Absolutely, we're a licensed bank that's authorised and regulated by the Central Bank of Ireland and part of the Deposit Guarantee Scheme (DGS), which means your eligible deposits are protected up to €100k. If you’re not familiar with the DGS, it’s basically there to repay you the money in your current, joint and savings accounts up to €100k if your Irish bank, building society or credit union went out of business for some reason.
You might like to know that we have an office in Dublin and although we're new to Ireland, we have 14 million customers in the UK already.
Our industry-first security controls for large payments – like trusted contacts, QR code scanning and known locations – are just a few ways we’re protecting you and your money. Plus things you might already be familiar with, like card freezing if your card gets lost or stolen, and fingerprint or facial recognition to approve online shopping and getting into your Monzo app.