Monzo Joint Account Terms & Conditions

These terms add to our current account terms and conditions. By using your joint account, you're agreeing to them.

Your current account terms apply to your joint account too – to each of you individually and to you both together. If the joint account terms are different, they'll be the ones that apply.

We can change these terms in the same way we can change our current terms and conditions.

You share your joint account with someone else and you’re each separately responsible for following the terms. If one of you doesn’t, we can take action against either or both of you.

You can both set limits, view and receive statements for your joint account.

You can both make payments and use ATMs. The first 3 ATM transactions in a 30-day period are free, no matter where you are in the world. After that, the fee for any additional withdrawal will be set by the provider of the ATM if you’re in Spain or €3 if you’re outside of Spain.

If you go into an unauthorised overdraft on your joint account we’ll ask you to pay us back immediately. If this happens, try to make a payment as quickly as you can, or you may find it harder to borrow money in the future.If you’re having problems repaying, please get in touch and we’ll look at ways to help.

Joint account holders are both individually and jointly liable. This means we can ask both or either one of you to pay back any money you owe us. We’ll usually ask first, but we have the legal right to take money from either of your Monzo accounts directly.

If we become aware of a dispute between you as account holders we may freeze the account until you both agree to unfreeze it. You won’t be able to make payments while the account is frozen unless you both agree on it beforehand.

The money in your account is owned by both of you jointly, so if one of you dies the remaining account holder can transfer the remaining balance (including money in any joint savings) out of the joint account, unless there’s a legal or regulatory reason not to.

Once the account is empty we’ll close your joint account.

Either one of you can tell us to close the account, but we can only close it when it’s empty. You can’t close your account if you’re in an unauthorised overdraft. If you'd like to close your joint account, you can visit our help page, or get in touch with us.

We can close your joint account for the reasons set out in your current account terms and conditions. If we do, we may send any remaining money to an account held by only one of you.

You both must have a current account to have a joint account. If you’d like to close your current account, you must close your joint account too.

Your eligible deposits in Monzo are protected by the Irish Deposit Guarantee Scheme (DGS) up to a value of 100,000 €. The DGS apply this limit to each person and to the total amount of any money you have with the provider.

This means the deposits held in all your Monzo personal and business accounts, will all count towards your limit of 100,000 € with Monzo.

See our DGS Information Sheet for more information.

You’ll both have access to transaction data on the joint account and agree to us sharing information with both of you. For example, we might confirm if either we or you have closed your current account or given notice to close it, but we’ll never tell the other joint account holder why.

Monzo Bank Europe DAC is a credit institution authorised and supervised by the Central Bank of Ireland. It operates in Spain through its Spanish Branch:

Monzo Bank Europe DAC, trading as Monzo is regulated by the Central Bank of Ireland. We are licensed as a credit institution by the Central Bank of Ireland and our reference number is C548457. Our address in Ireland is, Unit 1 - Floor 4, One Central Plaza, Dame Street, Dublin 2. We are a Designated Activity Company registered with the Irish Companies Registration Office and our company number is 770591. Our VAT number is IE4339872OH.