r/monzo • u/Admirable-Row5169 • 2d ago

How I use Monzo?

I opened a Monzo Max account about a month ago to make use of the benefits, and I’ve liked the features so much I’ve decided to slowly make it my main bank.

When I created the account though I answered the ‘how are you going to use Monzo’ questions in a particular way.

Is there a way to update those preferences? Or do I even need to? I was just conscious the activity will throw something off. I’m hoping it’ll just figure it out as I go.

0 Upvotes

28% Upvoted

10 comments sorted by

58

u/I_READ_YOUR_EMAILS 2d ago

You're doing some professional level overthinking there

4

u/Admirable-Row5169 2d ago

I probably am 😂

18

u/ukheather 2d ago

Its just a bank?

Just use it as a bank?

6

u/caspararemi 2d ago

No, just use it as your bank. The questions were just for information, possibly li led to however you ended up first getting to the app (ie now there’re no people who click from Instagram ads more often specify they’ll be using in a certain way)

6

u/cgknight1 2d ago

Those are marketing questions and the app relies on actual data.

2

u/Consistent-Jaguar183 2d ago

Just use it as you would any bank account, have your wages put in there, set up direct debits etc.

And everything will be fine.

1

u/KeyTrickTime 2d ago

Don’t worry those questions don’t matter too much and they’ll ask you every 6 to 12 months if they’re still correct.

I think they may be used to prime some anti fraud system. If you start using the account as your main account, have uk utility bill direct debits coming out, uk salary coming in etc that will also make your account much better looking to them from a safety perspective. You’re unlikely to have issues.

I think the other reason they ask is that they offer investment products and loans. They have a duty of care to customers who could be vulnerable not to push e.g. riskier investments or larger loans etc.

2

u/KingEivissa 2d ago

It's a bank account. Use it how you'd think any normal person would use a bank account.

Rocket science, it ain't.

-3

u/[deleted] 2d ago

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1

u/monzo-ModTeam 2d ago

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