Monzo Blog
The latest updates, stories, ideas and guides from the Monzo team.
Are pyramid schemes legal in the UK?
No, pyramid schemes are illegal. People who create them could go to prison, and if you join one you could end up losing hundreds of pounds.
My bank says I need to move my money into a 'safe account' – should I?
No – this is a kind of fraud where someone tricks you into sending them money, usually by pretending to be from a company you trust.
Can I get a Monzo account if I already have a bank account?
Yes! You can have more than one bank account, so you can open a Monzo account alongside any other accounts you already have.
Save £667.95 a year with the Reverse 1p Saving Challenge
Do the 1p Saving Challenge backwards, so it gets easier over time!
We’re experiencing problems with some bank transfers
Some bank transfers aren't working. We're working on sorting it out asap.
Why everyone at Monzo does research
It might seem like blasphemy to other researchers, but we encourage everyone who works on the Monzo app to do their own user research.
Could rounding-up your spending help you afford your next holiday?
Rounding up your purchases to the nearest pound and saving the spare change is helping more than 380,000 people save money!
How to protect yourself against APP fraud
Authorised push payment (APP) fraud is where someone tricks you into sending them money from your bank account. Here are some tips how to avoid being a victim.
What is nudge theory? And can it help you manage your money?
How to use the science of persuasion to help you get your financial life in order.
Micro-saving is the trend that’s making it easier to save
Setting aside small amounts of money regularly can be one of the most effective ways to save.
‘I saved up enough money to go to Madrid for the Champions League final’
Real people tell us how they use Monzo. 30-year-old Liverpool fan Emini explains how roundups helped him save enough for a trip to Madrid.
Dear Monzo, buying a house feels out of reach
As Laura tells one reader in Leeds, buying a home these days is hard. But if you want to start saving and see if you can get there, you've got options.
Everything they didn't teach you in school about how to save money
Financial self-education 💪
Could eating less meat help you cut your costs?
Eating less meat saved British people more than £2.8 billion last year.
What we're doing to keep Monzo accessible
This Global Accessibility Day we're sharing some of the work we're doing to make sure everyone can access Monzo.
