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 other Monzo services that are not listed here.
Account Services
Maintaining the account
Max: £17 per month
Total annual fee £204
Total annual fee £204
Max with Family: £22 per month
Total annual fee £264
Total annual fee £264
Perks: £7 per month
Total annual fee £84
Total annual fee £84
Extra: £3 per month
Total annual fee £36
Total annual fee £36
Refusing a payment when you don’t have enough money
Max, Max with Family, Perks, Extra: £0
Allowing a payment when you don’t have enough money
Max, Max with Family, Perks, Extra: £0
Payments (excluding cards)
Direct Debit
Max, Max with Family, Perks, Extra: £0
Standing Order
Max, Max with Family, Perks, Extra: £0
Sending money within the UK
Max, Max with Family, Perks, Extra: £0
Receiving GBP
Max, Max with Family, Perks, Extra: £0
Receiving euros
Max, Max with Family, Perks, Extra: 1% currency conversion fee (capped at £1,000) for payments you receive in euros and converted to pounds.
We convert any payments you get in EUR to GBP before the money appears in your account. We’ll charge a 1% fee that’s capped at £1,000 for doing this.
The person paying you will need your IBAN (International Bank Account Number), which you can find in your app.
The vast majority (but not all) of these payments will come from bank accounts within Europe and through the SEPA Credit Transfer scheme.
Receiving a payment in a foreign currency that is not GBP or euros
Max, Max with Family, Perks, Extra: 1% currency conversion fee (capped at £1,000) for payments received by you and converted to pounds.
We convert any payments you get in these currencies to GBP before the money appears in your account. We’ll charge a 1% fee that’s capped at £1,000 for doing this.
The person paying you will need your IBAN (International Bank Account Number), which you can find in your app.
You may have to pay other costs, taxes or charges related to your Monzo account, which are outside of our control and not charged by us. For example, other banks may charge you for sending money to your Monzo account.
Cards and Cash
Issuing debit cards
Max, Max with Family, Perks, Extra: Free
Debit card payment in pounds
Max, Max with Family, Perks, Extra: £0
Debit card payment in foreign currency
Max, Max with Family, Perks, Extra: £0
Cash withdrawal in pounds in the UK
Max, Max with Family, Perks, Extra: £0
Cash withdrawal in foreign currency in the European Economic Area (EEA)
Max, Max with Family, Perks, Extra: £0
Cash withdrawal in foreign currency outside of the European Economic Area (EEA)
Max, Max with Family, Perks: First £600 in a rolling 30-day period free, 3% after that.
Extra: First £200 in a rolling 30-day period free, 3% after that.
Overdrafts and related services
Arranged overdraft
Max, Max with Family, Perks, Extra: Your interest rate is set out in the Overdraft Agreement
Unarranged overdraft
Max, Max with Family, Perks, Extra: £0
Other services
Cancelling a cheque
Max, Max with Family, Perks, Extra: Not applicable
Package of services
Travel money outside of the European Economic Area (EEA)
Max, Max with Family, Perks: 3% charge after £600 fee-free withdrawal limit in a rolling 30-day period.
Extra: 3% charge after £200 fee-free withdrawal limit in a rolling 30-day period.
Information on additional services
Information on fees for services exceeding the quantity of services covered by the package of services (excluding fees listed above).
International money transfer - Wise
Max, Max with Family, Perks, Extra: See https://wise.com/ for details
Cash deposit
Max, Max with Family, Perks: 3 free cash deposits each calendar month, then £1 per deposit after that in the same month.
Extra: £1 per deposit.
Replacement cards
We’ll charge a fee for replacing cards which have been lost, stolen or misused. These fees cover 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 card.
Ordering a replacement card in the UK
Max, Max with Family, Perks, Extra: We won’t charge you for your first two replacement cards in the UK each year.
We may charge you £5 fee each time you replace your card after that.
Ordering a replacement card outside the UK
Max, Max with Family, Perks, Extra: We’ll charge you the £30 international card delivery fee.
Max, Max with Family, Perks, Extra: We’ll charge you £35 (£5 to replace your card if you’ve used up any free allowance and the £30 international card delivery fee).
Past versions
