There has been a lot of talking from the fintech community with ‘our current account is coming soon…’ but very little substance. Starling are the exception and have put up a half decent full current account and hats off to them.
Atom, Monzo and Tandem seem to have taken an age to get anywhere if at all. Atom and Tandem have given up, Monzo May have something next year, after some veiled hopes it may have happened fully this year. A current account launch is so far a very slow release of preview accounts.
Next year could be interesting with Virgin also allegedly opening a more fuller current account they have great customer service and actual stores. They could be a decent competitor, they already offer overseas free cards, with a flat £1.50 withdrawal on cash overseas which may be a more sustainable model longer term.
Everyone will have to up their game to compete. Should be good for customers.