Information about pricing

How much does an easy bank transfer cost me?

Easy bank transfers are free until 2024.

Monzo will not charge your customers any additional fees; they'll only be asked to pay the amount you charge them.

The money should arrive in your Monzo Business account straight away, but can take up to 24 hours. Easy bank transfers are powered by the Faster Payments Scheme.

How much does accepting card payments including Apple Pay and Google Pay cost me?

For each transaction Stripe will charge you £0.2 + 1.4% for UK cards, £0.2 + 2.5% for European Ecomonmic Area cards and £0.2 + 2.9% for all other cards.

We've teamed up with Stripe for card payments, so you'll need to set up a Stripe account to offer them to customers. To get a full list of Stripe's European cards take a look at their website.

They'll take the fee before the money arrives in your Monzo Business account (or any other bank account you've chosen to get paid out from Stripe). If you want to learn more about Stripe's fees, take a look at their website.

Here's how it might look in practice:

• If you request a £20 payment and your customer pays using a UK or European card, you'll receive £19.52 in your account (£20 - £0.2 - 1.4% x £20)
• If you request a £100 payment, and your customer pays with a European card, you will receive £97.30 in your account (£100 - £0.20 - 2.5% x £100)
• If you request a £50 payment, and your customer pays with a non-European/non-Uk card, you will receive £48.35 in your account (£50 - £0.20 - 2.9% x £50)

So you know, we don't charge any fees in addition to Stripe's fees – but Stripe pays us a commission.

The money should be in your account within a few working days. It may take up to seven days for the first card payment you accept to come through (or if Stripe runs extra checks on a transaction).

What are the costs for my customers if I use payment links?

Monzo will not charge your customers any additional fees; they'll only be asked to pay the amount you charge them.