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Both Monzo and Revolut have over 3m customers compared to 1.7m for metro bank. Starling is over 1m. So plenty of traction all for the challenger banks.
by threedots 7y ago
Both Monzo and Revolut have over 3m customers compared to 1.7m for metro bank. Starling is over 1m. So plenty of traction all for the challenger banks.
- dazc 7y agoHow many of those users are using Monzo/Revolting as their main bank though? I have Monzo for small expenses when travelling in Europe but my main accounts remain with Barclays. I am guessing a lot of people do similar although, I concede, it's hard to find numbers that will corroborate this?
- benbristow 7y agoMonzo is my main bank where my salary comes in, my purchases are made and my bills come out. It works great and unless they start going South I wouldn't look back.
- nailer 7y agoI don't know but I started using Monzo as a more convenient alternative to Barclays and as Monzo added features (and Barclays didn't) I switched my pay to go into Monzo. It's nor particularly hard to email your employer and let them know some new bank details, and the Barclays experience (particularly their slow balance updates) makes it easy to want to use something different.