OMG Card

oldagetraveller1

What could possibly go wrong if it's promoted on Twitface?

bradders1983

oldagetraveller1 said:

What could possibly go wrong if it's promoted on Twitface?

Yes, companies using social media to advertise, how abhorrent of them 🙄

dr_adidas01

Malkytheheed said:

dr_adidas01 said:

bradders1983 said:

Indeed, it looks more like a Monzo-style card.

Except that Monzo is an actual bank and this OMG card isn't and is provided by Omega BAAP Limited, who ever they are.

"OMG is a day-to-day current account"
with sort code, account number. Sounds like it will be an actual bank with associated licences. 

Not necessarily Cashplus has a Sortcode and account number and isn’t a bank. Same for  Revolut which has a Sortcode and account number and are not a bank. They will probably be an electronic money provider and won’t be covered under the FSCS scheme or the FCA, unless they decide to apply for a banking license. 

The_Urbanite

Malkytheheed said:

dr_adidas01 said:

bradders1983 said:

Indeed, it looks more like a Monzo-style card.

Except that Monzo is an actual bank and this OMG card isn't and is provided by Omega BAAP Limited, who ever they are.

"OMG is a day-to-day current account"
with sort code, account number. Sounds like it will be an actual bank with associated licences. 

There are quite a few products offering these services and marketing as current accounts which are not banks. Some have been named above, Pockit is another. 

You have to significantly recalibrate your expectations when dealing with e-money issuers. 

Malkytheheed

WillPS said:

Devil's in the detail with these products. I've registered my interest but if there's no benefit I won't bite.

I'm hoping they do a few loss leaders with Amazon or the supermarkets to drum up interest.

Out of curiosity, what details did you give them? I've very apprehensive giving my details to a completely random website that doesn't actually have an offering yet. Esspecially when finnancials are involved. I mean data gathering could be the entire goal of this company, we just don't know. 

WillPS

Malkytheheed said:

WillPS said:

Devil's in the detail with these products. I've registered my interest but if there's no benefit I won't bite.

I'm hoping they do a few loss leaders with Amazon or the supermarkets to drum up interest.

Out of curiosity, what details did you give them? I've very apprehensive giving my details to a completely random website that doesn't actually have an offering yet. Esspecially when finnancials are involved. I mean data gathering could be the entire goal of this company, we just don't know. 

E-mail address (a unique one, so I'll know who to blame if I start receiving spam on it and can kill it effectively).