These are the fees for using your Monzo Current Account with Monzo Plus. 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.
Monzo Plus account services
Maintaining the account: £6 a month
Total annual fee: £72
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
Receiving GBP: £0
Receiving euros: 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: 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 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
Sending 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 a debit card: £0
Debit card payment in pounds: £0
Debit card payment in foreign currency: £0
Cash withdrawals in pounds in the UK: £0
Cash withdrawals in the European Economic Area (EEA): £0
Cash withdrawals outside of the EEA: £0 up to £400 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
Overdrafts and related services
Arranged overdraft: Your interest rate and any annual fees are set out in the Overdraft Agreement.
Unarranged overdraft: £0
Other services
Cancelling a cheque: Not applicable
Package of services
Travel money outside of the European Economic Area (EEA): £0 up to £400 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)
Ordering a replacement card in the UK: We won’t charge you for your first 2 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.
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