Monzo Review, Offers, Rates & Alternatives
Monzo is the UK's leading digital bank with over 9 million customers. It offers current accounts with instant spending notifications, savings pots, and premium paid plans. Its app is widely considered the best in UK banking for money management.
Live offers
- Monzo Personal
- Monzo Extra
- Monzo Perks
- Monzo Max
- Monzo Savings Pot
| Founded | 2015 |
|---|---|
| Products | Current accounts, savings pots, Monzo Plus/Max premium plans, business accounts |
| Best for | Users who want the best banking app for tracking and managing spending |
| Alternatives | Starling Bank, Chase UK, Barclays |
Best for
- UK users who want the most feature-rich banking app with spending insights and savings pots
Not ideal for
- Users who need branch banking — Monzo is app-only with no branches
Monzo vs alternatives
Monzo vs Starling Bank
Digital bank paying interest on current account balance. Monzo vs Starling: Monzo has more app features. Starling pays interest on current account balances.
Monzo vs Chase UK
1% cashback on all debit spending. Chase pays cashback. Monzo offers better money management tools.
Monzo in United Kingdom — FAQ
Is Monzo a real bank?
Yes. Monzo is a fully licensed UK bank regulated by the FCA and PRA, with FSCS protection up to £85,000. It has over 9 million UK customers.
Is Monzo safe?
Yes. Monzo is authorised by the PRA and regulated by the FCA. Deposits up to £85,000 are protected by the FSCS.