What fees do Monzo charge?
What are the new fees?
A 3% fee if you take out more than £400 cash in 30 days in the UK or Europe.
£5 for UK card replacement (unless your card was stolen, expired or frauded).
They won’t affect most people though. If you’re using Monzo as a main bank, you won't pay fees at the cash machine at all. And you’ll get two free plastic card replacements a year.
Why are we adding new fees?
Because card replacements and ATM withdrawals are expensive.
So if we’re not your main bank, we think it’s fair that we charge a small fee to help cover our costs.
But if you rely on Monzo more, you’ll get bigger allowances.
How to know if we’re your main bank
You’d be meeting 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 fees and allowances in the Fees & Allowances section of your app. We’ve got a blog post that explains withdrawal and card delivery fees. Our Fee Information Sheet might also be helpful.