No more debit card funding

For those that still use it, is there any particular reason you use this over just transferring funds to the account?

I’ve never used the card top up option and didn’t realise that many people did.

1 Like

Debit card finding is extremely fast and pulls the funds, so you don’t have to go into a stupid banking app to push them over instead.

Settle Up works with Google Pay.

I don’t need to walk around with banking apps on my phone that I don’t want.

Loads of reasons.

You can also top up with Curve, effectively topping up your current account with credit cards, if you so desire.

I just don’t see how it could ever add up for the bank though. Monzo drastically cut down the feature because it was costing so so much.

Starling has done the same now, albeit with a bigger settle up allowance. dozens has already become a bit more restrictive.

Only Revolut holding the flame, as it were, for fee-free debit and credit card topups

But isn’t that the point of fintech? To try and do things differently to a tradional bank?

I think it was a good facility to try and onboard people who were new to / dubious about fintech. It was certainly the case for me.

I installed both Starling and Monzo (while Monzo was still a pre-paid), and topped both up as-and-when from my main current account debit card, as I didn’t even use internet banking (serious financial technophobe)

It had the desired effect, as I switched my main current account after a few months of trying it for my every day spending.

But now they’re both established banks, and more people have actually heard of them, I guess the need for this option isn’t really there anymore?

Just my opinion anyway.

1 Like

Does that not class as a cash advance?

They actually increased their minimum top-up from £1 to £10, $10 to $20 and 100¥ to 1000¥ sooo

Must mention payment links still have old limits though

Why do you think Curve has such high monthly usage?

1 Like

Because they market to business users who funnel through their business expenses too

I know that curve has taken steps in the past that were meant to make cash withdrawals from credit cards difficult due to them now passing on the correct MCC.

Unless I’m mistaken?

Here are the details for a Settle Up transaction with Curve plus MBNA as the underlying card

Clearly shows as a purchase and has been charged as such

Cash withdrawals are much more tricky. Simply topping up a current account most of the time won’t attract fees, with a few exceptions like Natwest and Tesco

1 Like

That’s interesting, thanks a lot!

I’ll give it a try on a couple of cards and let you know how it goes :slight_smile:

Don’t suppose you have a NewDay Ltd card laying around?

I have an Amazon card, which I think is offered by New Day.

Yep it is :slight_smile: