much cash on a daily basis.
 
Raymond Lin said:
It's not really a problem, we are talking about quite a lot of cash here, not sure in what kind of holiday situation you will need that much cash on a daily basis.
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It's easier to split bills as well as give away as gifts, etc.

I know it will be difficult to understand but in my culture gifting a relative like a brother/sister or a nephew/niece $200 would be seen as normal. Times that by multiple relatives then it is a lot of cash.

I've also had it the opposite way where I was gifted £200 when they came over here, etc. So it works both ways. Other gifts are also usually given along with the cash.
 
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