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Comment by anteht | Hacker News Reader

Very interesting. As far as Mondo goes, it's great so far - am on the alpha program and have been using it for almost a month now and very impressed by it. Using it abroad was the main selling point, as that's always a mess otherwise. Basically how banking should be in a modern day and age, even though it's only with a prepaid debit card at the moment.

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Can you or anyone else using the alpha give a bit more detail about what you love about it?

How is the app compared to say Barclays or some other mainstream bank? Is everything via the app rather than the website?

They have an API I think which is pretty cool for a bank, and I'm seriously interested. Disappointed to hear they won't be doing business accounts too, but I guess they want to stay focussed for now.

Someone just posted a write-up https://medium.com/@johnwmidgley/going-fullmondo-8a536bc758a...

Thanks.

Using a debit card just seems like throwing away what should easily be 1%+ in terms of possible rewards value by using a credit card instead? Not to mention stronger protections.

On the other hand though (at least in my experience in the UK) there are still retailers such as airlines/hotels/transport companies that will penalise you for using a credit card.

I've even seen in small shops signs that say they only accept debit cards.

On the other hand most UK current accounts at the moment are giving decent rates on balances (my bank gives me 3% on balances between £3000-£20,000 as well as direct debit cashback on bills and utilities).

The write-up posted as a response collects most of the points, especially the travel one.

I don't use it for all my transactions but the reporting of balance/spending history is a really nice feature, as well as the instant notifications.

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