Monzo is a digital banking platform that offers fee-free and stress-free financial services. It provides a mobile banking app with features designed to simplify money management, including high-yield savings, instant notifications, and innovative tools for budgeting and expense tracking

Key Features

Zero Hidden Fees Monzo eliminates common banking fees, providing a transparent financial experience.

• No minimum balance fee
• No monthly subscription
• No transfer fees
• No joining fees

High-Yield Savings Monzo offers competitive interest rates on savings accounts.

• Up to 4.00% APY on savings
• Instant access to savings
• Smart tools to help reach financial goals faster

User-Friendly Mobile App The Monzo app streamlines banking tasks and provides comprehensive financial management.

• Quick account opening process
• Easy administration of account details
• Instant card freezing capability
• Integration of multiple bank accounts and credit cards
• Weekly and monthly spend insights

Benefits

Simplified Money Management Monzo provides tools to automate and streamline financial tasks.

• Instant spending notifications
• Salary Sorter for automatic money allocation
• Expense Jars for bill automation
• Tip Tracker for real-time balance updates

Enhanced Savings Capabilities The platform offers features to encourage and optimize saving habits.

• Customizable savings Jars with names, pictures, and targets
• 4.00% APY on savings, significantly higher than the national average
• Separation of savings from main balance for better organization

Security and Protection Monzo prioritizes the safety of users' funds and personal information.

• FDIC protection up to $250,000 on eligible deposits
• Advanced security features including biometrics and PIN protection