Monzo - Mobile Banking

Name: Monzo - Mobile Banking
Rating: 4.8 (5317 reviews)
Author: Monzo Bank Limited

Spend, save, manage your money

Only for iPhone

Free

5.3K Ratings
Ages

4+
In-App Controls
Category

Finance
Developer

Monzo Bank Limited
Language

EN
English
Size

512.1
MB

iPhone

Meet the debit card that helps you save. With one app to manage all your finances, in real time. Monzo Pro is $10 a month. Open an account in a few minutes. THE DEBIT CARD THAT HELPS YOU SAVE Get cash back rewards on your debit card with Monzo Pro. Get cash back instantly: withdraw, spend or save it.* NO STRESS SAVINGS With Monzo Pro, earn more interest with our best savings rate of 3.75% APY. Otherwise, you’ll receive 2.00% APY.† Every month, earn interest on top of what you save. Set goals for your savings and we’ll help you work towards them. Automatically contribute a portion of your paycheck towards your goals. Turn your spare change into savings with automatic roundups. ALL YOUR MONEY, ONE APP Link your other bank accounts, credit cards and savings accounts into Monzo.* Get money saving insights across all your bank accounts and credit cards.* Get paid early with direct deposits.* No ATM fees from us, ever. And no ATM fees when you stick to the 38000+ MoneyPass ATMs. SERIOUSLY SECURE Your money is eligible for up to $250,000 in FDIC pass through insurance.** Anti-fraud systems that help keep your money safe, without adding friction for you. Protect your money with Touch ID, Face ID, and PIN. *Monzo Pro subscription may be required to access certain features. Fees and terms apply, see monzo.com/us for more details. Monzo’s Savings Jar Annual Percentage Yield (APY) is as of May 19, 2025. The APY may change at any time. Registered address: Monzo Inc, 447 Sutter St., Ste 405 PMB1025, San Francisco, CA 94108 Monzo is a financial technology company; not a bank. All banking services and deposit accounts are provided by Lead Bank or Sutton Bank; Members FDIC. The Monzo Personal and Joint Debit Card is issued by Lead Bank or Sutton Bank, Members FDIC, pursuant to licensing by Mastercard International Inc. See Terms and Cardholder Agreement for more details. †As of June 18, 2025, you'll earn 3.75% APY (Annual Percentage Yield) with a Monzo Pro subscription and 2.00% APY for Monzo Base users. No minimum deposit needed. These rates are variable and may change. The interest comes from us, not Lead Bank or Sutton Bank. Your total Savings Jar balance is capped at $100,000. Monzo isn't a bank. Banking services and debit card are issued by our partners, Lead Bank or Sutton Bank, Members FDIC. **Funds held in the Monzo deposit accounts are held with Lead Bank or Sutton Bank; Members FDIC, and funds aggregated across all deposits held at the member bank are eligible for up to $250,000 in pass-through insurance in the event Lead Bank or Sutton Bank fails, if specific deposit requirements are met, and your card is registered. You can find your sponsor bank in your cardholder agreement in the app. FDIC insurance does not protect funds in the event of Monzo’s failure or from the risk of theft or fraud. See FDIC Prepaid Cards and Deposit Insurance Coverage. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about on fdic.gov. Monzo Pro is an optional, monthly paid subscription membership program. Subscribers will be charged every month. Once enrolled, subscribers have access to Monzo’s highest APY, cashback rewards, exclusive upgraded benefits and access outside of Monzo’s basic offerings. Please see Terms on monzo.com/us for more details.

Ratings & Reviews

4.8

out of 5

5.3K Ratings

Update to my account being frozen
01/25/2024

Sticky green buds
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
Update to my account being frozen
01/25/2024

Sticky green buds

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 01/26/2024
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
01/23/2023

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.
Lots of potential
01/23/2023

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
09/19/2024

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.
It's really nice but also confusing
09/19/2024

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
04/27/2024

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
An amazing, life-changing product
04/27/2024

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 04/29/2024
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

Out, damned bug! out, I say!-Lady Macbeth, Scene 1, App release: 7.0.1

Version 7.0.1

2d ago

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The following data may be used to track you across apps and websites owned by other companies:
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The following data may be collected and linked to your identity:
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Data Not Linked to You

The following data may be collected but it is not linked to your identity:
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Wallet

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Monzo - Mobile Banking

Spend, save, manage your money

Ratings & Reviews

What’s New

Version 7.0.1

App Privacy

Data Used to Track You

Data Linked to You

Data Not Linked to You

Accessibility

Information

Supports

Wallet

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