Monzo Reviews

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

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Provider
9.8 /10
Based on 27960 reviews
#1 of 5 app based banks
  • 27960 reviews found on websites such as TrustPilot

Price Band

£ £ £ £ £

Good for

  • FSCS protection for your account
  • No fees when you spend overseas
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Frequently asked Questions

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To open an account you need to download the free Monzo app via your smartphone. You then need to fill in the necessary details. The whole process is very quick and is clear and easy to navigate. You need to have some photo ID to hand to take a photo of and be ready to record a quick video of yourself for authentication.

There are various ways of contacting the team at Monzo through either their in-app chat, by email or via the phone. There’s plenty of information on the site which will answer many queries from existing and future customers.

Yes, your money is covered up to £85,000 by the Financial Services Compensation Scheme.