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Payday, the Monzo way

The best day of the month just got even better. Get paid one business day early and be in with a chance of doubling your salary when you get paid into Monzo.

Get paid into Monzo

Available if you get paid through Bacs. UK residents only. Ts&Cs apply.

  • Financial Services Compensation Scheme Protected
  • Current Account Switch Guarantee
  • Which? Recommended Provider 2025

Bring the ka-ching forward

Want to fast-track that payday feeling? Get your student loan or salary one business day early, and hear that sweet ka-ching as you drag your money into your current account.

Sort that salary

Neatly sort your money between spending, bills and savings with Salary Sorter – so there’s no need to worry about accidentally spending the rent.

Double the fun-ds

We’re doubling 10 customers’ salaries every month with Double Payday. Here’s how it works:

Add your salary to Monzo

Get your salary paid into Monzo by Bacs to be in with a chance.

10 lucky customers every month

Weekly and monthly salaries between £300-£20,000 all count. Winning payments are capped at £10,000.

Your salary x2, sent straight to you

It’s yours to spend, save or invest, and you won’t pay tax on your winnings.

Explore Double Payday

Bills? We could take care of those too.

As well as Double Payday, we pay back 1,000+ bills for Extra, Perks and Max subscribers every month

Pay any eligible bill and you’re in with a chance of getting it paid back to your balance (up to £150). Billsback terms apply.

Plans start from £3 a month. Ts&Cs apply.

With FSCS protection

14 million people trust Monzo with their banking.

We're a member of the Financial Services Compensation Scheme (FSCS), so your eligible deposits are protected up to a value of £120,000 per person.

Instant alerts, biometrics and fraud checks help keep your salary safe. Plus our extra security controls give you another layer of protection when making transfers and withdrawals.

It's time to go full Monzo

Ready to make Monzo your main bank account? 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’.

Open an account

Apply for a free Monzo personal account here. Once you’ve opened an account, tap the '+' sign in the app and find 'Switch to Monzo’.

Choose a date

Just tell us when you want to move and we'll sort the switch in 7 working days.

We'll do the rest

We’ll move your money, payments (like Direct Debits and standing orders) and salary to Monzo. We’ll also close down your old account for you.

Compare plans

We're making money work for everyone, so we have different plans for different needs.

Hot Coral card

Free

Hot Coral card

Extra

Gradient hot coral card

Perks

Burnt coral card

Max

Free

months minimum

Free

Free

  • A UK current account

  • Your eligible deposits are protected by the FSCS up to £120,000 per person

  • All the Monzo features you know and love

  • 2.75% AER (variable) interest, paid monthly

  • Fee-free withdrawals up to £200

  • Credit Insights - TransUnion Score only

Aged 16+ • Ts&Cs apply

Extra

£3 a month

Includes all features from Free

  • A UK current account

  • Your eligible deposits are protected by the FSCS up to £120,000 per person

  • All the Monzo features you know and love

  • 2.75% 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 - 2 scores (TransUnion and Equifax)

  • Billsback™ – you’ll be in with a chance to get your bills covered by us (up to £150)

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 £120,000 per person

  • All the Monzo features you know and love

  • 2.75% 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 - 2 scores (TransUnion and Equifax)

  • Billsback™ – you’ll be in with a chance to get your bills covered by us (up to £150)

Includes everything from Free, Extra, plus:

  • 3.25% 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

  • Annual Uber One Membership

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 £120,000 per person

  • All the Monzo features you know and love

  • 2.75% 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 - 2 scores (TransUnion and Equifax)

  • Billsback™ – you’ll be in with a chance to get your bills covered by us (up to £150)

Includes all features from Perks

  • 3.25% 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

  • Annual Uber One Membership

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

Questions? Answers

How do I move my salary to Monzo?

Share your Monzo account details with your employer or send them our ready-made email (which you’ll find via Double Payday in the app).

You can also use the Current Account Switch Service to fully switch to Monzo and close your old account.

Is my salary eligible for Double Payday?

You'll need to be paid by Bacs into your Monzo personal or joint account – check with your employer if you’re unsure. Monthly and weekly salaries between £300-£20,000 will count.

If you’re not paid on a monthly basis (you’re paid weekly or otherwise), your winning payment will be based on your one-off salary, rather than your monthly total.

We’ve capped winning payments at a maximum of £10,000. See the Double Payday Ts&Cs for full details.

How will I know if I’ve won?

Every month, tap below your salary transaction or on the Double Payday card to see if it’s a Double Payday. If you’re one of the lucky ones, we’ll pay the money straight into your account.

Will I pay tax on the extra money?

No, you won't pay tax on your winnings – it’s yours to spend, save, or invest.

How do I get paid early?

Once you’ve moved your salary to Monzo, you’ll be able to get your money at 4pm one business day early.

We'll send you a notification the afternoon before payday. As long as you're paid by Bacs, you can tap through and access your money. Enjoy what you’ve earned without the wait!

Open a free current account

Download the Monzo app on iOS or Android and join more than 14 million personal and business customers who've changed the way they bank.