Monzo - Mobile Banking

Monzo

About this app

Monzo is an award-winning app that helps you save smarter, spend confidently, and manage all of your money in one place. Join over 8 million users on Monzo today.

Open a personal or joint account in just a few minutes.

Why Monzo?
- Say goodbye to fees. No account fees, no spending fees, no overdraft fees and no travel fees.
- Get paid two days early. Automatically sort your paycheck into Monzo Accounts, Pots, and external accounts.
- Our award-winning support team is here to help 24/7.
- Your money is FDIC insured up to $250,000.

MONZO PUTS YOU IN CONTROL OF HOW MUCH MONEY YOU’RE SPENDING
With Monzo, you can track your spending, grow your savings and be in control of your money.
- Get instant notifications each time you spend.
- Understand your spending behaviors with Trends.
- Connect other cards and accounts to see your entire financial life in one app.
- Set spending targets to track how you spend.
- Get alerts to help with your spending goals.
- Get paid two days early when you switch your paycheck to Monzo.
- Travel with fee-free payments and a fair exchange rate.

MONZO HELPS YOU SAVE, AUTOMATICALLY
- Create personalized Pots to set money aside and keep your savings separate from your main account.
- Set a savings goal with an desired amount and date and achieve it on time.
- Turn your spare change into savings with automatic roundups.
- Envelope budgeting made simple. Assign any merchant or spending category to automatically spend out of a Pot.

SERIOUSLY SECURE

Money in your Monzo account is protected by FDIC, so you’re insured up to $250,000, and our anti-fraud systems make sure your money is safe, without adding friction for you. Protect your account with Touch ID, Face ID, fingerprint, or PIN.
Registered address: Monzo Inc, 447 Sutter St., Ste 405 PMB1025, San Francisco, CA 94108

The Monzo Mastercard Debit Card is issued by Sutton 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.

Ratings and reviews

Signed up for Monzo Plus to get to see all accounts in one place but sadly it has been badly implemented. If you want to change the category of a transaction you have to do it one by one for all transactions from the same merchant. Other similar apps allow you to select one and gives you the option to then apply it to all past and future transactions from that merchant. It is a big pain in the butt. Will be cancelling Monzo Plus as soon as the 3 months is up.

I really like Monzo as a bank platform. As someone who has used pretty much ALL of em (100 debit cards/secured credit cards), I like this one the most for now. There are a couple of features missing like the Overdraft Loan and stuff, but their transparency and honesty can't be ignored. They also are in the habit of growing, and they seem to genuinely value feedback. I've been with them from the start (card says BETA), and they continue to grow and become better. Try it! You'll <3 em! I promise!!

Great experience with the bank, and the app and its UI/UX for ages now... BUT: they recently changed the home screen to a new, fundamentally flawed, and objectively worse design. They keep removing more from the old design so it's only accessible from the new, forcing customers to switch. This isn't working for me, and I'm not the only one. I'll be looking at other app-based banks from here. Perhaps I'll even get a bonus for switching. Thanks for the ride while it lasted Monzo, but no.

What's new

App-solutely nothing to update you on this week, besides bug fixes and general maintenance. See what we did there? (Sorry.)