Contact Richard:   +44 (0)121 663 0223 +44 (0) 7703 355045

Monzo – The new UK-based Bank of the Future

MonzoEvery Friday I share one of my favourite finds of the week — a website, tool or app that has impressed me.

My Friday Favourite this week is Monzo – The Bank of the Future.

What is it?

Monzo is a new type of UK-based bank, run without branches and built to function via your Smartphone.

How can it help me?

MonzoOne of Monzo’s first products is a Pre-Paid Mastercard Credit Card (EDIT 26.08.17:- I’m now testing the Monzo current account! Other services coming soon) which helps you track your spending via an Android and iOS app.

The app allows you to instantly see balance updates, spending — in real-time, sends intelligent notifications and is easy to use.

I’ve been using the Mastercard for a few months now for spending and the real-time features are superb. Whenever you use the card, the app updates instantly to let you know what you’ve spent, and where.

If you’ve ever had your card declined for no understandable reason, then you’ll like the apps real-time update which shows you exactly why your card has been declined too.

The Mastercard is also superb for foreign transactions, with zero charges for spending abroad and instant translation of your spends from local currency into Sterling.

Monzo Budget ScreenshotFinally, the apps most valuable feature may well be its ability to help you budget. You can attach receipt scans to your purchases, and the app automatically categorises your spend and gives running totals of what you’ve spent on a daily, weekly and monthly basis. I thought I had a good handle on how much I spent on eating out, for instance, but the app opened my eyes to what I was actually spending!

How much does it cost?

The Pre-Paid Mastercard is free to order and requires a £100 top-up to activate.

How can I get it?

Download the Monzo App for free and join the waiting list for the Monzo Beta test.

Want to get your Pre-Paid Mastercard card tomorrow?

My friends at Monzo have been in touch to offer Tubblog readers the opportunity to skip the queues of thousands!

Sign-up using the special link and your card will be posted to you the same day. Nice!

EDIT:- The above offer has now expired but you can still visit the website to find out more about their banking plans, find Monzo on Twitter, and visit the Monzo Facebook page.

You Might Also Be Interested In


Opt In Image
Register now for a free copy of my new MSP eBook!

I'm giving away my new eBook "Mistakes MSP's Make: The Five Most Important Mistakes IT Managed Service Providers Make Which Cost Them Time and Money".

The following two tabs change content below.

Richard Tubb

I help IT companies grow their businesses in a scalable and sustainable way. My clients are business owners of small to medium sized IT firms. at Tubblog
I help IT business owner's to free up their time, concentrate on what is important, and build a business that can run without them.

Speak Your Mind



Site by: Dawud Miracle, Business Coach & WordPress Websites

Send this to a friend