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Terms and Conditions

22nd February 2017

What is Monzo 🤔

These legal terms (English law applies) are between you and Monzo Bank Limited (Monzo/us/we) and you agree to them by using the Monzo app.

You should read this document along with our Data Privacy Notice.

How to contact us 💬

You can contact us through the Monzo app, by email at, by phone on 0800 8021456 or by letter to: Monzo, 12 Epworth St, London, EC2A 4DL.

We will contact you in English 🇬🇧 and Emoji 😃 via the Monzo app, or through your email, phone or home address. Please let us know if any of these change!

Making payments 💸

You must have enough money in your account to make payments. However, certain transactions may still go through in which case we will let you know the amount that you'll need to repay before the end of the day. If you don't, we will charge you interest at an Effective Annual Rate of 19.9% on the amount until repaid in full. Interests are calculated at the end of the day and taken from your account on the first day of the month.

We may block your payments if:

  • your instructions are unclear

  • we suspect there is criminal activity on your account

  • we are not legally allowed to make the transfer

  • it exceeds your payment limits which are available in your app and may change over time

If this happens we will let you know as soon as possible.

If something goes wrong 😱

Please keep your phone, card and PIN safe at all times.

If you lose your card or you see transactions in the app that look incorrect, you should freeze your card in the app and let us know as soon as possible. We might be able to refund any money you lost due to our mistakes or inaccuracies with your payments or due to fraudulent activity on your account.

However, you won't be able to claim losses if:

  • you were very careless or you intentionally failed to keep your phone, card and PIN safe

  • you broke the terms of this agreement

  • you gave us incorrect instructions

  • we took actions under conditions outside of our control

  • they are not the direct and predictable result of our actions

How to make a complaint 😔

If you have a complaint please contact us and we will do our best to fix the problem.

If you're still not happy, you can refer your complaint to the Financial Ombudsman Service. For more details you can visit their website at

Making changes to this agreement 📝

This agreement will always be available in the app and on our website.

If we make changes to it that are clearly in your favour, we'll tell you once they've been made. Otherwise we will give you two months' notice.

If you don't agree to these changes, you can let us know and we will close your account. Any money in the account will be transferred to another account of yours, and any money you owe us will have to be repaid.

Closing your account 😭

To close your account, please get in touch with us. Any money you owe us will have to be repaid before the account can be closed. Once the account is closed, your card will no longer work and you won't be able to access your account.

We can close your account by giving you at least two months' notice. We may close your account or suspend use of your card and app immediately if we believe you have:

  • broken the terms of this agreement

  • put us in a position where we might break the law

  • broken the law or attempted to break the law

  • given us false information at any time

  • behaved in an abusive manner to anyone at Monzo or a member of the Monzo community

Monzo Bank Limited, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 730427). Registered in England. Registered No. 9446231. Registered Office: 230 City Road, London, EC1V 2QY.