Monzo Plus Fees
Monzo Plus Fees
Monzo Plus costs £5 per month with a minimum term of 3 months.
The monthly payment will come on the anniversary of signup, so if you signed up on the 12th July, the next payment will be on the 12th August. Unfortunately we’re unable to change the payment date.
Signups are based on UTC times and you can't pay for Plus from a Bills pot.
Cancellation Fees
Cancelling within the 14 day cooling off period
If you ordered a Plus card, there is a £5 cancellation fee if you cancel within the 14 day cooling off period. We’ll refund your first monthly fee payment. If you don't order a card, there is no fee.
Cancelling within the 3 month minimum term
Whether you have ordered a Plus card or not, there is a £5 cancellation fee if you cancel within the 3 month minimum term. We’ll refund you for any remaining days of your monthly payment in the month you cancel.
Cancelling outside the minimum term
After 3 months all cancellations are free. We’ll refund you for any remaining days of your monthly payment in the month you cancel.
Please Note: If we're unable to collect the fee on your payment date, you will see a decline on your account (we’ll also send you an email). We’ll then continue to re-try this payment for the following 6 days. If this continues to decline, on the 7th attempt we will have to collect the payment and take you into an unarranged overdraft, as outlined in our Ts&Cs.
If you are outside the minimum 3 month term then on the 7th attempt we will simply cancel your Plus plan.
Please Note: We've removed Monzo Plus and Premium from sale but you can keep them for now. That means if you accidentally cancel them you won't be able to get them back.
