Monese changes from December 19th 2023

[elguiri]

Monese finally have convinced me to close my account, rather than keep it open on the offchance they offer discounted giftcards again:

From 19 December 2023, we’ll be making some changes to our Simple plan. Because you’re currently on this plan, we wanted to share the details with you.
What’s changing
Our Simple plan fee changes:
• Outbound payments in your local currency: £1/1€/5 lei per transaction (currently 50 free per month, 20p/20c/1 lei fee after)
• Sofort top-up fee: 2€ per transaction (currently 200€ free per month, 2% fee after)
• Virtual card fee: 30p/30c/1.5 lei per card (currently free)
• Inactive account fee: £1/1€/5 lei per month after 12 months of not using your account and card
• Payment recall fee: £20/20€/100 lei
• Card express delivery fee (1-5 days depending on your location): £25/25€/125 lei
Our Simple plan allowance changes:
• No free allowance for card spending in a foreign currency (currently £2,000/2,000€/10,000 lei free per month)
• No free ATM allowance (currently £100/100€/500 lei free per month)
• No free allowance on outbound local payments (currently 50 transactions per month)
• No free allowance on Sofort top-ups (currently 200€)

[Nomad]

Same here. I wonder if they survive at all

[Toaster]

I actually use my account for a couple of direct debits. Do these count as outbound payments in local currency?

[SteveJ]

Shame they’re not part of the current account switch service, no money to be made from leaving!

[Jon]

Is there any reason to keep it anymore? Any sweet spots? Haven’t used mine in well over a year and only keep it as a just-in-case backup. Will close it unless I can find a good reason not to. Bit of a missed opportunity by Monese not to include in their email any reminders of whatever benefits it does still have.

[andiron]

SteveJ wrote:

Shame they’re not part of the current account switch service, no money to be made from leaving!

Someone managed to switch to First:
https://www.headforpoints.com/forums/topic/bank-account-switching-co-op-bank-bonus/page/3/#post-496849

[Bill]

email just landed with me. i can’t see any reason to keep this now

[Aston100]

The email wording feels like it is intended to lose customers on the basic plan.

Also I’m surprised to read that someone claims to have switched from Monese to another bank.