Monzo
UK digital bank — current accounts, savings pots, credit cards, and spending insights in one app
| What is it | UK digital bank — current accounts, savings pots, credit cards, and spending insights in one app |
|---|---|
| Pricing | Freemium — from £3/mo |
| Free tier | Yes |
| Platform | Mobile App |
| API | Yes |
| Works with | IFTTT |
| Best for | managing day-to-day spending with instant notifications, saving automatically with roundups and Pots |
| Domain registered | 1998 |
Data updated Aug. 1, 2026
What does Monzo do?
Monzo is a UK digital bank that offers current accounts, savings options, credit cards, and business accounts through a mobile app. It provides instant spending notifications, the ability to create up to 20 Pots to separate money, and fee-free payments abroad. Users can also earn cashback at selected retailers and access savings accounts with competitive interest rates.
The app gives you a clear view of your spending with real-time notifications and credit insights. You can set up automated roundups to save spare change, sort your salary into different Pots as soon as you're paid, and track your financial goals. Monzo also offers paid plans (Perks, Max, Extra) that add benefits like a boosted savings rate, travel insurance, and a Railcard. Customer support is available 24/7 through in-app chat with real people.
Monzo is best for UK residents who want a straightforward, app-based bank account with useful budgeting tools. It works well for individuals looking to manage everyday spending, save automatically, and earn interest on savings without locking money away. Business owners can also open a dedicated business account with features tailored to sole traders and limited company directors.
Key features
What makes it stand outWho is Monzo for?
Who benefits most from this toolPricing
Free tier available — start without a credit cardMonzo
- A UK current account
- FSCS protection up to £120,000
- All Monzo features
- Monzo's Saving Challenge (No interest)
- Billsback™ (3 month free trial)
- 1 Credit Score
Extra
- Connected banks and credit cards
- Virtual cards
- Advanced roundups
- Custom categories
- Auto-spreadsheet
- 2 Credit Scores
- Instant Access savings rate 2.75% AER (variable)
- Select Access savings rate 3.15% AER (variable)*
- Fee-free cash withdrawals abroad up to £200
- 3 fee-free cash deposits
- Discounted investment fees
- Billsback™
- Monzo's Saving Challenge (5% AER)
Perks
Everything in Extra, plus:
- Annual Railcard
- Weekly Greggs treat
- Monthly cinema ticket at Vue
- Annual Uber One membership
- 0.50% AER boost on Instant Access and Select Access Savings
- Instant Access savings rate 3.25% AER (variable)
- Select Access savings rate 3.65% AER (variable)*
- Fee-free cash withdrawals abroad up to £600
- Billsback™
Max
Everything in Perks, plus:
- Worldwide travel insurance
- Worldwide phone insurance
- UK & Europe breakdown cover
- Bold coral card (Burnt coral for Max)
- Instant Access savings rate 3.25% AER (variable)
- Select Access savings rate 3.65% AER (variable)*
- Fee-free cash withdrawals abroad up to £600
Trust & presence
Gallery
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