What fees do Monzo charge?
What are the fees?
The fees we charge depend on the type of account you have and where you are.
Cash withdrawals In the UK & European Economic Area (EEA):
If you use Monzo as your main bank or are a Plus, Premium, Perks or Max customer, you have unlimited fee-free withdrawals in the UK and EEA.
If Monzo isn’t your main account, you have £400 fee-free every 30 days. After that, we’ll charge a 3% fee.
Outside of the UK & EEA:
If you don’t use Monzo as a main bank, you have £200 fee-free every 30 days.
If you’re a Monzo Plus customer, you have £400 fee-free every 30 days.
If you’re a Monzo Premium, Perks or Max customer, you have £600 fee-free every 30 days. For all account types, we’ll charge a 3% fee on cash withdrawals after you’ve reached your fee-free limit.
Card replacement
Free if your card was stolen, expired or experienced fraud.
If we’re your main bank, you get 2 free replacements per year. After that, we charge £5 per card.
Why do we charge these fees?
Because card replacements and ATM withdrawals are expensive.
So we think it’s fair that we charge a small fee to help cover our costs, especially if we’re not your main bank.
How to know if we’re your main bank
You need to meet at least one of these criteria:
You paid at least £500 into a Monzo account in your name in the last 35 days. And you have at least one active Direct Debit on that account.
You’ve received a Department for Work and Pensions or a Department for Communities payment into a Monzo account in your name in the last 35 days.
You’ve received a student loan payment into a Monzo account in your name in the last 8 months.
You’re sharing a Monzo Joint Account with someone who has done at least one of the above.
If you‘re not meeting this criteria at the moment, but you’d still like us to check if you’re eligible, tap here.
Want more info?
You’ll find all your details in the Fees & Allowances section of the app.
Our Fee Information Sheet might also be helpful.