Monzo

NeobankPersonal & Business

UK digital bank with GBP current accounts, budgeting tools, and instant spending notifications.

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Founded 2015

London, UK

Last verified: 2025-01-15

Account Types

Available account currencies and types

GBP (UK)EUR IBAN

Regulatory & Banking Structure

License types and account delivery model. Learn more

Regulatory Type

Bank

Delivery Model

Direct Bank

Holds accounts directly under own banking license.

Regulators

Financial Conduct AuthorityGB
Prudential Regulation AuthorityGB

Features

Platform capabilities and services

Virtual Cards

Physical Cards

Crypto Trading

Stock Trading

International Transfers

Multi-Currency

Business Tools

API Access

Mobile App

Web App

Joint Accounts

Savings Accounts

Debit Card

Direct Deposit

Bill Pay

ATM Access

Cashback

Rewards

Availability

Regions and countries where available

Regions

Europe, Middle East & Africa

Countries

Sources

Information verified from these sources

Monzo Legal(2025-01-15)
Monzo Plus(2025-01-15)

Pricing

Free Tier

Monthly Fee0-15

Transaction FeesFree UK payments

FX MarkupVariable

Monzo Personal free, Plus £5/mo, Premium £15/mo

Compliance

Deposit Insurance

£85,000 FSCS

License Types

BANKING LICENSE

Regulatory Bodies

FCA (UK)PRA (UK)

Notes

UK only, planning US expansion

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