Out of the two I think the Monzo app has a slight edge though if you ever want to bank a cheque currently only the Starling app can process them, other than that you pays your money and takes your choice.
Out of the two I think the Monzo app has a slight edge though if you ever want to bank a cheque currently only the Starling app can process them, other than that you pays your money and takes your choice.
"Once is happenstance. Twice is coincidence. The third time it's enemy action."
'Populism, the last refuge of a Tory scoundrel'.
Ahhh just one additional thing that has occurred to me after reading the last post from Number2 is the inability to bank cash!
You can transfer happily between accounts but actually paying in physical money is rubbish - they allow £1000 every SIX MONTHS. For that reason I would always recommend keeping a high street bank as a standby. I have access to a Barclays account so on the rare occasions I have to pay some money in I can feed it through that, bit of a pain in the ar5e though.
We are in Europe often so have 2 cards - Monzo and Chase.
While Monzo is good it has its limitations and issues
You can only withdraw £250 in cash per month or the equivalent in currency
The limit for Chase is £1,500 per month
For that reason we are using our Chase cards to get local currency cash.
Monzo has also had issues when trying to pay occasionally- more recently to top up my foreign phone sim. It declined twice so my Chase card came to the rescue. I also had it declined in a French petrol station.
I don’t know about the benefits of the 2 cards but I’m certainly glad I’ve got the Chase card and would recommend it to anyone.
They cost nothing to set up so why not get both and try them.
My accounts are with Starling. Excellent bank and voted best British bank over the years.
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