A side by side comparison of Monzo Premium and Monzo Plus

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We have a few options to choose from when you sign up for a Monzo personal account. There’s our original Monzo account (free), Monzo Plus (£5 a month) and Monzo Premium (£15 a month).

We thought it might be helpful to clearly lay out what you get with Monzo Premium and Monzo Plus in a side by side comparison. So you can see how they differ, and where they’re similar, and then decide which one’s right for you.

Both come with everything that’s in our free Monzo account

Before we dive into the differences, it’s important to point out that both accounts come with everything you get with our original, free Monzo account

That includes – ready? – a UK current account, fee-free UK bank transfers, Pots for separating money, award-winning customer support, instant notifications, Apple Pay or Google Pay, and your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person. Phew.

Now let’s take a look at what you get on top of all of that, for each account.

The two accounts side by side

Monzo PremiumMonzo Plus
CardMetal cardHolographic card
Price£15 a month£5 a month
Minimum term6 months3 months
Age exclusionsMust be 18–69Must be 18 or over
Features
  • Phone insurance
  • Worldwide family travel insurance when you’re travelling together. Exclusions apply.
  • Discounted airport lounge access
  • Other accounts, in Monzo
  • 1.50%/1.49 AER/Gross (variable) interest
  • £600 fee-free cash withdrawals abroad
  • Custom categories
  • Multiple categories per transaction
  • Virtual cards
  • Advanced roundups
  • Credit Tracker
  • Offers
  • Auto-export transactions
  • 5 free cash deposits a month
  • Other accounts, in Monzo
  • 1.00% AER/Gross (variable) interest
  • £400 fee-free cash withdrawals abroad
  • Custom categories
  • Multiple categories per transaction
  • Virtual cards
  • Advanced roundups
  • Credit Tracker
  • Offers
  • Auto-export transactions
  • 1 free cash deposit a month

The key differences

There are 4 things you get with Monzo Premium.com/i/monzo-premium/ that you don’t get with Monzo Plus.

  • A metal card*

  • Phone insurance (provided by Assurant)

  • Worldwide family travel insurance (provided by AXA). By family, AXA means partners and dependent children up to 19 years old (or 21 if in full time education). They’re only covered if they’re travelling with you. Exclusions apply, please read the Ts&Cs.

  • Discounted airport lounge access (provided by LoungeKey)

*the holographic card you get with Monzo Plus isn’t made of metal, but it’s still really nice

And then there are things you get with both accounts, but that vary a little.

Interest on up to £2,000 in your balance and regular Pots (not including Savings Pots)

Monzo Premium1.50%/1.49% AER/Gross (variable)
Monzo Plus1.00% AER/Gross (variable)

Fee-free cash withdrawals abroad every 30 days (3% after that)

Monzo Premium£600
Monzo Plus£400

Free cash deposits at PayPoints every 30 days (£1 per deposit after that)

Monzo Premium5
Monzo Plus1

Get Monzo Premium or Monzo Plus today

You'll need to have the latest version of Monzo on your phone to sign up for Monzo Premium or Monzo Plus. Anyone who has a Monzo account, and is eligible, can upgrade in minutes. Make sure you read the full terms and conditions before you sign up (which you'll find in the app as part of the signup process).

And if you’re completely new to Monzo, download the app here.