I know this has been posted a couple of times before.... but there's been big changes since then. Namely the fact that Monzo is now beginning to roll out live accounts. Which means you’ll soon be getting:
- an account number and sort-code
- be able to make bank-to-bank payments and set up Direct Debits
Join the thousands of users who have used Monzo in more than 150 countries and become a part of the banking revolution. To activate your card, you'll need to top up with £100 which will be available to spend as soon as your card arrives. This is an early-access beta phase and we ask that you always carry another card with you for the time being.
• Get instant notifications every time you make a payment
• See how much you’re spending
• Freeze your Monzo Card instantly if you lose it, defrost it when you find it
• Receive intelligent insights into your spending habits
• Send money instantly to any other Monzo user
• Top up your Monzo Card with another debit card or by bank transfer
• Use your card abroad as you would at home. There are no fees and you get the wholesale MasterCard® exchange rate
• No fees or charges, in the UK or abroad
What people are saying about Monzo:
“Monzo set a record as the quickest crowd-funding campaign in history.” — Forbes
“Monzo is a snazzy mobile checking-account app.” — The Wall Street Journal
“A bank for people who hate banks.” — Bloomberg
“Monzo is a bank designed for the world we live in today.” — TechCrunch
It's the £100 "entry fee" that ultimately put me off. I ended up opening a second account with Metro bank instead and it didn't cost me anything up front.
dealmaster007
12 Apr 17#2
Heat added. Good for using abroad. Any other reason to consider this?
f34r
12 Apr 17#3
It's not a fee. It's just an initial top up. You can withdraw the money as soon you get the card
f34r
12 Apr 17#4
The actual purpose of this is your beta testing the app for when it becomes a real bank.
Revolex77
12 Apr 17#5
I am so into this kind of thing, but I don't think Monzo is ready yet. All the features I'm interested can be found elsewhere. For foreign transactions, Revolut trumps this. I hope they get some good features and bring out a credit card in the future though.
timber4483
12 Apr 17#6
Hey, could you expand on this? I'm not sure what's not ready about it. Other than a credit facility and standard banking stuff (DD, standing orders...) what other features would you be looking for?
HankHandsome
12 Apr 17#7
Yeah i'm aware of that - that's why I put it in quotes.
iamdamien
12 Apr 17#8
It has become a real bank in the last week or so. See here: monzo.com/blo…ce/
![Fresh Breakfast Meat Box (Using code) @ Campbells Meat [Haggis / Lorne Sausage / Bacon / Black Pudding & More]](/images/topics/208684_1.jpg)
![[Xbox One] Q. u. b. e: Director's Cut on Deals with Gold](/images/topics/208716_1.jpg)
Opening post
- an account number and sort-code
- be able to make bank-to-bank payments and set up Direct Debits
- get your salary paid into your Monzo account.
engadget.com/201…nk/
monzo.com/blo…ce/
Join the thousands of users who have used Monzo in more than 150 countries and become a part of the banking revolution. To activate your card, you'll need to top up with £100 which will be available to spend as soon as your card arrives. This is an early-access beta phase and we ask that you always carry another card with you for the time being.
• Get instant notifications every time you make a payment
• See how much you’re spending
• Freeze your Monzo Card instantly if you lose it, defrost it when you find it
• Receive intelligent insights into your spending habits
• Send money instantly to any other Monzo user
• Top up your Monzo Card with another debit card or by bank transfer
• Use your card abroad as you would at home. There are no fees and you get the wholesale MasterCard® exchange rate
• No fees or charges, in the UK or abroad
What people are saying about Monzo:
“Monzo set a record as the quickest crowd-funding campaign in history.” — Forbes
“Monzo is a snazzy mobile checking-account app.” — The Wall Street Journal
“A bank for people who hate banks.” — Bloomberg
“Monzo is a bank designed for the world we live in today.” — TechCrunch
Skip the queue:
monzo.com/mon…rt/
All comments (88)
Other than a credit facility and standard banking stuff (DD, standing orders...) what other features would you be looking for?