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Comment by SideburnsOfDoom | Hacker News Reader

The killer feature for both Monzo and Revolut, is that when you use the card to pay for something, the app notifies you immediately. Sometimes it's fast enough that you have confirmation of the transaction before the merchant does.

_edit_ I didn't mean to imply that this was _unique_ to only Monzo and Revolut worldwide. But it is unusual in the UK - it is it is something that regular UK Big banks don't do, or are rushing to catch up with now.

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I (think I) have that with an Amex card linked to Apple Pay.

I get the iOS notification instantly when I pay for something with the card, whether in person or online.

Is this something more? (I'm a potential adopter if so)

Talking about Revolut (and I have the Metal package):

1) good fx rate, I think it's google exchange rate with no fees for converting from/to various currencies

2) really easy transactions between friends (makes it really easy to settle up our holiday bills, could have an integration with Splitwise...)

3) almost instant feedback in the app about purchases

4) really nice analytics

5) virtual (unlimited?) cards, each with their own limit: I have a virtual card for my online purchases and my physical card has online purchases disabled

6) despite what others said, I've found the customer support to be all right

7) traveling insurance

8) (don't remember the exact amount) cheap-ish device insurance (eg for my phone)

9) metal card (as in, not a piece of plastic)

10) accounts in a shitload of currencies (used gbp, euro and usd so far)

11) contactless (but well, all cards seem to be like that)

12) (not using this) one can buy crypto coins via the app

N26 also does this. Also sometimes faster than the merchant.

Amex app does this. Instantly.

No it doesn't. Apple Pay can notify you if you've connected the Amex there, but the notification doesn't come from Amex app, at least on iOS.

Edit: It seems the functionality is there, but it doesn't work for Contactless, which is the majority of transactions I've done.

I have both an Amex and a Monzo account, and the Monzo account is far more reliable than the Amex when it comes to instant notification. Yes, both have this feature, but I've found that only Monzo does it 100% reliably.

My capital one card does that too.

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