I suppose when it comes to opening a line of credit - being able to sign up and have everything approved and ready to go in minutes (at a reasonable interest rate) is the differentiator here.
The products offered by Revolut, Monzo et al are debit accounts, when you open an account with them you're not opening a new line of credit. With a debit account I assume on the whole the level of risk which the bank takes on is significantly less than opening a new line of credit.
As for the features you mention I concur - these are all well established here in the UK.
The products offered by Revolut, Monzo et al are debit accounts, when you open an account with them you're not opening a new line of credit. With a debit account I assume on the whole the level of risk which the bank takes on is significantly less than opening a new line of credit.
As for the features you mention I concur - these are all well established here in the UK.