Also, just to note, Monzo USA and Monzo UK are identical in name only. The US version has a fraction of the features of the UK version and they don't seem to be iterating as quickly as other neobanks after Simple's departure.

I switched to OneFinance and have been generally happy with it as it caters most closely to the old Simple methodology, especially with configurable overdraft that was launched last month.

If anyone has experience with the others and how they've matured since Simple's departure, I'd be interesting to hear what you like and what you're excited for on their roadmap!

I think you’ve missed a couple of details. The loans are provided by square’s ILC, and the checking account is an FDIC insured one with Suffolk bank.

So ‘just like a bank, with the same security’ would be more accurate.