Earn up to 3.25% AER (variable) without locking your money away
Earn from 2.75% to 3.25% AER interest (variable) with Instant Access Savings, depending on your subscription plan (starting from £3 per month). Interest paid monthly.
Current accounts
Student money, sorted
Get your maintenance loan paid into Monzo and be in with a chance to have your payment doubled. Open a free account that helps you sort your budget, split your bills, and start saving.
UK residents only. Ts&Cs apply.
The App Store, Google Play Store and Trustpilot ratings are correct as of 10 August, 2026.
Your student loan payment, times two?
Student finance payments are eligible for Double Payday, where we double the salaries of 10 lucky customers each month.
That’s three chances a year to win. If you win, we’ll send the extra payment through in the following month.
Eligible payments only. 18+. Ts&Cs apply.
Organise it. Track it. Split it.
Use Pots to organise your money, get instant notifications as you spend, and split shared costs in a few taps.
Make budgeting a breeze
Automatically sort your money into separate Pots for things like bills and groceries. Then watch your balance update with instant notifications as you spend.
Shared money made easy
Send money to your friends on the spot, and share one-off or ongoing costs with Monzo Split.
Bring the ka-ching forward
Get your student loan payment or salary one business day early when it’s paid into Monzo by Bacs - so you can get a head start on your budget (or the weekend).
Earn cashback on brands you love
Pick your offers, shop in person or online, and earn 2-10% cashback on eligible purchases.
Start saving the pennies. Watch them turn into pounds.
Super simple ways to build your rainy day fund or safety buffer.
Future you says thanks.
Save your spare change with automatic roundups
Turn on roundups and we’ll put the spare change into your Savings Pot whenever you spend.
Set up regular deposits
Let us do the hard work. We’ll automatically add money from your main balance. Just tell us how much and how often.
A regulated bank with 24/7 support
24/7 support
You can speak to us through our in-app chat – whenever, wherever. We're here for you 24/7.
Deposit cash and cheques
Add cash to your account at any PayPoint or Post Office (£1 per deposit), and pay in cheques via the app.
No hidden fees
Our current accounts are free and we don’t charge monthly fees or surprise you with hidden costs.
FSCS protected
Your eligible money in Monzo is protected by the FSCS up to £120,000 per person.
A regulated bank with 24/7 support
24/7 support
You can speak to us through our in-app chat – whenever, wherever. We're here for you 24/7.
Deposit cash and cheques
Add cash to your account at any PayPoint or Post Office (£1 per deposit), and pay in cheques via the app.
No hidden fees
Our current accounts are free and we don’t charge monthly fees or surprise you with hidden costs.
FSCS protected
Your eligible money in Monzo is protected by the FSCS up to £120,000 per person.
Security you can bank on
We keep your money safe with industry-first fraud protection and 24/7 support.
Enjoy over £300 worth of extra benefits a year with Monzo Perks
UK residents. 18+. £9 a month. Ts&Cs apply.
Annual railcard
Save 1/3 or more on eligible train journeys in England, Scotland and Wales. 16-25 Railcard included.
Weekly Greggs treat
Grab a sausage roll, regular-sized hot drink, doughnut, or muffin on us, every week.
Monthly cinema ticket
One free Vue ticket every month, plus 10% off food and non-alcoholic drinks. Exclusions apply.
Annual Uber One membership
£0 Delivery Fee on eligible food and grocery orders, and 5-10% credit back on eligible Uber rides.
Keep studying
Questions? Answers.
Does Monzo offer a student bank account?
We don’t have a separate account just for students. But you can use our free current account for your student loan payments and everyday money, with tools like Pots, instant notifications and Monzo Split to help you manage it.
Monzo Perks, one of our paid plans, offers over £300 of extra benefits that could be handy for students too. These include an annual digital Railcard (saving you 1/3 on train travel), a weekly Greggs treat, a monthly Vue cinema ticket, and an Uber One membership.
Monzo Perks is £9 a month. UK residents only. 18+. Ts&Cs apply.
How can I double my student loan payment?
Student loan payments are eligible for Double Payday, where we double the salaries of 10 lucky customers each month. If you win, we’ll send the extra payment the following month. Eligibility criteria and terms apply.
Monzo Current Account needed. UK residents. Double Payday 18+. Eligible payments only. Current Account and Double Payday Ts&Cs apply.
Can I get my student loan or salary paid early?
Yes. If your student loan payment or salary is paid by Bacs, you could get it the working day before it’s due.
Most Student Loans Company payments comes through Bacs, no matter where in the UK you’re studying. For your salary, check with your employer to see if they pay you via Bacs.
Learn more about getting paid early with Monzo.
Eligibility based on previous month’s salary. Current Account and Double Payday Ts&Cs apply.
How do I switch my Student Loans Company bank account to Monzo?
If you applied through Student Finance England, Student Finance Wales or Student Finance Northern Ireland, update your bank details in your online account at least 4 working days before your next scheduled payment.
If you applied through Student Awards Agency Scotland (SAAS), contact the Student Loans Company directly, even if you’ve already updated your bank details with SAAS.
What security features does Monzo have?
You can freeze and unfreeze your card in the app, get instant notifications when your card is used, and add extra controls for larger bank transfers.
Learn more about Monzo security.
Does Monzo offer a student overdraft?
We don’t offer an interest-free student overdraft. You may be able to apply for an arranged overdraft, subject to a credit assessment, and we’ll charge interest on what you borrow.
An overdraft is borrowing, so consider whether it’s right for you. Learn more about Monzo overdrafts.
UK residents. 18+ only. Eligibility criteria and Ts&Cs apply.
How can Monzo help me manage my money?
Student loan payments often needs to last a whole term. When it arrives, you can split it into Pots for rent, bills, food and everyday spending, making it easier to see what you have left. And instant notifications help you keep track as you spend.
Can I use Monzo to split bills and costs with my housemates
You can use Monzo Split to share costs and send payment requests in a few taps. Your housemates don’t even need to be Monzo customers to pay you.
For ongoing shared costs like grocery bills for a houseshare, a Running Split lets everyone pay their bit.
Can I use Monzo abroad?
You can use your Monzo card wherever Mastercard is accepted. For card purchases abroad, we pass on Mastercard’s exchange rate without adding any extra fees.
Cash withdrawal limits and charges depend on your plan and whether Monzo is your main bank account. See our fees page for full details.
Time to go full Monzo
Use the Current Account Switch Service to close your main current account and move everything over to us. Once you’ve opened an account, tap the '+' sign in the app and find 'Switch to Monzo’.
We move your money, Direct Debits and standing orders over
We redirect incoming payments (including your salary)
We close your other bank account
You choose a switch date and we'll do the rest in 7 working days
