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Jade Hilder saved up £1,000 into an emergency fund after worrying about whether she could financially support her family Tesco employee Jade Hilder credited going ‘fully Monzo’ and joining the popular ‘Monzo Savings Squad’ Facebook group for helping her develop a savings habit, having previously had ‘no idea about money’ and spent money she didn’t … Read more
Monzo and Starling now winning the current account switching battle but high street rivals fight back with cash incentives after lockdown lull 136,575 current account switches took place between July and September This rose 38,383 on the previous 3 months as switching returned after lockdown Starling Bank proved the most popular option for people looking … Read more
Monzo has embraced the industrial revolution in banking by following Apple and Revolut in launching a debit card made of white steel. Its new Premium account costs £15 a month and comes with features including phone and travel insurance, making it more like a packaged bank account than Monzo Plus, its previous attempt at a … Read more
Monzo is set to become the first major UK bank to charge its customers to make withdrawals from an ATM, amid fears Britain is increasingly going cashless. The smartphone bank said today it would charge customers a 3 per cent fee if they withdrew more than £250 from UK and European ATMs over a 30-day … Read more
Monzo relaunches its Plus bank account with a holographic blue card and more budgeting tips – is it worth £5-a-month? The bank went back to the drawing board on a packaged account last year It initially scrapped the account just five months after it was launched It has reduced the monthly fee and focused more … Read more
Monzo, which has become a current account favourite over the past five years, has launched a new business offering with integrated accounting and fee-free spending overseas. There are two products to choose from: Business Lite, which has no monthly fees, or Business Pro which is one of the cheapest business bank accounts currently available, at … Read more
It’s fair to say new digital-only banks have gone mainstream. The majority of people out there will have heard of two of the biggest players, Monzo and Starling, thanks to word-of-mouth, eye-catching debit cards and advertising campaigns. In the last few years, they have seen stratospheric growth as a slice of Britons ditch – or … Read more
Nationwide Building Society lost its current switching crown to digital challenger Monzo in the final three months of last year, new figures show. Furthermore, the highest number of people in four years switched their bank accounts in March, according to the Current Account Switch Service. It found 113,037 people switched accounts last month, the most … Read more
Monzo bank co-founder ditches his £2billion company to look after nearly 300 Alpacas on his wife’s farm as he leaves the financial industry after 27 years to ‘enjoy life’ Paul Rippon, 48, stepped down from his day job to look after alpacas on a farm Mr Rippon says that he finds the farm in Northumberland … Read more
You’ll soon be able to monitor credit scores with your bank app: Monzo and RBS to allow customers to check for free RBS’s feature went live on Tuesday and Monzo’s will launch soon It is likely a play to improve their banking apps and attract more customers Barclays charges £5 a month for being able … Read more