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: £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:
Provided via TransferWise see additional services below
Receiving money from outside the UK: Not applicable
Cards and cash
Issuing a debit card: Free
Cash withdrawal in pounds in the UK: £0
Cash withdrawal in foreign currency in the European Economic Area
Cash withdrawal in foreign currency outside of the European Economic
First £200 in a 30 day period free, 3% after that
Debit card payment in pounds: £0
Debit card payment in foreign currency: £0
Overdrafts and related services
Your interest rate is set out in your Overdraft Agreement
Unarranged overdraft: We’re changing how we charge for unarranged
overdrafts from 1 April 2020.
Until 31 March 2020, the fee will be:
First £20 free, then £0.50/ day.
From 1 April 2020, the charge will be:
33.4% per year (variable) which is equivalent to a rate of 39% EAR
Cancelling a cheque: Not applicable
Package of services
Services beyond these quantities will be
Information on additional services
Information on fees for services exceeding the quantity of services
covered by the package of services (excluding fees listed above)
Ordering a replacement card abroad: £30 per replacement
To view this in the regulator's standardised format please go
We’ll charge a fee for replacing cards which have been lost, stolen or
misused. This fee covers both the cost of replacing and delivering the
card. This doesn’t apply to circumstances where Monzo is responsible.
We’ll take the fee from your Monzo account as soon as you order the