Have any members joined this new on-line/ app based bank and what are your experiences/ impressions please 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

According to the Sunday Times the average balance is £250!!

It seems to be used for settling bills between friends and not for paying in large amounts such as salaries. 2023 P440e SE Dynamic on order -cancelled

2022 HSE Dynamic P400e

2017 Discovery 3.0 HSE Silicon Silver Nimbus interior and a few extra toys SOLD

2013 HSE Black, Orkney Grey, Ebony Seats and Ivory Interior SOLD

2006 HSE

Plus a few other cars inbetween!

It’s because of that article I am asking, I have opened an account that I will use mostly for keeping my Solar Feed In Tariff payments in and will use the card for paying for the petrol / electricity I put into the car. I don’t do online banking generally because working abroad has caused loads of problems with ISP recognition with my present bank who want me to tell them 3 weeks in advance of going abroad and where I am going which to me is not practical and twice my account has been blocked while I have been away and I haven’t been able to access it which is a bit useless when you are abroad for 3-4 months! I’ll give it a try for the use I mentioned and see how it goes before I change more banking over to them from my present bank (BoS) 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

I see!

I guess it probably is because of some the countries you are in? I use my LLoyds account who own BoS with no trouble in quite a few countries.

I did get blocked once through my own fault and it is a real pain calling the UK to get it sorted, at the time I did not have my mobile associated with the account, only my landline!!  2023 P440e SE Dynamic on order -cancelled

2022 HSE Dynamic P400e

2017 Discovery 3.0 HSE Silicon Silver Nimbus interior and a few extra toys SOLD

2013 HSE Black, Orkney Grey, Ebony Seats and Ivory Interior SOLD

2006 HSE

Plus a few other cars inbetween!

Made my first pay in from my BoS account to Monzo this afternoon:
A) the clerk behind the desk told me I was the 3rd person today he had had transfer money into a new Monzo account
B) he told me that he had seen the papers yesterday and had also opened an account with them this morning!
C) I hadn’t even signed the paper work for the transfer between accounts when I had a message from Monzo advising money had just arrived in my new account! <15secs to make the transfer. 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

I have a Revolut account due to the no fee forex while traveling. Works every time and never had an issue paying in, transfers or using globally. 2018 Telsa MS
2012 Range Rover Sport HSE+
1990 Porsche 944
1985 LR 90 Soft top V8

I’ve heard good things about the Revolut account, lots of guys I work with have one as we are paid an allowance while we are over seas but it’s paid into our U.K. account before we leave. That means we end up paying the banking costs and exchange costs when we withdraw from our destination country.

Does this Monzo bank charge for exchanges? I may look into this as an alternative. 2019 5.0 SC SVA (Current)
2012 5.0 SC AB. Sadly written off by a campervan
23 plate Focus ST (Current)
1942 VEP Ford GPW Jeep (Willys) (Current)
1943 Whites M16 Halftrack (Current)
16 plate Eurofighter Typhoon, 2 x Eurojet engines with 20,000lbs thrust each. 1380mph

Their website is here https://monzo.com/
I received my debit card on Wednesday morning 36 hours after sign up. One good security feature - you decide your PIN on sign up , no pieces of insecure paper with it on goes through the postal system. You can also create “pots” of money within the account so if you want to create sub budgets it’s dead easy - I created one for income from my solar panel feed in and another for running expenses of the Mini and another for running expenses for my Defender. 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
2018 Melting Silver Mini Countryman PHEV - soon to be replaced
2015MY Corris Grey SDv6 HSE Dynamic, the best car I have ever owned, totally reliable only a cou0le of rattles in 3 years, now no longer in my care
Also in my garage is a 1996 TDi300 Defender 90 County HT made into a fake CSW

Brit Plumber wrote:

I’ve heard good things about the Revolut account, lots of guys I work with have one as we are paid an allowance while we are over seas but it’s paid into our U.K. account before we leave. That means we end up paying the banking costs and exchange costs when we withdraw from our destination country.

Does this Monzo bank charge for exchanges? I may look into this as an alternative.

Puslinch wrote:

I have a Revolut account due to the no fee forex while traveling. Works every time and never had an issue paying in, transfers or using globally.

This looks very similar to something i use here in Finland called Holvi (holvi.com) really useful and super quick. multiple sub accounts and so forth. I now run our rugby federation from it as well as 4 clubs. 2019 RRS P400e Autobiography
2014 RRS 3.0 TDV6 HSE Dynamic
2006 RRS 2.7 TDV6 HSe
Alfa Romeo Guillietta 2.0 JTDM 2011
Mazda 3 1.6 2010
Subaru Impreza 2.0 WRX 2005

a Halifax Clarity credit card for purchases in foreign currencies (both when physically abroad and online). No foreign currency transaction fees and the best FX rates ever.

Me too!

I use both Monzo (less so now they introduced a free withdrawal limit) and Starling as this is fee free abroad. both are app based with instant notifications.

been using Monzo since before they got their official bank status, back when they used to be called Mondo.

When I say I use it.. I mean, it's my full time bank. Salary goes in to it, bills out of it, daily spends etc etc

They do everything a 'normal' bank does, but in my opinion in a much better way.

The biggest problem with them though is just how easy it is to see how much I spend on eating out

The first time I hear about him, is it really good?