Cyprus Mail
Letters

Banks pushing customers towards Revolut and Monzo

If an EU citizen could give their business to any EU bank, then competition would be massive.

However, the EU requires that its citizens do their banking in the country where they reside, which automatically puts smaller states at a huge disadvantage because they don’t have as much choice as larger countries.
But perhaps this situation is already changing?

Mobile/Virtual Banks like Revolut and Monzo are now VERY popular with young adults all over the EU, and the range of services that they offer is rapidly increasing.

CoM

Our View: Time Competition Commission stepped in over bank attitudes



Related posts

Cyprus government should have invested in free tests from the very beginning

CM Reader's View

Rethinking my home is my castle

CM Guest Columnist

Our View: it’s not the time for hospital management and unions to be bickering

CM: Our View

On yer bike

CM Guest Columnist

Controversy continues for the new Paphos-Polis highway

CM Reader's View

You can teach a kid to use a toilet, with dogs it’s a bit more difficult

CM Reader's View