{"id":65932,"date":"2017-09-09T13:00:00","date_gmt":"2017-09-09T06:00:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/monzo-it-might-just-be-the-future-of-banking\/"},"modified":"2017-09-09T13:19:43","modified_gmt":"2017-09-09T06:19:43","slug":"monzo-it-might-just-be-the-future-of-banking","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/monzo-it-might-just-be-the-future-of-banking\/","title":{"rendered":"Monzo? It might just be the future of banking"},"content":{"rendered":"


\nThe smartphone-only bank account has rapidly built an almost cult-like following among young adultsTen years ago this week thousands of people were queueing outside Northern Rock to take all their money out. A decade on, 25,000 people are currently queueing to put their money into a bank \u2013 one that appears to have won an almost cultish following among young adults.Anyone without a smartphone (and even most of those with one) and anyone over 40 years old is likely to be unaware of the Monzo phenomenon. So excited are young adults about this new bank account (that\u2019s right, young people excited about a bank account) that they are clambering to join. About 400,000 have already done so, happily coughing up a \u00a3100 deposit rather than taking the \u00a3100 giveaway that other banks hand out to new customers, while a further 25,000 are waiting to get in the door. Meanwhile, the 32-year-old who runs it, Tom Blomfield, confidently predicts one billion customers in five years\u2019 time as Monzo, or something like it, becomes the \u201ccontrol hub\u201d for all your financial arrangements, from savings to spending, from current accounts to utilities. And yes, he did say one billion rather than one million. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Monzo? It might just be the future of banking<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The smartphone-only bank account has rapidly built an almost cult-like following among young adultsTen years...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-65932","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-h9q","jetpack-related-posts":[{"id":88747,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/monzo-is-one-of-the-best-ethical-current-accounts\/","url_meta":{"origin":65932,"position":0},"title":"Monzo is \u2018one of the best\u2019 ethical current accounts","date":"May 19, 2018","format":false,"excerpt":"\r App-based challenger bank comes out on top of rankings by Ethical Consumer, along with Triodos and the EcologyApp-based bank Monzo has been named a \u201cbest buy\u201d for current accounts by a leading ethical body.It joined Triodos Bank, Ecology Building Society, Charity Bank, Co-op Insurance, Ecclesiastical Insurance, Royal London and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fraud-heres-how-scammers-get-away-with-it\/","url_meta":{"origin":65932,"position":1},"title":"Fraud: here's how scammers get away with it","date":"July 7, 2018","format":false,"excerpt":"\r Online bank Monzo reveals the most common cons, from stolen cards to student \u2018mules\u2019Digital bank Monzo is one of the fastest-growing new banks in Britain, opening 750,000 accounts over the past two years. Now, in an extraordinarily candid move for a bank, it has thrown open its doors to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72223,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/monzo-plans-crowdfund-ahead-of-float\/","url_meta":{"origin":65932,"position":2},"title":"Monzo plans crowdfund ahead of float","date":"November 19, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Monzo plans crowdfund ahead of float","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92925,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/monzo-losses-widen-but-the-digital-banks-user-numbers-surge\/","url_meta":{"origin":65932,"position":3},"title":"Monzo losses widen but the digital bank's user numbers surge","date":"July 2, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Monzo losses widen but the digital bank's user numbers surge","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-rapid-rise-of-banking-app-monzo-zuckerberg-would-turn-up-and-talk-about-everything-that-went-wrong\/","url_meta":{"origin":65932,"position":4},"title":"The rapid rise of banking app Monzo: 'Zuckerberg would turn up and talk about everything that went wrong'","date":"August 6, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...The rapid rise of banking app Monzo: 'Zuckerberg would turn up and talk about everything that went wrong'","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/holiday-money-how-to-find-the-best-cards-and-currency-rates\/","url_meta":{"origin":65932,"position":5},"title":"Holiday money: how to find the best cards and currency rates","date":"June 23, 2018","format":false,"excerpt":"\r Our guide on avoiding bank charges and making your cash go further this summerPicking the wrong plastic to use while on holiday abroad this summer could prove a costly mistake, but the good news is that there are a growing number of fee-free debit and credit cards available.App-based banks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65932"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=65932"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65932\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}