Video thumbnail for Why Traditional High-Street Banks Still Have One Massive Advantage

Why Traditional High-Street Banks Still Have One Massive Advantage

Jun 12, 2026
City AM Logo

City AM

While apps like Monzo, Revolut, and Moneybox offer incredible convenience for daily spending, our City Editor Simon Hunt reveals another side to the fintech revolution. From getting permanently banned from features after one mistake to being entirely frozen out of accounts with zero human customer service, we break down why the "future of banking" might actually leave you stranded. Are high-street banks actually better for your hard-earned cash? Tell us in the comments: Have you ever been locked out of your banking app? 0:00 - Are neo-banks actually replacing high-street banks? 0:50 - The Revolut Fraud Blindspot: No way to report it? 1:40 - Why Monzo permanently banned me from a feature 3:10 - The Moneybox nightmare: Frozen out for 72 hours 4:15 - Why Brits refuse to keep their life savings in digital apps #Monzo #Revolut #UKBanking #Fintech #PersonalFinanceUK #Moneybox #BusinessAsUsual Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam
#News