Monzo App Savings

sal_III

6022tivo wrote: »

I know I'll get the replies of don't be lazy etc. I'm normally the first with them.

But all of the above will require paperwork, my Identity verifying, some passport photos sitting on servers and annoying calls or apps, or passwords to remember.

I quite like the idea of a single click and it's done.

And you think Monxo are not going to share all that data with the external provider? Sure they will do the "legwork" for you.

Convenience is nice, but is it wise to put all your eggs in one basked when it comes to money. FSCS protection is all fine, but what happens if you lose access to your Monzo account or it gets compromised? Especially given the fact how trigger happy Monzo are with freezing accounts for vague reasons.