Did you know that over 6million people now bank with Monzo to spend, save and manage their money? With instant notifications for spending and more control over your money, the Monzo banking app is the smart way to manage all of your personal and business finances.
Open a full UK bank account and move everything to Monzo using the Current Account Switch Service. It’s fully guaranteed and we can start your switch in minutes.
Why Monzo?
- Organise your current account with Pots and keep cash separate
- Set budgets for things like groceries or going out and receive warnings if you’re spending too fast
- Let the app send you notifications every time money enters or leaves your bank account
- Fee-free spending on your card abroad
- Split bills, share tabs and send money to friends with ease.
- Earn interest from a growing number of savings options
- Set money aside automatically when you spend. Round up payments and watch the pennies turn into pounds
- If you’re paid by BACS (like most people), let Monzo bank your salary a day early – for free!
- Switch your energy bill in the app. Start saving and receive a £40 credit.
Say hello to Monzo Flex
With Flex, you can pay later for pretty much anything in your own time. Spread the cost over 3 interest free instalments, or if you want longer to pay, it’s 19% APR representative (variable) over 6 or 12 instalments. Turn almost any purchase into instalments, like new headphones or tyres for your car. You can flex purchases in-store or online, including eligible purchases from 2 weeks ago.
With Flex, you can edit your instalment plans at any time. Got paid a little extra? Pay off your Flex balance early with no fees. Need more time? Pay it back over a longer period with a single tap. See if you are eligible and sign up in under 10 minutes. Get flexing today!
Choose a bank account to suit:
Monzo Free - our original, free bank account that offers;
- A UK current account with savings, borrowing and overdrafts
- Instant notifications
- Pots for separating money
- Spending categories
- Award-winning support
Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person.
Monzo Plus - upgrade your Free personal bank account to Monzo Plus to unlock amazing features that’ll help you achieve your goals faster. Users also receive;
- £400 in fee free overseas withdrawals every month
- Spending categories and virtual cards
- a 1.00% AER/Gross (variable) interest rate on balances up to £2,000
£5 per month. 3 month minimum. Must be over 18. Ts and Cs apply.
Monzo Premium - upgrade your Plus or Free personal account to Monzo Premium and create your own banking statement with a card made of steel plus;
- worldwide phone and travel insurance for the whole family (Ts and Cs apply)
- a 1.50%/1.49% AER/Gross (variable) interest rate on balances up to £2,000
- £600 in fee free overseas withdrawals every month
- discounted access to over 1,000 airport lounges worldwide for you and your friends.
£15 per month. 6 month minimum. Must be aged 18-69. Ts and Cs apply.
Monzo Joint Accounts
Bring your money together with our free joint account. Pool your resources with someone to make life easier to manage.
Monzo Business Pro
Get a full UK business account including everything in Business Lite, plus Tax Pots, integrated accounting, multi-user access for limited companies, invoicing and more, for only £5 per month. Ts and Cs apply.
Monzo Business Lite
The best of Monzo but for your business with no monthly fee.
Need support? Chat in app, call or email any time. There’s no need for branches and no need to make an appointment.
Monzo Bank Limited is a company registered in England and Wales (No. 09446231). Monzo Bank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority . Our Financial Services Register number is 730427.
Join 5m online banking users and start saving, managing and spending with ease
WHAT’S NEW
Bug fixes and general maintenance this week. How about a word fact though? (We like words at Monzo.)

The term ‘bank’ comes from an Italian word ‘banco’, meaning a bench, since Italian merchants in the Renaissance made deals to borrow and lend money beside a bench which they placed the money on.