How Money Works

Here’s how to open a bank account in the United Kingdom. Opening a bank account with Monzo takes minutes!

Here’s some handy guidance to help you stay on top of payments and get the best deal.

Sharing finances with someone is a big step. Here’s what you need to consider if you’re thinking of opening a joint bank account or applying for credit together.

Planning to go to university? Then you may want a student loan to cover your tuition fees and maintenance costs. Here’s how student loans work in England and Wales.

Get to grips with the how, what and when of getting paid. We explain everything from wages, tips and bonuses to paying national insurance and income tax.

Credit can be a convenient way to borrow money, and there are many different kinds – from credit cards, overdrafts, loans, hire purchase and conditional sale agreements. Here’s how each one works, and when they can come in useful.

Everything you need to know about credit scores, how credit reference agencies calculate them, and how lenders use them to decide whether or not to lend you money.

If you’re thinking about borrowing money, here are seven things to consider first, like how much you need, what you can afford, and which lender to use.

We explain what Open Banking is, how it works, and what it could mean for you and your money.

We break down what's going on behind the scenes each time you make a payment with your card.

If your card's been lost or stolen, here's how to cancel your card, order a replacement, and get a refund on any illegal transactions.

Yes! Having an overdraft at your old bank doesn’t stop you from switching accounts through the Current Account Switch Service. But some banks won’t give you the same overdraft with your new account.

Yes! You can have as many current accounts as you like. Find out why you won't hurt your credit score, so long as you follow this post! ✅