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Monzo is great. Rare example of a consumer banking company that makes things easy. I just signed up for their phone service in literally 3 minutes. Didn't even
by IshKebab 2mo ago
Monzo is great. Rare example of a consumer banking company that makes things easy. I just signed up for their phone service in literally 3 minutes. Didn't even need to talk to anyone to port my old number. I'm going to move all my ISAs and SIPP to them next I think.
- danpalmer 2mo ago> Didn't even need to talk to anyone to port my old number That seems like pretty low stakes – I wouldn't expect to talk to anyone to sign up and transfer to a consumer service in the UK. I don't think I've spoken to anyone for something like this in the last 10 years or so.
- OJFord 2mo agoI've never talked to someone for it, and I would've first done it in something like 2008. (It's 'always' been done by SMS, well before 'apps' that might let you (and I don't recall it on websites).)
- IshKebab 2mo agoWell I haven't moved my number for a couple of decades at least, but the last time I did you had to phone them and go through the whole "are you sure? Let me see if I can get you a better deal" nonsense.
- broadben12 2mo agoThis is either a bot comment, or you have a very poor understanding of the UK financial market. They are quite far down the leaderboard for ISA rates and SIPPs.
- StevenWaterman 2mo agoThe parent comment didn't mention anything about ISA rates and SIPPs in terms of performance, they said that it was easy. You might disagree with their priorities but that doesn't change whether it's the right decision given those priorities
- IshKebab 2mo agoI don't think they actually are. Platform fees are capped at £250 and their default managed fund fees is 0.14% which is pretty normal. Also I deliberately want a platform that doesn't allow trading individual shares because otherwise I have to report those to my employer every quarter and I can't be bothered with that admin.
- rjh29 2mo agoWhile Monzo are expensive their approach of rewarding loyalty (5% off per year for Monzo Mobile) is a good idea compared to the endless switching you have to do to get the best rates.
- spidermonkey23 2mo agothey don't offer a phone contract..? this makes no sense
- pledg 2mo agoYes they do - https://monzo.com/mobile https://monzo.com/mobile
- rjh29 2mo agoCompared to Lebara or other cheap MVNOs their offering is not great. While they eventually give you 30% off (after 6 years) their starting price is 30% higher.
- sdcfgy 2mo agoSame service with HSBC and Giffgaff here. Meh.