Monzo launches new Perks, Extra and Max options: our first thoughts
Vložit
- čas přidán 2. 08. 2024
- Monzo replaces Plus and Premium: here’s what it’s offering instead. Monzo is now offering three new account tiers to replace the current plans, Monzo Plus and Monzo Premium.
Plus and Premium, which cost £5 and £15 a month, have been retired in favour of Extra, Perks and Max, priced at £3, £7 and £17 a month.
W A T C H N E X T
The best reward current accounts • The BEST reward curren...
READ MORE
becleverwithyourcash.com/monz...
#Bankaccounts #currentaccounts #banking
00:00 Monzo unveil new paid accounts
01:12 What you get with the new tiers
01:49 What you get with the Monzo Extra tier
05:25 What you get with Perks and Max tiers
10:31 Exclusive to the Monzo Max tier
12:32 Can I stick to the old tiers?
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / beclevercash
I N S T A G R A M - / becleverwithyourcash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
W E B S I T E - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.
Not going to lie… I paid for the highest tier and I did it mostly for the insurance but you’re right saying it’s not much of a perk. Monzo paid account donut really offer you perks. They just paywall features other banks give you for free.
Literally went to Premium just for the metal card because it feels so much nicer than plastic. Surprised they’re dropping that when Revolut even does a platinum card. I’d be more likely to move to Revolut
What are your thoughts Andy on starling? I’m currently with hsbc (I use chase for my everyday spending) but thinking of changing my hsbc account to starling. Only downside is that there is no switching offer. Or should I stay with HSBC which is my main bank account for bills etc ?
None of this sounds remotely enticing....Monzo just seems to be all over the place,not exactly confidence building & still don't think they've turned a profit.
I am a premium member but will probably be upgrading to max - for the sausage rolls and RAC. shame they're scrapping the metal card, I rather liked it. would be nice if they did a metal black card, maybe adding further cashback options for say £20 a month??
They say you can keep your metal card or replace with burnt card
how do you match the 4.6% interest rate by going with a partner bank? how does that work?
What's the best joint account to get for bills?
This is concerning to me - almost a sign of a failing institution when they charge for small features. I'm sure this will make Monzo some money, but not sure what the future of Monzo looks like if they are having to resort to this buisness model
Gives them room to improve and expand their branch to more cities...
You expect to get it for free? 😂 Fucking joke
anyone know if these new tiers provide cashback on international transfers like plus did? cant see any info about that from monzo
I dont work or live near a greggs or use a rail station
Move near a Greggs
@@tf2368get a train to Greggs
Why did they not compete with Revolut snd do a monzo ultra plan
I was on Premium and have swirched to Max, what i lose from switching from Premium, i didn use anyway. I dont mind swinging by Greg's once a week for a swret treat
I actually invested in them years ago and I really like the bank. I just paid because I like them. I love the virtual cards the fact that I get phone insurance is a bonus but honestly there is no bank like monzo. So happy with them.
I’m saying with plus.
Extra gives you eveything plus does for 2 quid less
@@ZeroRiskAppetite Except 4.6% on an instant access saver.
The Greggs offer actually puts me off the bank.
Im with premium.. will my metal card work if premium is removed and im downgraded.. also will it work with max?
Yes, the metal card will always work until the card itself is expired.
I literally only joined premium for my metal card. RIP Monzo in 2027! (When it expires)
I've been unable to get a railcard becuase I don't seem to meet any of the eligible criteria to get one.
If I can get one with Monzo Perk then it'll be worth it especially if it's 1/3 off.
No longer paying for Curve metal so it might be worth the investment.
Monzo only lets you get one of the existing railcards you may be eligible for, there is no "monzo railcard" for anyone
@@f1ggyc When you strip everything away, ultimately these new tiers are nothing special.
You should be able to get the 'Network' railcard
@@ZeroRiskAppetite I looked into that on trainline. The thing is that particular card is meant for travel in London and South East for it to be valid. I.e beginning and end journey.
I travel direct from west country to Paddington on GWR so that's probably why the website says I'm not eligible for it.
I'm on plus and will be switching to Extra. The budgeting features save me hundreds each month as I have better oversight and control of my spending. Getting it for 2 quid cheaper is just the cherry on top.
Yeah for a guy who is supposed to be clued up about finances he just ignores the pots and virtual cards this is one of the key differences between a normal account and Monzo/starling. He also advised people to get a Triodos account and they charge £3 with no perks at all.
I get Gregg’s every week so so brainer just for thay
Lol best Monzo could do is a partnership with Greggs. What a joke
It’s dead but I get it for free with o2 priority not worth getting this bank account
Try to make few research before letting anyone trade for you like I did ❤ Thank you Jesus, God bless America.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How? Please who can you recommend me your professional?
+1864
Hi Andy, what do you think of the Dankse Bank current account switch offer for £200? I was thinking of switching for the bonus, but I've never heard of the bank before.
It's Northern Ireland only, but if you live there then go for it
Used to be called northern bank. Danske took over. Look up the northern bank robbery.
@@BeCleverWithYourCashhe would have heard about Danske bank if he was in NI... they issue NI sterling notes after all
Meh
Halifax have just announced an increase to their ultimate reward to £19pm so I am looking at possibly moving
Yeah, Lloyds too in July
@@BeCleverWithYourCash eh? How much? I've not see the Lloyds one....
@@Richard_Barnes - From 1st July it’s going up to £22.50 for premium I believe.
Do any of the new plans have cash back ?