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I do like Monzo, they are one of the few startups I have invested in. I tend to personally use them for my fun money and still use my long time bank for paying
by astannard 7y ago
I do like Monzo, they are one of the few startups I have invested in. I tend to personally use them for my fun money and still use my long time bank for paying the bills and getting my wages etc I transfer my monthly spending money to Monzo and when that runs out the fun stops.
- mojuba 7y agoSame here. Something still prevents me from taking Monzo and similar banks seriously and manage my entire income on their accounts, though can't say what it is. Maybe it's the "you can't possibly trust a bank that's not even profitable" despite all the effort of cutting costs, e.g. no walk-in offices and so on. That, coupled with being "ethical" as a selling point somehow doesn't sound great in the context of banking.
- astannard 7y agoYes, I think when I feel comfortable that they will stick around I will feel comfortable with putting my wages in.
- amsterdam_guilt 7y agoHow do you invest in them? Seems like an good bet.
- M2Ys4U 7y agoEvery now and then they solicit crowdfunding. You buy a beneficial interest in a fraction of an allotment of shares owned by a crowdfunding platform through the Monzo app.