randomvectors

There is so much variation from company to company within each of those titles that the distinction between them basically doesn't exist. So if you particularly care about the title - apply for jobs with that title.

It's unlikely they will move out of the market which gives them the most recognition as a brand and accounts for a disproportionately high % of their revenue.

Is there any conclusive evidence for this?

Over the last day since you wrote this I opened an account with Tandem, had to start a savings account with them even though I wasn't interested in it, applied for the cashback card, got declined despite of a good credit score, and closed my account. The person who I contacted about the account closure was ending his messages with ":D". Just a bad experience overall and I wouldn't recommend it.

Revolut isn't just a prepaid card. What they offer is very similar to Monzo, even if they started out differently. That's why they're competing with each other and it's fair to compare them.

Yep, that's a massive positive that I forgot to mention. In that space they're competing with Revolut rather than the traditional banks. Many people's setup will be traditional bank for everyday banking + Revolut for travel. Monzo can potentially replace both if it gains traction and people trust it enough.

> Can you top up your HSBC account with a credit card from another bank? A Monzo account is just another bank account.

That's a good point. But with the low exchange rate and a modern app, they're also (willingly or not) competing with Revolut. I can top up a Revolut account with a credit card.

This is where they actually bring value right? - Delivering a good banking product outside of the UK.

Because as a UK customer I see no reason to switch after trying Monzo for a couple of months.

Positives:

- a nicer mobile banking app

Negatives:

- no credit cards and no option to top up using a credit card from another bank

- no physical branches

Everything else is comparable to most other banks in the UK. Which isn't bad, just nothing worth switching banks for.