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Monzo!
DTE454
Posts: 3 Newbie
Hiya,
Just wondering if anyone has heard of/used Monzo? It is meant to be the 'new' type of banking, founded by a guy who is not in the banking world so its really easy to use, no delays in payments, digital, great exchange rate but its a prepaid card (for now) - any recommendations/reviews? x
Just wondering if anyone has heard of/used Monzo? It is meant to be the 'new' type of banking, founded by a guy who is not in the banking world so its really easy to use, no delays in payments, digital, great exchange rate but its a prepaid card (for now) - any recommendations/reviews? x
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https://forums.moneysavingexpert.com/discussion/5608354Hiya,
Just wondering if anyone has heard of/used Monzo? It is meant to be the 'new' type of banking, founded by a guy who is not in the banking world so its really easy to use, no delays in payments, digital, great exchange rate but its a prepaid card (for now) - any recommendations/reviews? xI came into this world with nothing and I've got most of it left.0 -
It looks promising but right now it's just a prepaid card - not a bank account - so it won't replace a bank account (and is pretty worthless until it becomes one imho).0
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Only been using the card for three days and I got an email, text and an addition to the app asking me if I'd like to invest in the company. Errrrr........no. Thanks anyway.:rotfl:I came into this world with nothing and I've got most of it left.0
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Hiya,
Just wondering if anyone has heard of/used Monzo? It is meant to be the 'new' type of banking, founded by a guy who is not in the banking world so its really easy to use, no delays in payments, digital, great exchange rate but its a prepaid card (for now) - any recommendations/reviews? x
Not sure how it's a new type of banking that doesn't include a current account - pretty essential in my book. Now sure how it would offer any advantage over my existing bank that pays me 3% on the money in my account.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Shakin_Steve wrote: »Only been using the card for three days and I got an email, text and an addition to the app asking me if I'd like to invest in the company. Errrrr........no. Thanks anyway.:rotfl:
It's another round of crowdfunding which they say will be used to launch a new current account in the summer. Investors get first access to the current account and a special "Investor" debit card. Potential investors pledge from £10 to £1000 through the app and then there will be a ballot and the "lucky investors" will be asked to complete their investment.
No I'm not tempted ROFL: As will money loaded onto their prepaid card there are no guarantees.
https://monzo.com/invest/?utm_source=Monzo+Mailing+List&utm_campaign=d98b5385e2-EMAIL_CAMPAIGN_2017_02_28&utm_medium=email&utm_term=0_2a57a91c41-d98b5385e2-128348145&mc_cid=d98b5385e2&mc_eid=df7d4a0e4e0 -
The only benefit I can see is an instant message to tell you what you've spent and where, and the means to categorise (and possibly limit) your spending. It's just a new toy for me and, like most new toys, it will probably go in the box when I get bored.I came into this world with nothing and I've got most of it left.0
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If anyone is off out with just a Monzo card...don't.....it's down for the afternoon, at least.I came into this world with nothing and I've got most of it left.0
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In what way, card fail? My app is working...Shakin_Steve wrote: »....it's down for the afternoon, at least.Evolution, not revolution0 -
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The cards issued by Monzo like Revolut are all issued by wire card. It appears their payment processing server is having issues today according to revolut on Twitter.0
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