logo

2nd

Monzo Banking Logo

App-Based Bank

(15,452 reviews)

Review Score

9.2

Monzo Simple Account

See which providers perform best in our App-Based Bank comparison  

Spend abroad anywhere in the world and in any currency with Mastercard's globally accepted exchange rate and no hidden fees.

Courtney Ellis

04/01/2021

Best Bank Ever!!!

I changed to Monzo from Barclays and I am soooo happy with the change. It breaks everything down to categories so you know exactly what you are spending on. You can save pictures of receipts with the transaction too which is handy. The savings pots are easy to access of you can lock them until a certain date which is great if you aren’t good at saving.

Kerry Powell

21/01/2021

Love Monzo!

Love my monzo account and app, the app is easy to use, quick and simple to transfer money and make payments and I love how it helps me track my spending!

Nadia Shanahan

30/01/2021

No Nonsense Banking

The best bank account I have had! Easy to see exactly where my money is going. I can create pots to make sure I am saving and I can round up my spending. Paying others is as easy as a few clicks so it is a sociable bank too

Load More

About

Monzo Banking Logo

Monzo is one of the fastest-growing app-based banks. Founded in 2015, Monzo now has over 4 million customers. Monzo offers both personal and business banking options for their customers with a wide range of benefits. With the Current Account Switch Service, you can move everything over to Monzo from a traditional account within seven days of requesting the switch.


Benefits of Monzo App-Based Bank

  • Free current account
  • Current account switch service guarantee
  • £400 daily ATM withdrawal limit
  • No fees when you spend overseas
  • Pay your salary into Monzo and they can advance you the cash one day early
  • Organise and budget your money between savings, bills and spending
  • Easy access saving options available
  • Pay Direct Debits through Monzo
  • Get instant notifications on your spending and funds coming in
  • Overdraft and loan options available
  • Freeze your card instantly
Compare app-based bank providers to see how Monzo’s app-based bank performs against their competitors.

Frequently Asked Questions