Monzo is the digital banking app that rewards you for being you. With one app to manage all your finances, in real time.
CASH BACK FOR ALL
Get cash back on all your purchases for your first month*. 5% cash back with Preferred account. 1% cash back with free Everyday account
Cash back means cash: withdraw, spend or save it.
Cash back is instant, straight into your account or Savings Jar.
Instant access to cash with our network of 38,000 free ATMs across the US.
Real-time notifications each time you spend on your debit card.
Set a target for how much you want to spend and we’ll help you stay on track.
NO STRESS SAVINGS
With a Preferred account, get our best savings rate of 3.75% APY. With an Everyday account, you’ll receive 2.00% APY.¹
Earn interest on every goal. No catch, no small print. Just instant access savings and smart tools to help you reach your goals faster.
Set aside money for trips, bills, emergency funds and more in a Savings Jar.
Set a goal on a Jar and we’ll show progress as you save. Tell us when you want to reach your goal, and we’ll do the math to figure out how much you need to deposit each day, week or month.
Automatically contribute a portion of your paycheck towards your goals.
Turn your spare change into savings with automatic roundups.
ONE APP FOR YOUR FINANCES
Connect all of your accounts and cards for a big picture view of your finances. You can connect all your accounts on with Preferred.
Get money saving insights across all your bank accounts and credit cards.
Get paid early with a direct deposit.
Your money is eligible for FDIC pass-through insurance up to $250,000
SERIOUSLY SECURE
Your money is eligible for up to $250,000 in FDIC pass through insurance.2
Anti-fraud systems that make sure your money is safe, without adding friction for you.
Protect your money with Touch ID, Face ID, and PIN.
*A Monzo Preferred account may be required to access certain features. Other terms apply.
The Monzo Mastercard Debit Card is issued by Lead Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
¹As of June 18, 2025, the Annual Percentage Yield (APY) accrued from Monzo’s Savings Jar is 3.75% with a Monzo Preferred subscription and 2.00% APY for Monzo Everyday users. Interest rates are variable and may change. Fees may reduce earnings. The interest comes from us, not Lead Bank. Your total Savings Jar balance is capped at $100,000.
2Your funds are held at Lead Bank, Member FDIC. Though Monzo is not an insured bank, money in your Monzo account is eligible for pass-through FDIC insurance that would protect up to $250,000 in the unlikely event that Lead Bank fails. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about on fdic.gov.
Registered address: Monzo Inc, 447 Sutter St., Ste 405 PMB1025, San Francisco, CA 94108
Previously I posted a review of Monzo when they had frozen my account with all my money in it and no response. A few hours later I reached the UK Monzo who explained it was under review and they would let me know when they are done. Well ir suddenly hit me It's because I founded my account with my other banks debit card for $2k and my account less than a month ago. But they couldn't confirm if it's what caused my account being reviewed. So I sent them a picture of the debit card I used to pay with and my driver's license. Less than one hour later my account was unfroze. NOW I LOVE MONZO! and the fact I can add funds from my other debit cards (only mine) much easier to move funds quickly when I'm traveling to avoid the foreign transaction fees and Monzo works worldview no foreign transaction fees. Plus they can be linked to your banks via plaid. Thanks Monzo for changing my mind completely about your bank
Developer Response
Hey Blake 👋 We're glad to hear we were able to get things sorted! Appreciate your patience while we work to keep your account and money safe. 🔒If you need help with anything else in the future, chatting with us in the app is typically the fastest way to get in touch, or you can also email us at usa-help@monzo.com
Lots of potential
henry0319
I like the instant funding option - very convenient. Setting certain transactions as repeating payments is a very nice feature for subscriptions and under the “Payments” tab you can see these recurring payments. I like that you can add notes, tags and receipts to every transaction. The budgeting tool is not very helpful to me personally, but the Trends feature is - it helps to see how you’re using your money. The Pots have a “scheduled payments” option, but it should really say “scheduled transfers” because Pots are not for making payments - they are just to set money aside. To use money from Pots you have to transfer it back to main account. If I could make payments directly from a “Bills” Pot with its own account number then “scheduled payments” would make sense and would be a very useful feature. Spend (checking), Savings and Bills - if I had a separate account number for these three along with some cash back or rewards options on purchases, it would be the perfect banking app for me. This app has a lot of potential.
It's really nice but also confusing
kane250
It's a beautifully designed app, but some of the features don't make sense and there's no documentation about how to use them. I had switched hoping for envelope style budgeting like I had with Simple (and most recently Zeta) but there's no clear way to track all of your bills and manually set money aside for them when you get paid. It's overly automated and some bills are tracked in one feature, others in another, and it's just very hard to determine if you have all your bills covered between paychecks. Especially variable bills that aren't credit cards (like utilities). It could use some simplifying and explaining of the features. Just wish it would let me add an expense and set how much it is and when it's due, and let me set money aside for it. I'll probably stick with it and just track my bills in a spreadsheet for now, but I'm disappointed to have gone through all this work switching just to have less clarity/assurance about my bills being accounted for. I thought that was the whole point.
An amazing, life-changing product
Emmykla
As a person with ADHD, I have always struggled with money and saving. Monzo has completely changed the way I manage my money, and I am saving money left and right in my baby savings pots. Because I automate everything, and there’s a visual tie to the things I’m saving for (trip with my best friend, furniture, house upgrades), I leave the money alone. I used Monzo in the UK when I lived there as well as here in the US. The US version is definitely buggier (I can’t update the Start Date when I want to update a savings goal, so I have to delete the goal and start fresh). I also wish transfers were as fast as they were in the UK, but alas. It’s all good. I tell all my friends about Monzo! Automating goals for savings is the frigging greatest thing ever. I also love having a separate Expenses pot. I then never get into a situation where I wouldn’t be able to cover my bills. Keep at it, Monzo!
Developer Response
Hey Emma 👋 Thanks so much for leaving a review and for the feedback! We're so glad to hear that we're able to help you manage your money 🎉Thanks for reporting the issue with updating the start date of a savings goal. We'll take a closer look at it. If you find any other issues with the app, please feel free to report it to us so we can investigate! You can use the feedback form in the app or email us at usa-help@monzo.com
We're always keeping things running smoothly with regular bug fixes and maintenance. If there's something new, we'll shout about it. (Not literally. Apps can't shout).
Version 7.21.0
The developer, Monzo Bank Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
Identifiers
Usage Data
Data Linked to You
The following data may be collected and linked to your identity:
Location
Contact Info
User Content
Identifiers
Diagnostics
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
Usage Data
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Accessibility
The developer has not yet indicated which accessibility features this app supports. Learn More
Information
Seller
Monzo Bank Limited
Size
497.2 MB
Category
Finance
Compatibility
Requires iOS 16.0 or later.
iPhone Requires iOS 16.0 or later.
Languages
English and Spanish
Age Rating
4+
4+
This app has an age rating of 4+ with content restrictions. Some content may be rated higher, but access is managed by the developer through in-app controls.
