Is Monzo a debit card?

Keep seeing a ‘bright pink’ card but not quite sure what it is? It’s a Monzo debit card! And you can use one with your Monzo bank account.

Monzo is a bank! Like all other banks in the UK, we have a banking licence. And we’re authorised by the Prudential Regulation Authority (PRA) and regulated by the PRA and the Financial Conduct Authority (FCA).

Monzo accounts are bank accounts. They come with account numbers and sort codes. You can make bank transfers, set up Direct Debits and standing orders, get paid, and do all the other things you’d expect from a bank account.

And just like other bank accounts, your eligible deposits in Monzo are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.

Monzo cards are debit cards. Get paid or make a bank transfer into your Monzo bank account. Then use your hot coral card to pay as normal!

Use Monzo to spend, budget, earn interest on your savings – and much, much more! Here are 11 reasons why it’s worth getting Monzo.

Open a Monzo account today! Just download the app to get started 👇