Fee information

This document informs you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts.

Fees may also apply for using services linked to the account that are not listed here. Full information is available in the Terms and Conditions.

A glossary of the terms used in this document is available free of charge.

General account services

Maintaining the account (Business Pro): £5 / month
Maintaining the account (Business Lite): £0
Refusing a payment due to lack of funds: £0
Allowing a payment despite lack of funds: £0

Payments (excluding cards)

Direct Debit: £0
Standing Order: £0
Sending money within the UK: £0
Sending money outside the UK: Not applicable
Receiving money from outside the UK: Not applicable

Cards and cash

Cash withdrawals in pounds in the UK: £0
Cash withdrawals in the European Economic Area (EEA): £0
Cash withdrawals in non-EEA countries: First £200 in a 30 day period free, 3% after that
Cash deposit: £1 per deposit
Debit card payment in pounds: £0
Debit card payment in foreign currency: £0
We don’t charge you for withdrawing money from an ATM in the European Economic Area (EEA). For ATMs outside of the EEA, you can withdraw up to £200 in any rolling 30-day period without any fees. After that, we charge 3% of the total amount you withdraw above £200. That’s because cash withdrawals in a foreign currency outside the EEA cost us money.
You can deposit cash by heading to any PayPoint around the country. Just hand your Monzo card to the cashier, tell them how much you’d like to deposit, and give them the same amount in cash. We charge a £1 fee for every deposit, and the money will arrive in your account in 10 minutes. You can deposit between £5-300 in one go. And you can pay in a maximum of £1,000 every six months.
Arranged overdraft: we don't currently offer arranged overdrafts
Unarranged overdraft: we won't charge you for being in an unarranged overdraft

Other services

Cancelling a cheque: Not applicable

Package of services

Not applicable
Services beyond these quantities will be charged separately

To view this in the regulator's standardised format please see our Fee Information Document.