These are the fees for using your Monzo Current Account with Monzo Premium. 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 Premium account services
Maintaining the account: £17 a month
Total annual fee: £204
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 you receive in euros and we 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 £600 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 £600 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: We'll charge you £50 each time you replace your metal card.
We won't charge you for replacements where we're responsible.
Ordering a replacement card abroad: We’ll charge you the £30 international card delivery fee. We'll charge you £80 (£50 to replace your metal card and the £30 international card delivery fee).
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 we’re responsible. We’ll take the fee from your Monzo account as soon as you order the card.
Cash deposit: 5 free cash deposits each calendar month, then £1 per deposit.
Past versions
