How do I pay for my Home Insurance policy?

When you buy a policy, your first payment will be taken straight away from your Monzo Current Account. After that, all future payments will be taken automatically exactly one month after your policy start date. For example, if your policy starts on 8th May, your next payment would be taken on 8th June.

If a payment fails, we'll try to take it again each day for the next 21 days. If we can't collect payment after 21 days, we'll cancel your policy.

For now, you can only pay for a Monzo Home Insurance policy from your Monzo Current Account. You can't pay using a Monzo Joint Account or pot.