Monzo Bank - Mobile Banking

Monzo Bank - Mobile Banking

Personal & business banking

5.7K ratings
2103 reviews
With Ads
💰 Finance
Free
With Ads

Details

Released
February 4, 2016
Updated
November 5, 2026

Features

Monzo Bank - Mobile Banking screenshot #1 for iPhone
Monzo Bank - Mobile Banking screenshot #2 for iPhone
Monzo Bank - Mobile Banking screenshot #3 for iPhone
Monzo Bank - Mobile Banking screenshot #4 for iPhone
Monzo Bank - Mobile Banking screenshot #5 for iPhone
Monzo Bank - Mobile Banking screenshot #6 for iPhone
Monzo Bank - Mobile Banking screenshot #7 for iPhone
Monzo Bank - Mobile Banking screenshot #8 for iPhone
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About

Manage your personal and business finances with a mobile-first bank. Track spending, save money, split bills, and invest with features like instant notifications, personalized savings pots, and early salary access.

✓Instant spending notifications
✓Personalized savings pots
✓Bill splitting and reminders
✓Early salary access
✓International payments
✓Investment options
✓Business banking features
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What users say about Monzo Bank

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+1

What's New in Monzo Bank

8.8.0

November 5, 2026

We're always keeping things running smoothly with regular bug fixes and maintenance. If there's something new, we'll shout about it. (Not literally. Apps can't shout).

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User reviews

Miles ahead of Traditional Banks!

Brilliant App, Monzo is possibly the best overall bank in the UK right now in terms if the services. 10/10

Service

Excellent service with updates 24/7 definitely the best bank

Great

Love Monzo so easy to use and helpful when needed

Great service

Great service as always

Going Backwards update

Monzo recent updates have removed the savings pot from the Home Screen with no way to put it back.
It is now impossible to see at a glance how much money you have.
You now have to select another tab at the bottom of the screen, which will then show you your savings pot (s)

This is a really bad change and a step backwards.

Every other bank app I’ve seen presents you with a summary of your accounts/pots on one screen.

That’s what monzo used to do, but not anymore.
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User experience

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Reported Bugs

3 issues

Login issues with email links

Bug

Address lookup not working

Bug

Recurring payment failures

Bug
✨

Requested Features

4 requests

iPad app version

Feature

Ability to hide balance from others

Feature

More customizable budgeting categories

Feature

Faster international money transfers

Feature

FAQ

Is Monzo free to use?

Yes, Monzo offers a free mobile bank account. While the core banking services are free, there are optional paid tiers for business accounts (Pro and Team) starting from £9 per month.

How secure is Monzo?

Monzo is a fully licensed bank in the UK, regulated by the Prudential Regulation Authority and the Financial Conduct Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.

Does Monzo have ads?

Yes, Monzo contains advertisements. Users have reported encountering advertisements within the app.

Can I use Monzo for business banking?

Yes, Monzo offers business banking services for sole traders. They have a free Lite option and paid Pro and Team plans with additional features like automated Tax Pots and multi-user access.

How does Monzo help with saving money?

Monzo allows you to create personalized 'Pots' to separate spending money and savings. You can also turn spare change into savings with automatic roundups and earn interest on money in Instant Access Savings Pots.

What are the main pros and cons of Monzo?

Users praise Monzo for its seamless mobile banking, convenient features like early salary payments, and excellent customer service. However, some users have reported app crashes, bugs, and issues with accounts being frozen or closed without clear explanation.

Can I invest with Monzo?

Yes, Monzo offers a range of investing options starting from as little as £1. You can grow your investing know-how with bite-sized topics on investing essentials. Note that the value of investments can go down as well as up.

What devices does Monzo support?

Monzo is available on iPhone. The app is designed for mobile use and is compatible with iOS devices.