These are the fees for using your Monzo Current Account when you upgrade to Extra, Perks, Max and Max with Family. It will help you to compare these fees with those of other accounts.
Fees may also apply for using other Monzo services that aren’t listed here.
General account services
Maintaining the account
Extra: £3 a month
Total annual fee: £36
Perks: £9 a month
Total annual fee: £108
Max: £19 a month
Total annual fee: £228
Max with Family: £23 a month
Total annual fee: £276
Refusing a payment when you don’t have enough money
Extra, Perks, Max, Max with Family: £0
Allowing a payment when you don’t have enough money
Extra, Perks, Max, Max with Family: £0
Payments (excluding cards)
Direct Debit
Extra, Perks, Max, Max with Family: £0
Standing order
Extra, Perks, Max, Max with Family: £0
Sending money within the UK
Extra, Perks, Max, Max with Family: £0
Receiving money in pounds (GBP)
Extra, Perks, Max, Max with Family: £0
Receiving money in euros (EUR)
Extra, Perks, Max, Max with Family: 1% currency conversion fee (capped at £1,000) for payments we receive in euros and convert to pounds.
We convert any payments you get in EUR to GBP before the money appears in your account.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
Most (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 isn’t GBP or EUR
Extra, Perks, Max, Max with Family: 1% currency conversion fee (capped at £1,000) for payments you receive and we convert to pounds.
We convert any payments you get in these currencies to GBP before the money appears in your account.
The payer 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.
International bank transfers until 31 October 2026
Sending a payment in a foreign currency
Our fee is made up of a fixed amount and a variable amount and it will depend on where you’re sending the payment and in what currency. The fixed amount will be no more than £9 and the variable amount will be between 0% and 1.80%. Read the latest breakdown of how the charges are calculated.
We use a third-party exchange rate, which is usually the mid-market rate. You’ll always see the exchange rate and the exact charge which will apply in your app before making an international payment.
If there’s a currency we can’t support, you can get more information at the Wise website.
International bank transfers from 1 November 2026
If you send a payment that involves a currency conversion, the fixed fee that applies will change depending on where you’re sending the payment and in what currency. For most currencies, the fee is less than £0.80, but it may be up to £11 in some cases. There are also additional fees or taxes that can apply for certain currencies. Read the latest fee breakdown.
Cards and cash
Issuing debit cards
Extra, Perks, Max, Max with Family: £0
Debit card payment in pounds
Extra, Perks, Max, Max with Family: £0
Debit card payment in foreign currency
Extra, Perks, Max, Max with Family: £0
Cash withdrawals in pounds in the UK
Extra, Perks, Max, Max with Family: £0
Cash withdrawals in the European Economic Area (EEA)
Extra, Perks, Max, Max with Family: £0
Cash withdrawals outside of the EEA
Perks, Max, Max with Family: £0 up to £600 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
Extra: £0 up to £200 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
Overdrafts and related services
Arranged overdraft
Extra, Perks, Max, Max with Family: Your interest rate and any annual fees are set out in the overdraft agreement.
Unarranged overdraft
Extra, Perks, Max, Max with Family: £0
Other services
Cancelling a cheque
Extra, Perks, Max, Max with Family: Not applicable
Package of services
Travel money outside of the European Economic Area (EEA)
Perks, Max, Max with Family: £0 up to £600 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
Extra: £0 up to £200 in a rolling 30-day period, then 3% of the total amount withdrawn after that. Services beyond these quantities will be charged separately.
Information on additional services
Information on fees for services exceeding the quantity of services covered by the package of services (excluding fees listed above).
Cash deposit
Perks, Max, Max with Family: 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
Extra, Perks, Max, Max with Family: We won’t charge you for your first 2 replacement cards in the UK each year.
We may charge you £5 each time you replace your card after that.
Ordering a replacement card outside the UK
Extra, Perks, Max, Max with Family: £30 to cover international delivery.
Extra, Perks, Max, Max with Family: £35 (£5 to replace your card if you’ve used up any free allowance and the £30 international card delivery fee).
