A free personal account that fits your finances
Organise your life with Pots. Earn 3.35% AER (variable) on instant access savings. Spending insights you’ll actually use. All wrapped in one cool, hot coral package.
UK residents only. Ts&Cs apply.
A Monzo account means...
Modern banking, in your pocket. No branch queues, no hidden charges, no complex language. Just award-winning products and innovative features that make managing your money feel like a breath of fresh air.
A fully licensed UK bank
Monzo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Protection for your money
The Financial Services Compensation Scheme (FSCS) protects all your eligible deposts in Monzo up to a value of £85,000 per person.
Simple ways to pay and get paid
Send and receive money in just a few taps. There's no need to share your bank details (or have those awkward 'pay-me-back' conversations).
24/7 customer support
Our in app chat is managed by friendly humans ready to answer your questions, any time, any place.
Loans and overdrafts
We offer loans up to £25,000 and overdrafts up to £2,000. You can check if you're eligible without affecting your credit score.
Interest on your savings
Earn 3.35% AER (variable) paid monthly with an Instant Access Savings Pot. There’s no minimum deposit, and you can access your money anytime.
Spending insights you'll actually use
Instant notifications tell you how much you’ve spent and where, so you’re in the know wherever you go.
Spending categories sort your payments, giving you a crystal clear overview of what you’re spending on.
Direct Debits no longer feel lost – we’ll tell you if they’re about to change before they’re due.
Bigger picture banking
Whether it’s zooming into your day-to-day spend, or setting longer-term savings goals for summer plans, Monzo makes it easy to stay on track.
Automate the admin
Use our Salary Sorter to instantly move some of your earnings into Bills Pots, Savings Pots, or even ‘new house plants’ Pots.
See your money in a whole new light
Get to know your spending habits with weekly and monthly insights. And get alerts if you’re spending too fast (if you want them).
Put money aside with Pots
Use Pots to separate your money however you like – whether you're budgeting for bills or setting aside spending money for a holiday.
Group spending that just makes sense
Replace awkward ‘pay-me-back’ texts with secure payment requests, and send reminders if you need to. Set up Shared Tabs for group spending, so you’re always on top of who owes what.
Your Monzo account, on holiday
No more fees
Open a Monzo account and pay anywhere, in any currency, free-free – on your debit or credit card.
Free ATM withdrawals
If Monzo's your main bank account, make unlimited fee-free withdrawals in the European Economic Area (EEA), and up to £200 every 30 days anywhere else. After that, we'll charge 3%.
We do the maths (on exchange rates)
Understand exactly what you're spending by seeing real-time exchange rates when you spend abroad.
International transfers in partnership with Wise
Transfer money to your friends and family within the Monzo app through Wise.
It’s typically lower cost than Western Bank, MoneyGram and Zoom, as well as high street banks.
24/7 customer support
Our friendly customer support team is always available to chat in the Monzo app. We don't have opening or closing hours, so we're here wherever you need us.
Industry-first tech built to protect
We’re stopping scammers in their tracks with innovative security controls. Use known locations, a secret QR code or trusted contacts to confirm it’s you making large payments.
Our Call Status feature tells you if you’re speaking to Monzo in real time. It helps customers report over 700 fraud attempts each month.
How to open a Monzo account
Step 1
We're a bank that lives on your phone, so you'll need to download the Monzo app to get started.
Step 2
We'll ask you some questions to help us set up your account, but there's no lengthy paperwork to fill in. In fact, it only takes 10 minutes.
Step 3
Once your account's open, you can start using your card straight away with your digital wallet.
Upgrade your Monzo account
We're making money work for everyone, so we have different plans for different needs.
Free
Extra
Perks
Max
Free
months minimum
Free
Free
A UK current account
Your eligible deposits are protected by the FSCS up to £85,000 per person
All the Monzo features you know and love
3.35% AER (variable) interest, paid monthly
Fee-free withdrawals up to £200
Credit Insights - TransUnion Score only
Extra
£3 a month
Includes all features from Free
A UK current account
Your eligible deposits are protected by the FSCS up to £85,000 per person
All the Monzo features you know and love
3.35% AER (variable) interest, paid monthly
Fee-free withdrawals up to £200
Credit Insights - TransUnion Score only
Includes everything from Free, plus:
Connected banks and credit cards
Virtual cards
Advanced roundups
Custom categories
Auto-spreadsheet
Credit insights - 3 scores (TransUnion, Experian, Equifax)
Aged 18+ • Ts&Cs apply
Perks
£7 a month
Includes all features from Free
A UK current account
Your eligible deposits are protected by the FSCS up to £85,000 per person
All the Monzo features you know and love
3.35% AER (variable) interest, paid monthly
Fee-free withdrawals up to £200
Credit Insights - TransUnion Score only
Includes all features from Extra
Connected banks and credit cards
Virtual cards
Advanced roundups
Custom categories
Auto-spreadsheet
Credit insights - 3 scores (TransUnion, Experian, Equifax)
Includes everything from Free, Extra, plus:
3.85% AER (variable) interest, paid monthly
Fee-free withdrawals up to £600
3 fee-free cash deposits
Discounted investment fees
Annual Railcard
Weekly Greggs treat
Monthly cinema ticket at Vue
Get 20% off food at PizzaExpress (Sun-Thu)
Aged 18+ • Ts&Cs apply
Max
From £17 a month
3 months minimum
Includes all features from Free
A UK current account
Your eligible deposits are protected by the FSCS up to £85,000 per person
All the Monzo features you know and love
3.35% AER (variable) interest, paid monthly
Fee-free withdrawals up to £200
Credit Insights - TransUnion Score only
Includes all features from Extra
Connected banks and credit cards
Virtual cards
Advanced roundups
Custom categories
Auto-spreadsheet
Credit insights - 3 scores (TransUnion, Experian, Equifax)
Includes all features from Perks
3.85% AER (variable) interest, paid monthly
Fee-free withdrawals up to £600
3 fee-free cash deposits
Discounted investment fees
Annual Railcard
Weekly Greggs treat
Monthly cinema ticket at Vue
Get 20% off food at PizzaExpress (Sun-Thu)
Includes everything from Free, Extra, Perks, plus:
Personal worldwide travel insurance – provided by Zurich, powered by Qover
Personal worldwide phone insurance – provided by Assurant
Personal UK & Europe breakdown cover - provided by RAC
Add your family to your insurance and cover for an extra £5 a month
Aged 18-69 • Ts&Cs apply
Easy current account switching
With the Current Account Switch Service, you can move everything over to Monzo in 7 days without lifting a finger. We do everything for you, and you don’t need to deal with your old bank at all.
Open a free personal account
Download the Monzo app on iOS or Android and join more than 11 million personal and business customers who've changed the way they bank.
