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Tag: relaunches

UK digital bank Monzo relaunches premium accounts after original service flopped

UK digital bank Monzo relaunches premium accounts after original service flopped

Finance
Users of Monzo's premium account, Monzo Plus, will get sent blue cards with holographic foil to makeMonzoBritish financial technology start-up Monzo is giving paid-for checking accounts another go, with a revamped premium service it hopes will help generate a new source of revenue.Monzo, which provides banking services through an app, initially tried to launch a premium offering last year. Dubbed Monzo Plus, the packaged account was eventually scrapped by the firm due to complaints from customers.It has relaunched Monzo Plus as a subscription service that costs £5 ($ 6.30) a month and comes with perks including 1% interest on balances of up to £2000 and credit score checks. That may prove attractive to current users of the firm's "Pots" savings feature, who have seen interest rates decline...
Ikea US relaunches furniture recall after child dies

Ikea US relaunches furniture recall after child dies

Business
Ikea has re-launched a recall of millions of chests and dressers in the US and Canada following the death of an eighth child.It said items in its Malm range and other chests and dressers pose a "serious tip-over and entrapment hazard" if not secured to a wall,Ikea first recalled the furniture in 2016 after four children had died. It has no plans for a UK recall, stating that the chest of drawers "meet all mandatory stability requirements". Josef Dudek, a 2-year-old boy in California, died when he became trapped beneath a three-drawer Malm chest after he had been put down for a nap by his father.Since 2011, four other young children have been killed in connection with the Malm range.A further three children have died as a result of other Ikea chests and dressers tipping over, with the earl...