There has been a lot of chat about Monzo but don't forget about Starling Bank that is a true current account with bank switching, faster payments and FSCS protection up to £85,000. Apple Store:https://itunes.apple.com/gb/app/starling/id956806430Google Play:https://play.google.com/store/apps/details?id=com.starlingbank.android
It has the same fee free spending abroad as Monzo and they are quite similar in most aspects currently, except that Starling is a current account not a prepay account. This means that money in Monzo is not protected under FSCS until it becomes a current account.
Starling is a full bank account complete with sort code and account number. You can pay people instantly, set up direct debits and standing orders, and you’ll get a globally-accepted Contactless Mastercard debit card too. Your money is protected up to £85,000 with the FSCS.
- Open an account in minutes all from your mobile
- No charges when you use your card abroad
- Zero monthly account fees
- 24/7 In app customer support via: Live Chat, message and email.
There is a approximately a 10-14 day wait when I last checked.