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Version 1.3
Monzo Plus

Fee Information

2nd February 2023

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.

Monzo Plus account services

Maintaining the account: £5 per month
Total annual fee £60
Refusing a payment when you don't have enough money: £0
Allowing a payment when you don’t have enough money: £0

Payments (excluding cards)

Direct Debit: £0
Standing Order: £0
Sending money within the UK: £0
Sending money outside the UK: Provided via Wise (see additional services below)
Receiving money from outside the UK: 1% currency conversion fee (capped at £1,000) for payments received by Monzo in euros and converted to pounds. Effective as of Monday 3rd April 2023.
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 payer will need your IBAN (International Bank Account Number), which you can find in your app as of 3rd April 2023.
The vast majority (but not all) of these payments will come from bank accounts within Europe and through the SEPA Credit Transfer scheme.

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 (EEA): £0
Cash withdrawal in foreign currency outside of the European Economic Area (EEA): First £400 in a 30 day period free, 3% after that
Debit card payment in pounds: £0
Debit card payment in foreign currency: £0
Arranged overdraft: Your interest rate is set out in the Overdraft Agreement
Unarranged overdraft: 33.4% per annum (variable) which is equivalent to a rate of 39% EAR (variable)
The monthly cap on unarranged overdraft charges for your account is £15.50

Other services

Cancelling a cheque: Not applicable

Package of services

Travel money outside of the European Economic Area (EEA) 3% charge after £400 fee-free withdrawal limit in a rolling 30-day period
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)
International money transfer - Wise: See for details
Ordering a replacement debit card in the UK: We won’t charge you for your first two replacement cards in the UK each year.

We may charge you the £5 fee each time you replace your card after that.
We’ll never charge you for replacements where your card expires, is faulty, has been stolen, has been swallowed by an ATM or if we’ve cancelled your card because we’re concerned about fraud.
Charge for a replacement debit card outside the UK: We’ll charge you the £30 international card fee, and may charge £5 for the replacement card if you’ve used up your free allowance.

We’ll charge a fee for replacing cards which have been lost, stolen or misused. We'll take the fee from your Monzo account as soon as you order the card.
Cash deposit: 1 free cash deposit each calendar month, then £1 per deposit after that in the same month.