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Make your money more Monzo

Automate bills. Organise how you spend. Save in clever new ways. Apply for a full UK current account in 10 minutes, for free.

UK residents only. Ts&Cs apply.

  • Current Account Switch Guarantee
  • FSCS protected
  • Best Banking App Winner 2023

9 million people bank with Monzo. Join them.

Free account overview screen

Get a fully regulated UK current account on Britain’s Best Banking App.

Saving pots app screen

Make your account feel more you with custom Pots. Use them to separate your money, save, and sort bills.

Bank account activity analysis on trends app screen

Learn about your spending habits with weekly and monthly insights.

The Monzo app showing their balance, and a notifaction on a spend from sainsburys

Get to know where your money goes

See instant notifications the second you pay. Then set budgets for things like groceries and going out, and get alerts if you’re spending too fast (if you want them).

Grow (and grow and grow) your money

Earn 4.10% AER interest (variable)

Paid monthly with an Instant Access Savings Pot or Instant Access Cash ISA. Deposit up to £100,000 with no minimum deposit, and access your money at any time.

Explore Savings Pots

Invest in your future

Invest as little as £1 in a choice of 3 investment options, and the experts will take care of everything for you.

The value of your investments could go up or down and you could get back less than you put in.

Explore Investments

Save as you spend

Every time you spend money, we’ll round it up to the nearest pound and put the spare change in a Pot for you. All you need to do is switch on roundups.

People on Monzo save on average £100 extra each year this way.

Explore Savings Features
The Monzo app shows a set of scheduled payments and a notification from Thames water

Banish bill admin

Set up Direct Debits and standing orders to come directly from a Pot. So things like your council tax, Wifi and gas bill can come straight out of your Bills Pot.

We’ll also let you know if a bill’s more expensive than it was last month, so there’s no nasty surprises.

Someone splits a Pizza Express bill with 4 friends in the Monzo app

Spend with friends

We’ve been saving the nation from sending awkward ‘pay-me-back’ texts since 2018. Split bills, send payment reminders, and stay on top of joint costs.

We’ll work out who owes what and make it easy to settle up, even if someone’s not on Monzo.

Free yourself from travel fees

Get the real exchange rate

We don’t charge fees for spending on your card abroad, and we pass Mastercard's exchange rate directly onto you, without extra charges.

Stay in the know

You’ll see the real exchange rate in the app when you land. We'll also send you a spending report so you can look back on the cost of your trip.

Make free cash withdrawals

If Monzo is your main bank account, make unlimited fee-free cash withdrawals abroad in the European Economic Area (EEA), and up to £200 every 30 days for free outside the EEA. After that, we’ll charge 3%.

Rochana chats with customer support on the Monzo app

Speak to us wherever, whenever

We don’t have opening or closing hours. That means you can speak to a real-life human through in-app chat, whenever you need to, wherever you are.

Get more bank for your buck

Upgrade your personal current account based on what’s important to you. Here’s what you get with Max, our top plan:

Aged 18+ (18-69 for Max) • UK residents • Ts&Cs apply

Choose how you borrow money

Whether you need an overdraft to cushion your current account or a loan for bigger buys, we’ve got options.

An illustration of a Flex credit card

Flex Credit Card

Explore Flex
A message in the Monzo app lets a customer know they are speaking to a real person at monzo

We’re serious about your security

We use industry-first technology, like a tool that tells you whether or not you're speaking to a scammer in real time, to keep you safe. You can freeze your card instantly if you need to, or speak to one of our experts in-app if something doesn’t feel right.

Everything you want and need from your bank, in one hot coral package.

A fully licensed UK bank

That means we're regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Protection for your money

The Financial Services Compensation Scheme (FSCS) protects your eligible deposits in Monzo up to a value of £85,000 per person.

A better way to manage cash

With features like in-app cheque deposits, and cash deposits across all UK Post Offices and PayPoints.

24/7 customer support

We don’t have opening or closing hours. Message us in the app whenever you need help, wherever you need it.

Loans and overdrafts

We offer loans up to £25,000 and overdrafts up to £2,000. You can check if you're eligible without affecting your credit score.

Interest on your savings

Earn 4.10% AER (variable) paid monthly with an Instant Access Savings Pot. Deposit up to £100,000 with no minimum deposit, and you can access your money anytime.

Published February 2024

Independent service quality survey results

Personal current accounts

As part of a regulatory requirement, independent surveys were conducted to ask customers of the largest personal current account providers in Great Britain and Northern Ireland if they would recommend their provider to friends and family. The results represent the view of customers who took part in the survey.

Published October 2023

Authorised push payment (APP) fraud rankings in 2022

Authorised push payment (APP) fraud happens when someone is tricked into transferring money to a fraudster's bank account.

These charts use data given to the Payment Systems Regulator (PSR) by major banking groups in the UK in 2022.

You can read the full report by visiting www.psr.org.uk/app-fraud-data

Share of APP fraud refunded

This data shows the proportion of total APP fraud losses that were reimbursed, out of 14 firms. Higher figure is better.

Graph one shows Monzo is ranked 12/14 for share of APP fraud refunded.

APP fraud sent per £million transactions

This data shows the amount of APP fraud sent per million pounds of transactions, out of 14 firms. Lower figure is better.

Graph two shows Monzo is ranked 3/14 for APP fraud sent per £million transactions.

APP fraud received per £million transactions: smaller UK banks and payment firms

This data shows the amount of APP fraud received per million pounds of transactions, ranked out of 20 firms. Lower figure is better.

Graph three shows APP fraud received per £million transactions: smaller UK banks and payment firms. Monzo is not featured.

APP fraud received per £million transactions: major UK banks and building societies

This data shows the amount of APP fraud received per million pounds of transactions, ranked out of 20 firms. Lower figure is better.

Graph four shows Monzo is ranked 13/20 for APP fraud received per £million transactions: major UK banks and building societies.

Download your new favourite bank

Download the Monzo app on iOS or Android and join more than 9 million people who've changed the way they bank.