I use Plum with Monzo mainly to automate saving (it’s so effortless, works in the background and is mind boggling how small saves can snowball over time even in “shy mood” setting). The aggregator/chatbot app (android soon) is a great development so you now have either the option to use it via FB Messenger or the App. Very good first impression of the iOS app so far:
It looks like Chip has some up-coming competition! I am a Chip user but feel that they are faltering with their next level of offerings. They are also struggling with Monzo/Starling integration which Plum seem to have nailed.
This will be an interesting area to follow as the apps develop
Definitely! It’s a shame that Chip seemed to have fumbled a bit with Chip 2.0, but it was expected for me as they seemed to overpromise and underdeliver leading up to and during their latest crowdfunding campaign.
I am still a believer! They are moving slower than promised, but most fintech start-ups seem to suffer a similar affliction. If they can deliver ChipX in the next 2 to 3 months that would definitely give them the edge over their competitors again. Integration with Monzo would also help with customer acquisition/retention!
The current Referral bonus is £25 for each third successful invite up to a maximum of 15. After 15 successful invites the Referral bonus changes to £5 for each subsequent successful invite (instead of the £25 for 3).
I suppose the person being referred gets nothing?
Aside from that I clicked on their blog post which refers to people as “Plumsters”… sounds sorta offensive