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Monzo!! I was wondering when they will become a full bank. I remember they were offering prepaid cards. I am shocked that in the UK you cannot get an SMS alert
by HenryBemis 9y ago
Monzo!! I was wondering when they will become a full bank. I remember they were offering prepaid cards. I am shocked that in the UK you cannot get an SMS alert when making a purchase or cannot see "fast/live" when you make an expense.
I am most definitely joining them (but keeping my "main" bank)
As for the TSB, it would be interesting to see what went wrong and how they fixed it.
- danpalmer 9y ago> I am most definitely joining them (but keeping my "main" bank) This seems to be a very common pattern, and I wonder if they are having issues because of it. I was a Monzo early adopter and even I haven't moved over entirely. I think a lot of users _liked_ the prepaid cards, to help them budget spending money, etc. I suspect that a lot of people haven't upgraded to a full bank account with them as a result.
- londons_explore 9y agoThey forced everyone to upgrade or leave a few weeks ago.
- benbristow 9y agoMonzo has a new 'pots' function on it. Basically you can put money in your account into separately named isolated areas in your account that can't be spent using your card normally. In layman's terms as many saving accounts as you want with more flexibility. You can still kind of use it as a prepaid card by just topping it up from your bank when you want. It's just better as you can now use Android Pay etc. and have proper banking functions like having an actual sort number/account number, direct debits, standing orders etc.
- Jonnax 9y agoAndroid pay has a similar functionality depending if the card supports it. My Amex is linked and I get a notification of all purchases as they go through regardless of whether I use my phone or card.