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  • FIRST POST
    • Archi Bald
    • By Archi Bald 25th Sep 15, 10:11 PM
    • 9,375Posts
    • 7,432Thanks
    Archi Bald
    Monese
    • #1
    • 25th Sep 15, 10:11 PM
    Monese 25th Sep 15 at 10:11 PM
    Yet another new current account that doesn't do a credit check - https://www.monese.com/

    No SOs at present, and I didn't see anything about DDs. But at least they do have a VISA debit card (contactless), and they come with "indirect FSCS cover", whatever that may mean. They are not paying any interest.

    Operated via Android app; iPhone support expected later. They might support both, GBP and Euro, so potentially useful for those after a Euro account. Not sure what the conversion rates are.

    Currently most bits are free of charge but it looks a Faster Payment costs 50p, and other charges are to be expected down the line.

    If you're at least 18 years old and live in the EEA (European Economic Area), you can open an account with us, regardless of your citizenship or financial history. Yes, you read that right. Anyone with an EEA address can apply.

    Your Monese account comes with quick and super cheap local and international money transfers, a debit card for your purchases and cash withdrawals, and a mobile app to act as your personal banking branch and help you keep an eye on your finances wherever you are. You can also send money to your friends at Monese with one tap and forever for FREE. All of this will be in your pocket in just a few minutes, because that’s how long it takes to open an account with Monese.
    I am not going to apply for this one but if anyone does, it would be useful to hear of your experience.
    Last edited by Archi Bald; 25-09-2015 at 10:50 PM.
Page 2
    • Biggles
    • By Biggles 15th Oct 16, 8:35 AM
    • 7,611 Posts
    • 5,016 Thanks
    Biggles
    I see a Monese account is 4.95 a month now.
    • Glacier
    • By Glacier 9th Jun 17, 12:25 AM
    • 33 Posts
    • 31 Thanks
    Glacier
    Do these cards work for car rental?
    • catapultaudio
    • By catapultaudio 11th Nov 17, 6:50 PM
    • 1 Posts
    • 0 Thanks
    catapultaudio
    If, like me, you have managed to screw your finances so dramatically that nobody wants to give you even the simplest of "proper" bank accounts, this is very likely the most useful app you will ever find for your smartphone.

    I've tried several other "challenger" banking apps as I have discovered they are known, but Monese has been by far the best so far.

    Opening an account is a little intense to be frank, and, in the UK at least, you DO require photo ID and proof of address despite the claims made in the Monese promotional material. Once you get set up however, it really couldn't be any simpler.

    An important detail for me is the speed at which payments arrive, and Monese updates twice an hour at 05 and 35. In my experience you can expect to see your funds on the second update after they were sent.

    Another key detail, most of these banks charge for cash machine withdrawals. Monese gives you five such transactions free of charge each month before adding a 50p fee for any subsequent withdrawals. A nice touch though, if you don't have enough money to cover the fee you will still be given the cash without charge - this might be a bug however it's been really useful for me up to now.

    The card does claim to allow cash back however in my experience this is not the case and only smaller stores who know me personally will allow me this facility.

    Finally, an excellent referral scheme gives you the chance to earn a decent bonus if your friends sign up to monese as well. If you could help both yourself and me by using my code [Removed] you will be gifted 5 completely free when you finish setting up your new account. I hope I have been helpful!
    Last edited by MSE ForumTeam2; 12-11-2017 at 12:18 AM.
    • eDicky
    • By eDicky 13th Nov 17, 12:47 AM
    • 4,233 Posts
    • 2,396 Thanks
    eDicky
    I hope I have been helpful!
    Originally posted by catapultaudio
    Perhaps, but you haven't mentioned that Monese charge 4.95/month when others have no fee.
    Evolution, not revolution
    • jonesMUFCforever
    • By jonesMUFCforever 16th Apr 18, 2:39 AM
    • 25,563 Posts
    • 12,780 Thanks
    jonesMUFCforever
    Hello to all,

    I orderd my Monese card and it came after 3 days, works great so happly I found about it by a friend. I need to instal the app and follow the instructions its easy, the fee for the card is 5 but you can use this code /P9C2JFGH/ when you register and the card will he free of charge.

    Cheers.
    Originally posted by simeon.bg
    Is that a general code to be used by anybody or a personal referral code which might be against board rules for posting?
    What goes around - comes around
    give lots and you will always receive lots
    • wizzywig27
    • By wizzywig27 19th Apr 18, 9:22 AM
    • 1,227 Posts
    • 802 Thanks
    wizzywig27
    Is that a general code to be used by anybody or a personal referral code which might be against board rules for posting?
    Originally posted by jonesMUFCforever
    Nothing baffles me more than commenting on a six month old 'dead thread' to moan about something, thus highlighting his code (which has now been removed - apart from in your quote)

    Well done
    • Anthorn
    • By Anthorn 1st Oct 18, 4:34 PM
    • 4,292 Posts
    • 1,192 Thanks
    Anthorn
    Perhaps, but you haven't mentioned that Monese charge 4.95/month when others have no fee.
    Originally posted by eDicky
    It is also very difficult to open, at least it was for me: I installed the app and applied with a photo of my passport and a selfie video and then the app said I had to video call "an agent" but as it was a Sunday I had to wait until the next day. But then they appeared to change their mind because I received an email asking for details of my employment, photos of two pay slips and my reason for opening the account. And they already have my passport number, my mobile phone number, my email address and my U.K. home address.

    Quite frankly I don't expect the above when applying for a prepaid card and I am highly suspicious about the personally identifiable information they already have and the further personally identifiable information they want to add. It comes across to me as building details of my identity. Needless to say I haven't proceeded and I will be keeping a close eye on my credit history.
    • Sunny_Missy
    • By Sunny_Missy 13th Feb 19, 6:30 PM
    • 2 Posts
    • 0 Thanks
    Sunny_Missy
    Experience with Monese
    Hi - I'm sorry if I will ask the same question as before, but I couldn't see any relevant answer to my question: is this Monese account useful? Is someone trying on a daily-basis or only when travelling?
    • eDicky
    • By eDicky 13th Feb 19, 7:01 PM
    • 4,233 Posts
    • 2,396 Thanks
    eDicky
    Hi - I'm sorry if I will ask the same question as before, but I couldn't see any relevant answer to my question: is this Monese account useful? Is someone trying on a daily-basis or only when travelling?
    Originally posted by Sunny_Missy
    Monese would only be useful for someone who is unable to open any other type of account, without the fees, and certainly not useful for travel. What's your intended purpose?
    • Sunny_Missy
    • By Sunny_Missy 14th Feb 19, 5:52 PM
    • 2 Posts
    • 0 Thanks
    Sunny_Missy
    I'm quite !!!!ed with my bank, after noticing that I'm paying too many fees on transactions...and I am looking for something cheaper, but at the same time safe...and to be able to use it...
    I'm having mix feelings about this Monese card...because some say is good, some say it isn't...on their website, of course, everything is good, I've also checked them on reviews and looks kinda' ok..but dunno..is it good for daily use?
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