๐Ÿ’” Winner Takes Most - Monzo, Revolut, Starling, Tide, Atom, Tandem, N26 ๐Ÿฆ

they got featured in CNN recently, I think this is PR so they mayt be close: 12 February

and this October 2020

This is all fintechs that grow andexpand eating ouR money. we are eating tgether. I have positions in $IPOE (SoFi), $SQ (square), and priavte companies so itโ€™s all good. I hope i never have to visit a bank branch

update: forgot the gif

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I saw those ones too. They definitely say they want a US banking license but every mention is that they โ€˜plan to applyโ€™ for one, not that they have applied for one. So when they finally do apply for one, if they do, then the 18-24 month clock will start ticking from then until they get a decision.

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Congratulations to Monzo for reaching 5 million mostly โ€œgenuineโ€ customers :wave::wave::wave::wave::wave::rainbow::rainbow::rainbow::rainbow::rainbow::rocket::rocket::rocket::rocket::rocket:

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โ€œpeople with an accountโ€ must include me-- I hold ยฃ0 but itโ€™s a nice to have account. They should disclose the no. of users with cash.

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Revolut are really hammering their basic free users with fees and restrictions, almost trying to force people to upgrade to one of their premium plans.

Just received the email today about free users being reduced to one free trade per month, also making limits on ATM withdrawals even tighter so now itโ€™s either you start being charged 2% if you withdraw more than ยฃ200 in a month or if you do more than 5 withdrawals in a month (whichever gets hit first). Also a minimum charge of ยฃ1 once youโ€™ve used up your allowance.

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It was only a matter of time before the screw tightened. Ok can see them losing customers in droves.

Personally I love their service, the lock in, the virtual cards, the travel insurance, crypto, vaults, U$ stonks (i dont use that), reporting in PDFs or excel sheets, cash backs. Who withdraws cash unless youโ€™re abroad in some โ€œ3rd worldโ€ country? yes Ive travelled and had no problem with some fees because itโ€™s not a free servce. Compared with Monzo which i love theyโ€™re miles ahead. I like the coral card though but you use Android Pay these days

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People that withdraw cash probably arenโ€™t the customers they wantโ€ฆ

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Or Canadians lol

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Iโ€™m sure Revolut would have loved them - but the banking regulators there donโ€™t want new players - especially ones from other countries treading on the incumbents toes. Itโ€™s a shame - as they are now missing out on a fantastic product. :wink:

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This article is very shallow,all it is saying is that starling lent a lot of Bounce Back loans

Guys, play nice

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I year behind Monzo. :wave::wave::crazy_face::crazy_face::crazy_face:

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Be careful? Be very careful?

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