Over 3 million people now bank with Monzo to spend, save and manage their money
Banking made easy
Every 11 seconds, someone opens a free Monzo bank account in the UK. That’s 55,000 people every week joining Monzo to get better visibility and control of their money.
Sign up in minutes, or switch to Monzo without lifting a finger
Open a full UK bank account from your phone, without needing to show us proof of address (we use your date of birth instead).
Or move everything to Monzo using the free Current Account Switch Service. It’s fully guaranteed, takes one week and we can set it up in minutes.
Keep your money safe
Compared to the rest of the industry, we’re more than 4x better at preventing card fraud, and 3x better at stopping account takeovers.
And just like any other bank, your money up to £85,000 is protected by the Financial Services Compensation Scheme (or the FSCS for short).
Getting paid with Monzo is magic
If you’re paid by Bacs (most people are!), then we can advance you your salary a day early, for free. Then effortlessly sort your salary between spending, bills and savings. All your money neatly separated so you can’t overspend, but still under one roof.
Manage your spending
Get instant notifications the second you pay, set budgets for things like groceries and going out, and get warnings if you’re spending too fast (if you want them). Plus, it’s free to spend abroad, and we don’t mark up the exchange rate.
Get on top of your bills
Pick a Pot to pay bills from, so you can’t accidentally spend the rent. We’ll tell you if they’re higher for the upcoming month, and remind you if you’re running low. When they’re due, we pay them for you - easy.
Save for the things that matter
Earn up to 1.54% (AER, fixed) from a growing number of savings options. Automatically put money aside when you spend, round up payments to watch the pennies turn into pounds, and choose images to stay focused on your goals.
Everything you’d expect from a bank, and more…
Loans up to £15,000 and overdrafts up to £1,000. Easy, instant bank transfers. Split bills with a tap, and send money with just a link, or over bluetooth to anyone nearby. And we’re here 24/7 with friendly human help, if you need us.
Building with you
We’ve built a new kind of bank, and we’ve built it together. We care about being open and doing what’s right by our customers.
Our community of customers chose our name, suggest our features and help us make big decisions. We’d love you to join them.
Don’t just take our word for it
“Monzo? It might just be the future of banking.” — The Guardian
“A bank for people who hate banks.” — Bloomberg
“Monzo is a bank designed for the world we live in today.” — TechCrunch
Who said the famous line: "One small step for man"? That's right, it was Skepta. He uttered the words while using the latest Monzo update. We've tweaked the plus (+) and minus (-) buttons that increase or decrease the amount of money you want to add, withdraw, budget and so on. Now they go up and down in more sensible amounts.
Ratings and Reviews
Don’t usually leave reviews however this app has made mobile banking awesome. I love getting notifications with every payment I make (online and in-store). I found that the most effective feature I use is that it shows how much money you have but then it also shows the money you have left with your future payments coming out so you know exactly how much you have to actually spend rather than always working it out like my old bank. Everything is so clear and simple. Although I absolutely love this bank I’m not gonna reduce the stars for a minor issue: I understand when making an online purchase or paying something store things the app requires you to approve it via the app. Never had a problem apart from one time I was making a purchase and when I went to authorise it actually didn’t go through properly. The payment came out of my bank but they didn’t receive it through the other side even though they could see a payment was made. They noticed there was a payment issue and I think it might of been the authorisation when coming in and out of the apps via mobile apps. Anyhow, monzo have been good to me and contacted me through their online chat and I contacted the other company where the payment will be reversed which I’m currently waiting on. Super friendly, like talking to a normal person. Because of that I’ll keep it as 5 stars.
Banking re-thought and done properly
I don’t often leave reviews for apps but Monzo has changed the way I bank/save. Immediate notifications on spends and the ability to add notes and receipts on each transaction works brilliantly. After spending for a short time you have the ability to search and filter on particular transactions to determine how much you’ve spent and average spend. Set up payees and send money is simple and quick. Saving pots are easy to set up and I find it great to keep savings separate. The coin jar is a great feature (rounding up each transaction to the nearest pound) for saving little bits at a time is brilliant and it builds up quicker than you’d expect. I know some people moan about Apple Pay being missing but I’m sure it’ll come soon which will then make the experience even better. I started using Monzo just over a year ago and I’ve since made it my main account including all my direct debits and have my salary paid in. It’s always improving and am excited to see how it develops in the near future. If you’re thinking of joining I can’t recommend it highly enough. ⭐️⭐️⭐️⭐️⭐️
UPDATE 2 - if we could have the ability to split a transaction across budgets that would be amazing! Sometimes I’ll buy things during my weekly food shop that would ideally come under another budget. Adding this functionally would make my budgeting 100% accurate 🙂
UPDATE - I am still loving this app however there is one improvement that could be made. Not everyone gets paid at the end of each month so when the budgets for the different categories reset on the 1st I have to do some extra calculations to make sure my finance are correct. I get paid on the 19th of each month so it might be nice to add in a feature when you can specify when your new budget month begins?
ORIGINAL REVIEW - I am LOVING my new bank account with Monzo it’s sorted our finances out and the instant transaction details is super helpful. Being able to set budgets for different categories of spends means that I don’t now need to run two separate apps. I have high hopes for having a well organised financial future. We are still in the first month of using it but so far it has been amazing!
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Up to six family members will be able to use this app with Family Sharing enabled.