Monzo
monzo.comYour New Favourite Bank
Finance & Fintechdigital-bankingcurrent-accountsavingspersonal-financemobile-bankinguk-fintech
About
Monzo is a UK-based digital bank offering free personal current accounts, joint accounts, and business accounts with features like instant spending notifications, savings pots, investments, and fee-free international payments. It serves over 15 million customers and provides tiered paid plans with additional perks. The platform is accessible via a mobile app on iOS and Android.
Problem
Traditional banks lack real-time spending insights, easy savings tools, and fee-free international payments in one accessible account.
For
UK residents looking for a modern digital banking alternative
How it works
Users download the Monzo app, open a free current account with a Hot Coral card, and access features like spending notifications, savings pots, roundups, and investment options directly from their phone.
Business model
freemium
Status
launched
Company
Monzo Bank Limited