Has anyone tried Monzo

Heer2019

Hello,

I'm with Santander and Barclays but I was thinking about using Monzo?

Does anyone else use it and is it easy and beneficial to set up?

Zanderman

Try reading the existing thread here: https://forums.moneysavingexpert.com/discussion/6089263/monzo-your-opinion

oli356

Easy yes. Beneficial yes.
Just do it

gordonbennet

In short, yes an excellent account, easy to set up and simple to use.

PRAISETHESUN

As above, a quick search on the forums will highlight many recent discussions about Monzo. In a nutshell they are a UK current account provider with full FSCS protection. They are an app only bank but offer a decent range of perks, including fee-free overseas transactions. Very simply to open and operate an account with them - a good thing to have up your sleeve for your next overseas holiday.

sal_III

Out of curiosity why are you looking at Monzo, instead of Starling? Both offer nearly identical features, but Interests however small and no limit on ATM withdrawals abroad make Starling the clear winner in my view, but maybe i'm missing something?

sassy_one

Irrelevant, given today Monzo announced a change of terms and conditions.

You won't be charged for cash withdraws in any EEA anymore.

Personally, I'd choose Monzo over Starling, as Starling are a awful company regards freezing accounts more often than Monzo.

EarthBoy

sassy-one wrote: »

Starling are a awful company regards freezing accounts more often than Monzo.

How did you arrive at that conclusion?

I think you'll find the opposite is actually the case. There have been several reports in the recent press about Monzo unfairly freezing accounts, and they were featured in an episode of Watchdog last year. I can't find any press reports about Starling freezing accounts.