#24

They don’t apply the same “minimum monthly deposit” rules as many accounts, though, so you can continue to use it as you did the top-up card. I just make weekly transfers from my ‘proper’ account to my Monzo account (and you can still do that using the app too)

I love it, such a good way of managing spending (plus the free overseas transactions, obvs)

#25

I don’t use it as much as I thought I would/should.
You’re spending £100 a month on take aways…yeah I know what you want me to do about it

2 Likes
#26

Spend more?

#27

I’d bank with Dave Fishwick.

I was pretty upset when the FSA (as it was) didn’t grant him a banking licence. Wonder what Monzo did differently to secure theirs?

#28

Starling is quite similar to Monzo I think and it doesn’t have an investment arm so as far as I know doesn’t have any blood on its hands from weapons money and what not:

https://www.starlingbank.com/

#29

Have had a current account, joint account, savings and credit card with Smile for a decade and a half. No bother. The hedge fund incursion made me pause for thought, but better options are limited so I haven’t jumped yet. The Co-op love-in with the Labour Party pisses me off every time I remember. Grrr.

Ms&MiniWza are with Nationwide. Horror show adverts aside, I’ve been impressed.

Mortgage with Yorkshire BS. Also very pleased with them. Exceptional in branch service. Would probably set up a current account with them, if they had one. Savings only, though they do have an active access savings account with a Link card, and I use my credit card for every card purchase, so that might work. Prolly can’t set up direct debits on it, though. Hmmm.

Fuck banks. (But not @banks, obv.)

#30

There’s probably more of a point to ask your pension provider to change the way they invest your pot.

They are institutional investors and far more likely to hold diverse assets that could include equity in companies and industries you might not ethically agree with.

#31

Almost bound to if you actually want a pension when you retire.

#32

Well, who knows? It’ll be more volatile, sure.

#33

If your pension doesn’t have anything to do with the big money-making industries of the day then it’s bound to suffer in the long-run. And we all know what sort of industries they are. Granted you might see a return, but it’s a nailed on cert that it’ll be a lower one. But that’s ethics aint it.

I have no choice since my pensions are all either government or occupational, although for AVC investments my current employer does give you an ethical option and indeed also a sharia option should you want it.

#34

In my experience, you are able to call the pension provider directly and ask for your pension contributions to be transferred to its ethical funds, even if you are a part of a workplace scheme.

#35

No such thing. And I wouldn’t anyway.

#36

Just to clarify, all my pensions are defined benefit. There is no choice where to invest. That said the trustees at my current one do pay lip service to various ethical issues.