Monzo+ (Monthly fee current accounts)


#1

So it looks like Monzo+ has soft launched to an incredibly mixed (meek) reaction.

It got me thinking, if Dozens were to offer a plus account, what interesting things could they offer as part of a paid package that would encourage you to sign up?

I’m hoping we could brainstorm some cool savings based rewards and perks that Monzo, with their savings products being third party/largely crap, couldn’t offer?

Go!


#2

Right now I can’t think of any savings themed products I’d like as a premium offering.

However, in my opinion the baseline of any premium offering from a mobile-based bank should be gadget insurance (preferably including loss and theft cover).


#3

Nice.

I’d like the idea of fully managed and diversified S&S ISA Portfolios as well as fixed allocation options, Fully Managed Pension Index Funds would be nice to see to.


#4

Not keen on packaged accounts, as I’ve found that, unless it’s your only product, there will be tons of redundancies, as a lot of companies spread offers on their stuff like butter. And paying three times for the same service is NOT financial savvy. Now, if you were to make it a point based thing, so you can pick and choose, that might make a BIG difference


#5

Yeah I’ve always been a fan of bolt ons rather then a packaged account filled with stuff you wouldn’t need.

I think pick and choose and build your own monthly fee your happy with, with services you’re going to use.


#6

Very much so, engaged new customers are more likely to boost signal for your service, instead of the usual, ‘‘yeah, I have it free, never used it though’’ :stuck_out_tongue:


#7

I think Dozens doesn’t need to touch any bolt ons/ Monthly fee account as its USP is so strong. There is basically no savings account(either high street or actual bond((That doesn’t have a healthy amount of risk attached))) that I can think of that goes anywhere close to 5% in bond. Monzo was the top fintech and now everybody has caught up and they have run out of ideas and aren’t willing to take a risk or be innovative