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Financial institutions
LiveNeobanks & digital banksUnited Kingdom

Monzo

Monzo is a UK-based digital bank and fintech platform designed for personal and business customers seeking intuitive mobile-first financial management. It serves over 14 million users, providing a range of accounts that allow individuals and companies to handle everyday banking, international spending, and credit facilities through a central app. The platform focuses on transparency and simplicity, offering specialized tools for budgeting, bill splitting, and expense management.

Last verified todayOfficial site
What it offers
  • Personal customers can access overdrafts up to £3,000 with variable interest rates of 19%, 29%, or 39% based on credit history.
  • Business account holders can assign specific roles to team members, such as 'admin' for full control or 'expense cardholder' for restricted spending.
  • Users can make unlimited fee-free ATM withdrawals within the UK and EEA when using Monzo as their main bank account.
  • The mobile app allows customers to manage standing orders, receive instant transaction notifications, and view categorized breakdowns of their spending.
  • Eligible users can deposit cash into their accounts for a fee of £1 per deposit at PayPoint or Post Office locations.
Standout features
End-to-end mortgage broking experienceCategorized spending breakdownsNo foreign transaction fees on debit spendingMulti-user business permissionsReal-time transaction notifications
Fees and rates

Free tier + £3-£17/mo for Personal; £0-£25/mo for Business. Personal premium accounts range from £3 to £17 per month, while business plans include Lite (£0), Pro (£9), and Team (£25) tiers.

Background

Monzo is a UK digital bank led by Group CEO Diana Layfield that has expanded rapidly, reaching over 14 million customers by late 2025.

What's new
  1. 2026-09-14New profile

    Monzo added to the directory

    Monzo is a UK-based digital bank and fintech platform designed for personal and business customers seeking intuitive mobile-first financial management. It serves over 14 million users, providing a range of accounts that allow individuals and companies to handle everyday banking, international spendi

    forbes.com
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