You are reading a single comment by @aggi and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
aggi
I'm not sure how they were ever a rip off of Revolut.
Revolut's USP is that they allow you to hold balances in more than one currency at once.
Monzo never professed to allow you to do this, it just didn't charge for withdrawals abroad, which they do now.
I like that Monzo instantly updates when I spend money, I like that it categorises things automatically. I like the ability to freeze the card from the app if it's lost/nicked. I like that when I needed a customised PDF report for my mortgage that I could chat to someone on the app and got something emailed over the next morning.
So I see them as competing with high street banks rather than solely with other challenger banks.