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Monzo Bank - Mobile Banking
play.google.comSummary
Monzo Bank provides a mobile-first banking experience for personal and business users. It offers features such as instant spending notifications, budgeting tools, savings pots, and a debit card for international spending. The platform also includes investment options and credit card services, aiming to simplify money management through its app.
Feature Matches10/15
See all10/15
Must Have
4 of 5
Transparent Low Fees
Multi-Currency Account
Borderless Debit Card
Fast Transfer Execution
Mid-Market Exchange Rate Transfers
Other
6 of 10
Business Account Features
Invoice Creation
Mobile App
Regulatory Compliance
Multi-User Access
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Spending Analytics
PricingTiered
See allTiered
Personal Account
£0.00 monthly
- Instant notifications
- Spending insights
- Bill scheduling
- Early payday (with Bacs)
- Free travel fees (Mastercard exchange rate)
- Savings Pots
- Bill Splitting
Business Account (Free)
£0.00 monthly
- Business banking
- International payments (powered by Wise, fees apply)
Business Pro
£9.00 monthly
- Automatic Tax Pots
- Integrated accounting
- Multi-user access for limited companies
- Invoicing
- International payments (powered by Wise, fees apply)
Rationale
Monzo Bank offers mobile banking services with features like instant notifications, spending insights, and savings pots, aligning with general banking functionalities. While it facilitates international payments, it explicitly states these are 'powered by Wise, fees apply,' indicating that Monzo itself does not offer mid-market exchange rate transfers or transparent low fees for international transfers directly, but rather integrates with a third-party for this specific functionality. However, it does offer a multi-currency account (Pots), a borderless debit card with no hidden fees (Mastercard's exchange rate), fast transfer execution (early payday), business accounts with multi-user access and invoicing, a mobile app, and customer support. It also mentions FSCS protection, indicating regulatory compliance.
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Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Nov 30·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Nov 27·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.