It’s been almost 4 years since we launched Monzo Plus and 3 years since we launched Monzo Premium. Today, we’re introducing Extra, Perks and Max – 3 brand new ways to upgrade your personal current account based on what’s important to you.
Since we launched Plus and Premium all those years ago, our community of subscribers has doubled in size. We’re catering to a wider range of people now and we need our upgrade options to meet their wants and needs.
Already got Plus or Premium? You don’t have to give up your subscription now the new plans are here. We'll cover this in more detail later.
Introducing Extra, Perks and Max
It’s our mission to make money work for everyone. And with these 3 brand new plans, we’re giving you even more ways to make your Monzo account work for you.
A bit like with packaged bank accounts, Extra, Perks and Max are ways for you to add benefits on top of all the good stuff you get for free.
Whether you go for Extra, Perks or Max is really a question of which plan best suits your needs and where you’re at in life. Let’s introduce you to them one-by-one and then we’ll show you them side-by-side in a comparison table so you can see how the benefits stack up with each plan.
Extra – make money that bit easier
£3 a month • Aged 18+ • UK residents only • Ts&Cs apply
Extra is the plan that gives you the best of Monzo money management. Connect your other banks and credit cards to see them in Monzo, and get credit insights to improve your credit scores and credit health.
Extra also comes with all of this.
Custom spending categories to help you understand where your money goes so you can make changes (or keep doing what you're doing).
Virtual cards to so you can create and delete extra cards for budgeting and security reasons.
Advanced roundups to make your spare change go further. Turn them on and every time you spend we'll put 2, 5 or 10 times the spare change aside for you, depending on which multiplier setting you select.
Auto-spreadsheet adds your transaction information to a Google Sheet called ‘Monzo transactions’ and keeps it updated in real-time. That way you have a record of your account activity that you can zoom into the detail of, or zoom out for the bigger picture.
Fee-free cash withdrawal allowances with unlimited withdrawals in the UK and European Economic Area, and £200 fee-free every 30 days elsewhere.
Includes our signature Hot Coral card
When you sign up to Extra you'll order our signature Hot Coral debit card. If you’re already a Monzo customer with our free account, you’ll keep using your Hot Coral card as normal.
If you’re a Plus or Premium customer and you're not ready to part ways with your holographic or metal card, you don't have to! When you move to Extra we’ll give you the option to keep your current card until it expires.
Perks – the best things pay for themselves
£7 a month • Aged 18+ • UK residents only • Ts&Cs apply
Perks gives you everything you get with Extra, as well as these.
Our best savings rate of 4.60% AER (variable) interest on your Instant Access Savings Pot and Cash ISA.
A weekly Greggs treat so you can claim a sausage roll, regular hot drink, doughnut or muffin from Greggs every single week.
An annual Railcard from Trainline to save 1/3 or more on eligible train journeys.
You also get unlimited fee-free cash withdrawals in the UK and EEA, and £600 fee-free every 30 days elsewhere, 3 fee-free cash deposits every 30 days and a discounted investment fee when you invest through Monzo.
Includes our brand new Bold Coral card
It’s the original Hot Coral except we’ve pushed all the dials up on the mixer to create a bigger, bolder look.
The card itself is made of rPVC (or recycled plastic, in everyday language) and we’ve put your details on the back for a clean, minimal front.
Again, if you’re a Plus or Premium customer and you're enjoying your holographic or metal card, you don't have to give it up. When you move to Perks we’ll give you the option to keep your current card until it expires.
Max – get more life for your money
From £17 a month • 3 month minimum • Aged 18–69 • UK residents only • Ts&Cs apply
Our Max plan gives you everything you get with Extra and Perks – including the weekly Greggs treat, the annual Railcard, 4.60% AER (variable) interest on Instant Access Savings – plus worldwide phone insurance, worldwide travel insurance, and UK & Europe breakdown cover.
You can extend your phone, travel and breakdown cover to your family for an extra £5 a month. Exclusions apply.
Worldwide phone insurance
Protect your phone and accessories from loss, theft and accidental damage, including cracked screens. For phones worth up to £2,000 and accessories up to £300, like headphones and chargers if they’re lost, stolen or damaged at the same time as the phone.
By ‘family’, Assurant means your partner living at the same permanent address and dependent children under 20 years old (or aged 21 years old or under if in full time education).
Provided by Assurant. £75 excess for any successful claim. Max 2 claims in any 12 months. Ts&Cs apply.
Worldwide travel insurance
Multi-trip cover for cancellation up to £5,000, medical bills up to £10m, lost valuables up to £750, winter sports, a car hire excess waiver up to £3,000, and more.
If you opt for the family cover you and your family members are even covered when you're travelling independently from each other. Exclusions apply.
By ‘family’, Zurich means your spouse or legal partner (including any couple in a common law relationship living permanently at the same address) and financially dependant, unmarried (or not living with their partner) children aged 19 years old or under at the start of a trip (or aged 21 years old or under at the start of a trip if still in full time education). Family members must be named on the policy. Exclusions apply.
Provided by Zurich, powered by Qover. £50 excess for any successful claim. Ts&Cs apply.
UK & Europe breakdown cover
Personal cover for you as an individual, rather than covering a particular vehicle. That means you’re covered in any valid vehicle as a passenger or driver. Includes at home assistance, onward travel and vehicle recovery to keep you moving.
For Europe and onward travel you need to have had Max for 24 hours before you can claim.
If you extend your cover to include your family, just like with the individual cover, you and your family members are all covered in any valid vehicle as passengers or drivers. Exclusions apply.
Provided by RAC. Ts&Cs apply.
Includes our brand new Burnt Coral card
It's the original Hot Coral but with a darker, smokier look on the front and our original colour on the reverse. The card itself is made of PVC (or plastic, in everyday language) and we’ve put your details on the back for a clean, minimal front.
Just like the other plans, if you’re a Plus or Premium customer and you're fond of your holographic or metal card, when you move to Max we’ll give you the option to keep your current card until it expires.
Compare the plans side-by-side
Some people just love a table. Check out the new plans in the comparison table on our website to see how the benefits stack up.
Make Monzo more you
Upgrade your Monzo account to Extra, Perks or Max today.
Monzo Plus and Monzo Premium – what's changed?
If you’ve got Plus or Premium, you might have a few questions about the new plans. In this section we’ll answer some of the questions you have.
You can keep Plus and Premium if you already have it
If you’re a Plus or Premium customer, you can keep your subscription with no changes to how you use it at all, but if you cancel or move to Extra, Perks or Max, you won’t be able to get Plus or Premium back again.
The Max family cover is more extensive than the Premium family cover
With Monzo Premium (£15 a month), it’s only the travel insurance that extends to your family members. With Max, if you upgrade to include your family for an extra £5 a month (£22 a month) you and your family get travel insurance, phone insurance and breakdown cover.
Not just that, but with the current Premium travel insurance you and your family are only covered when you’re travelling together. With Max, you’re covered even if you’re travelling separately. And it’s the same with the breakdown cover too. You and anyone you add to the policy are covered in any valid vehicle as passengers or drivers. Exclusions apply.
We're moving away from metal
Some of you will be asking, “Why no metal card?”. The honest truth is that metal cards are expensive to make and we wanted to squeeze a wider variety of value into the Max monthly payment.
If you have a metal card that you're not ready to part with but you like the idea of moving to one of our new plans, you can move to Extra, Perks or Max and keep your metal card until it expires.
Our new plans don’t include discounted lounge access, special offers or cashback on international transfers
We chose not to include these because our research showed that only a small number of customers were getting the full advantage of them. A bit like with the metal card, we wanted to find a way for a wider range of people to get value from their monthly payment for Extra, Perks or Max.