FinSocio

I've carried a Revolut card for around 12 months now, and in preparation of my next vacation thought I would check out the market to see what other offerings there are now. A forum entry on MoneySavingExpert spoke well of Monzo , so I thought I would give that a go in competition to Revolut. I already vaguely know of Monzo, I run product management for corporate banking at Finastra  and had met some of the guys from Monzo at a customer event we ran last year. Their ideas sounded great, if not perhaps over ambitious - build an open, api-based banking system from the ground up - not something to be undertaken lightly! Anyway, let's get to the point. Both Revolut and Monzo issue pre-paid debit cards that offer cross-currency transactions where no load is added to the underlying Mastercard rate. No more heinous fees at the Bureau de Change any more, or your bank loading the exchange rate AND charging you a foreign currency transaction fee. The first step on the jour...