Rewind a few months ago, and Jack was raving about this pay as you go card he'd found run by a crowdfunded bank that his mate at work had told him about.
I was extremely skeptical, and also didn't really see the point in all honesty.
I had a bank account already, why did I need more cards clogging up my purse? Especially when I would have to move money over in order to use it, which seemed like a lot of extra hassle that I wasn't keen on.
Eventually he wore me down and I agreed to get one.
To start, you download the Monzo App, and fill in all of your personal details, as you can expect. You also need to send a 15 second video of yourself to confirm your indentity, which I was a bit skeptical about to start with but it's not as bad as it sounds. They confirm your video against pictures from your passport or driving license that you also send pictures of.
Once this is all sent off, you will then see a cute little gif of your card winging it's way to you.
The app shows you when you spend your money, as well as where and also splits your money into categories such as Shopping, Groceries, Eating out and more.
If required, you can change these if they have got it wrong, although I have never had to!
I had to admit defeat and accept that Jack was right, which is super difficult for me to say!
Recently, the company have upgraded many accounts from prepaid to current accounts. So we still have bright orange cards, but we can use them as we would with any other bank account.
The app is also new and improved, still categorising your spends, as well as having saving features called 'pots'.
You are able to name the pots whatever you like and move Money into them super quickly and easily.
We are also to pay for items together, by requesting a split monzo payment. (obviously only available with friends and family who also have Monzo cards)
I would definitely give Monzo 5 stars and if you haven't heard of them and want to know more now, click here for more information.
Any questions, just ask!
Much Love,
Tk,
xx
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