Monzo/Starling Banking/Revolut

Danthus · 25 Aug 2020 at 00:54

Does anyone here use Flux or Tail? Are either of them worth bothering with?

PiKe · 25 Aug 2020 at 09:16

OldCoals said:
Does anyone here use Flux or Tail? Are either of them worth bothering with?

Very limited appeal it seems, why do they never do cashback at useful places like supermarkets?!

PiKe · 25 Aug 2020 at 13:52

Are there no cashback accounts currently? I'm on a 90day trial with curve at the moment, but I'm not paying 9.99 a month once thats over, I'd have to spend £999 a month just to break even!

Martynt74 · 25 Aug 2020 at 14:14

PiKe said:
Are there no cashback accounts currently? I'm on a 90day trial with curve at the moment, but I'm not paying 9.99 a month once thats over, I'd have to spend £999 a month just to break even!

I think the theory is that you also benefit from other stuff like travel insurance etc.

If you want purely cashback on spending you're best off with something like the Amex Platinum Everyday card.

PiKe · 25 Aug 2020 at 14:17

Marvt74 said:
I think the theory is that you also benefit from other stuff like travel insurance etc.

If you want purely cashback on spending you're best off with something like the Amex Platinum Everyday card.

I assume you can't add Amex to the basic Curve card?

Martynt74 · 25 Aug 2020 at 14:18

Sadly not. They scrapped that a while back.

If you don't want the best value but want convinience then just something like the Amazon Mastercard is probably the best option.

PiKe · 25 Aug 2020 at 14:21

So Amex is taken most places these days it seems, so I'd earn £5 in the first 3 months, then 0.5% as I spend less than £5k a month.

ROSSInHD · 1 Sep 2020 at 13:02

Just went for my couch to 5k running session and mapped it so my cool down started at the supermarket so I could buy lunch and walk home for my cooldown. I didnt take my phone but had my Apple Watch.

Starling on Apple Pay on the watch was declined in the supermarket but my HSBC on Apple Pay on the watch went through no issues. Just interested to hear if it is not possible to use Starling on Apple Watch with no phone connected to it or was it coincidence that it got declined?

No real issues just curious.

Joop · 1 Sep 2020 at 13:14

ROSSInHD said:
Just went for my couch to 5k running session and mapped it so my cool down started at the supermarket so I could buy lunch and walk home for my cooldown. I didnt take my phone but had my Apple Watch.

Starling on Apple Pay on the watch was declined in the supermarket but my HSBC on Apple Pay on the watch went through no issues. Just interested to hear if it is not possible to use Starling on Apple Watch with no phone connected to it or was it coincidence that it got declined?

No real issues just curious.

Have you set GPS security on the app as you would need to have your phone with you.

Also Monzo are changing some stuff see blog below
https://monzo.com/blog/withdrawal-and-card-delivery-fees

Bravetart · 1 Sep 2020 at 13:15

ROSSInHD said:
Just went for my couch to 5k running session and mapped it so my cool down started at the supermarket so I could buy lunch and walk home for my cooldown. I didnt take my phone but had my Apple Watch.

Starling on Apple Pay on the watch was declined in the supermarket but my HSBC on Apple Pay on the watch went through no issues. Just interested to hear if it is not possible to use Starling on Apple Watch with no phone connected to it or was it coincidence that it got declined?

No real issues just curious.

Only thing I can think of why that might happen is there's a contactless transaction limit...might be that you hit that. Every now and then it will reject and request you use a PIN.

ROSSInHD · 1 Sep 2020 at 13:35

Joop said:
Have you set GPS security on the app as you would need to have your phone with you.

Also Monzo are changing some stuff see blog below
https://monzo.com/blog/withdrawal-and-card-delivery-fees

Must be that as I have location based protection on so the app or whatever could not have got any location information so declined.

Turned it off now so will try on tomorrows run.

Bravetart · 1 Sep 2020 at 13:37

Bravetart said:
Only thing I can think of why that might happen is there's a contactless transaction limit...might be that you hit that. Every now and then it will reject and request you use a PIN.

Just in case it's not that:

You will now also have to enter your pin once you reach a cumulative amount of consecutive contactless transactions totalling over £225

It used to be X number of transactions but made it useless for TFL...

englishpremier · 1 Sep 2020 at 17:01

I see Monzo are so desperate for cash now that it is going to charge for ATM withdrawals even in the UK 3% after £250 worth. Most won't need to withdraw that amount, but it's still a bit of a sting.

Also keen to get their deposits up, by increasing the limits if users that pay in more every 35 days.

I think this bank could be in trouble come this time next year. The latest report by the company's auditors was pretty damning.

mrkev · 1 Sep 2020 at 17:37

To get the increased limit it seems you have to have at least one DD as well. TBH I don't think I've ever withdrawn that much cash in an entire year but it is nice to be able to do that should I need to without being charged for it. With this and the uncertainty of Monzo I'm going to think about getting a Starling account as well. I still have my old bank account should I need it.

Diddums · 1 Sep 2020 at 17:51

After Monzo's damning report I've withdrawn everything and won't be using them again. Which is a shame as we really need someone to keep Starling honest. Their last-chance-hurrah tactics reek of desperation tbh.

Diddums · 1 Sep 2020 at 17:53

EDIT: Nvm, wrong thread.

Deleted member 77746 · 1 Sep 2020 at 17:54

englishpremier said:
I think this bank could be in trouble come this time next year. The latest report by the company's auditors was pretty damning.

I agree, looks like outcome is bigger than their income now. It's fine got my Stirling card at the ready.

Feek · 1 Sep 2020 at 17:58

If everyone stops using them, of course they'll be in trouble. If you like the service, why not stick with them? You're protected up to £85k or whatever the figure is.

I've not experienced a single problem and I'm not planning on switching in the foreseeable future. None of the changes mentioned above will make any difference to me and the way I bank.

Diddums · 1 Sep 2020 at 18:06

Feek said:
If everyone stops using them, of course they'll be in trouble. If you like the service, why not stick with them? You're protected up to £85k or whatever the figure is.

I've not experienced a single problem and I'm not planning on switching in the foreseeable future. None of the changes mentioned above will make any difference to me and the way I bank.

You and your logic, GTFO.

Deleted member 77746 · 1 Sep 2020 at 18:20

Feek said:
I've not experienced a single problem and I'm not planning on switching in the foreseeable future. None of the changes mentioned above will make any difference to me and the way I bank.

You will need too if they can't operate no longer.