Giant Swarm’s Post

Always loved the tone of voice used by Monzo Bank. But I'm still awaiting for someone to start a financial institution called The Tree Bank, which would open the door to some of the following catchphrases: ⬛ Simply visit your local branch ⬛ Where money is the root of happiness ⬛ Money does grow on trees ⬛ Putting yew and your money first ⬛ Banking Fir Everyone Anymore? #moneydoesgrowontrees #banketybank #branchingout

💡 Rethinking Banking: The Power of Money Pots💡 I often wonder why high street banks haven't adopted the facility to create ‘pots’ of money. Since I started using Monzo, I’ve noticed a significant improvement in how I manage my finances. The ability to lock away money in a pot to curb impulsive spending is truly groundbreaking! For anyone navigating financial management, especially those of us living with impulsivity, time blindness and memory issues, this feature offers a practical solution to a challenge I’ve faced my entire life. That said, it's essential to ensure that any banking service is financially right for you; I don’t take responsibility if things don't go as planned! Here’s to finding innovative ways to take control of our finances! 💪💰 #FinancialLiteracy #Monzo #ADHDAwareness #PersonalFinance https://lnkd.in/e8QYg_hH

Let's face it; getting a message from the bank isn't the most exciting - even if Monzo Bank's emoji game is pretty strong. Plus, it doesn't help if the messages are boring and full of finance jargon... Or if our online statement fills us with dread (the post-bank holiday scaries hit hard this week). 🥵 Our Banking Communications study shows there's a mismatch between the info consumers receive from banks and what they want to learn more about. Potentially due to the ongoing cost of living crisis, there's a common theme that people want to understand how to get the most out of their savings and the support available to them. Investment was the area people were most interested in learning more about. 🤨📈 We also explored: 🧠 Gaps in consumers' financial know-how 💡 Recall of recent banking communications ⚙️ Features they want to learn more about 🎓 Topics they want to learn about So, banks looking to ✨earn the interest✨ of today's consumer - look no further than this Board for excellent returns 🤑: https://lnkd.in/e7DmjvsF #AppinioUK

Props to Monzo Bank! 👏 This is Monzo’s first above-the-line campaign in five years and it delivers. Everyone talks about money, but we never talk about how money makes us feel. Monzo have flipped the switch on traditional Banking adverts (there are no horses galloping on the beach!) and has produced a dramatic, fast-paced film to show all the negative stresses, and the positive rewards, that money brings. I just love it! What do you think? #abovethelinemarketing #marketing #monzobank #innovation #disruptors https://lnkd.in/g35Zd9PS

How Monzo does assumption testing https://lnkd.in/gnUcP6S4 #CustomerExperience #UserExperience

UK FinTech Nerds - I am slightly irritated... I thought Monzo is the state of the art neo-bank? So why are they loosing customers? I just looked at the Current Account Switch Service dashboard from Pay.UK, which presents the number of full account switches completing in the reporting period Q1/24. Starling and Monzo were loosing customers (net). The net winners are in Q1/24 were Nationwide, Barclays and Lloyds. ? Am I reading the report wrong? ? Do I miss something? Are Monzo and Starling still mainly used as second or third (transactional) accounts? Do people still trust the incumbent banks with their deposit more?

Monzo Bank - I love the fact you have a 5-15’s account now. But I don’t agree that giving children a regular pocket money payment helps build financial skills for life. Ok - I understand the intention is good and having some money enables them to learn how to manage the money. My concern is that by giving them regular pocket money, we’re teaching them they don’t have to work for it. That it will just appear. But what if we went one step further and taught them how to make money in the first place? That they need to find solutions to other people’s problems in order to create value and get paid or that value? This could be so exciting and beneficial - not just to them individually but to the whole of society. Imagine a generation committed to solving problems and adding value. What do you think? #family #financialeducation #finances

On June 3, 2024, Monzo unexpectedly closed Tommy's account with $346 in it. After transferring money, they claimed a refund would take until June 17. Unacceptable delay! Watch out for similar issues. We invite you to share your valuable bank experiences, just like them, and become a member of the BankQuality community. Monzo Bank #bankingproblems #monzo #customerservice #accountclosure #refundissues #bankingtroubles #unexpectedclosure #bankingexperience #customercomplaints #monzobank #bankingfrustration #accountissues #delayedrefund #moneyproblems #bankingconcerns

😲 How things change! This rather dreary photo shows where I started my career. No, not Pizza Express nor Aliment Juicery! Once upon a time this was the Cranleigh branch of NatWest Bank. Who knows, perhaps the vault is now the pizza oven!😋 But it got me thinking how different the world is now, compared to then, and how different it will certainly be in a another 25 years time. Back in '98, nobody had ever heard of a smart phone. Cheques were a standard method of payment (when did you last write a cheque?) and Switch was the new processing system of card payments everyone was excited about.😲 Today, contactless payments can be made on your android or iPhone. Cheques are largely obsolete, as sadly are the branches that used to be manned by the likes of my colleagues and I. So what will the future look like for financial services? From a banking perspective, the likes of Monzo, Starling and other online only banks will surely become bigger players. Banking is no longer the domain of "The Big Four". Exciting times in deed! One thing's for sure though, change only comes from the disruptors. And at the Equity Release Partnership, like the online banks, we'll continue with our partners to fight for disruption, because it's the only way you can innovate and progress. 🛫 #disruptors #laterlifelending #doingsomethingdifferent

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Monzo Bank is planning to go big on business customers and eyes 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻 after doubling the amount of business customers in a year. Monzo, which started rolling out business banking products in March 2020, has now hit 450,000 business customers, up roughly 100% since May 2023. Monzo is currently offering its business accounts only in the UK, but has plans to set them up in other regions soon, Jordan Shwide, general manager of Monzo’s business banking team, tells Financial News. More info: https://lnkd.in/edrFAScz Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]