# Monzo Bank - Mobile Banking — Personal & business banking > Digital banking app for spending, saving, and managing finances with real-time insights. (iPhone/iPad app by Monzo Bank Limited.) - Source: https://appshunter.io/ios/app/monzo-bank-mobile-banking/id1052238659 (this page in markdown: same URL + `.md`) - Developer: [Monzo Bank Limited](https://appshunter.io/developer/995273047) - Category: Finance - Price: Free - Rating: 4.70/5 from 5,643 App Store ratings · 1,812 written reviews indexed - Age rating: 4+ - Requires: iOS 16.0 · 481 MB - Languages: American English, European Spanish - Released: 2016-02-04 - Data updated: 2026-08-29 - Monetization: free with in-app purchases - User reviews in markdown: https://appshunter.io/ios/app/monzo-bank-mobile-banking/id1052238659/reviews.md ## What is Monzo Bank? MAKE YOUR MONEY MORE MONZO Images and description are relevant for the UK only. Hi, we're Monzo – a bank that lives on your phone. Numbers are kind of our thing. Here are a few of our favourites: 16 million: how many people bank with us 1 million: how many businesses bank with us 24/7: the hours and days you can chat to our customer support OPEN A FREE MOBILE BANK ACCOUNT IN MINUTES Track spending, save money, split bills and manage your finances, all in one app Sent money by mistake? Undo a payment within seconds before it leaves your account GET TO KNOW WHERE YOUR MONEY GOES Get instant notifications when money comes in and out of your account Learn about your spending habits with weekly and monthly insights Schedule your bills or regular monthly payments and manage subscriptions Get that payday feeling one business day early when your salary is paid via Bacs Free yourself from travel fees. Pay anywhere, in any currency on your debit or credit card (we pass Mastercard's exchange rate directly onto you, without hidden fees) SUPERCHARGE YOUR SAVINGS WITH POTS Create personalised Pots to separate spending money and savings Turn spare change into savings with automatic roundups Earn interest on money with Instant Access Savings Pots SPLIT AND PAY THE MONZO WAY Split bills, send reminders, and keep track of joint costs Get paid back or make payments with a link (limits apply: £500 for requesting money and £250 for making payments with a link) INVEST IN WHAT MATTERS TO YOU Choose from a range of investing options to suit your interests, financial goals, and the level of risk you’re happy with Start with as little as £1 Grow your investing know-how with bite-sized topics on investing essentials The value of your investments may go up or down. You could get back less than you put in. UK residents 18+. Ts&Cs apply MONZO FLEX: AN AWARD-WINNING CREDIT CARD Monzo Flex is a credit card you can count on. It gives you real-time balance updates, a credit limit up to £10,000 and a 0% offer you can use time and time again. Protect eligible purchases made with the Flex card with Section 75 Protection Apply from your Monzo bank account. Eligibility criteria & Ts&Cs apply. 18+. Not keeping up with payments may negatively impact credit score Representative example: 29% APR representative (variable). £1200 credit limit. 29% yearly interest (variable) BUSINESS BANKING FEELS BETTER WITH MONZO Monzo Business Banking helps small businesses stay on top of their finances. Voted Best Business Banking Provider at the 2024 British Bank Awards. Choose from Lite for free or upgrade to Pro or Team from £9 p/month Enjoy automated Tax Pots, multi-user access, invoicing, expense cards and more Connect Xero, FreeAgent, Sage or QuickBooks for taxes and accounting Send and receive money internationally: make payments from your bank account (depending on the currency, you may need a Wise account. Fees apply) and receive money from 40+ currencies via SWIFT Only sole traders and limited company directors in the UK can apply. Ts&Cs apply. TRUSTED BY MILLIONS 16 million customers and counting Voted Best Business Banking Provider – 2024 British Bank Awards Download Monzo today and join millions using mobile banking to make money simple. Manage your finances, savings, travel payments, credit cards and business banking, all in one award-winning app. Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £120,000 per person. You'll need a Monzo current account to access Investments, Instant Access Savings Pots and the Monzo Flex Credit Card. UK Residents only, Ts&Cs apply. Award is by Smart Money People. Registered address: Broadwalk House, 5 Appold St, London EC2A 2AG ## Key features - Real-time spending notifications - Cashback on purchases - High APY savings rates - Savings Jars for goals - Connect external accounts - Early direct deposit - FDIC pass-through insurance ## What do users think of Monzo Bank? Overall sentiment: neutral **Pros** - 💰 Great referral rewards - 👍 Excellent customer service - 🚀 Seamless mobile banking - 💳 Convenient features like early salary payments - 🌍 Excellent for international travel **Cons** - 🐛 App crashes and bugs - 🔒 Accounts frozen/closed without explanation - 💸 Unexpected fees and account closures - 🤖 Poor chatbot/automated support - 📞 Lack of phone support **Commonly reported bugs** - Login issues with email links - Address lookup not working - Recurring payment failures **Most requested features** - iPad app version - Ability to hide balance from others - More customizable budgeting categories - Faster international money transfers ## Recent user reviews (10 of 1,812) All indexed reviews: https://appshunter.io/ios/app/monzo-bank-mobile-banking/id1052238659/reviews.md ### 5/5 — Love it *2026-08-24, version 7.40.0* Best thing I ever did was move to Monzo ### 5/5 — Good *2026-08-24, version 7.40.0* Very reliable, good rates ### 5/5 — mr J Hollis *2026-08-24, version 7.40.0* best bank i’ve been with. no complaints what so ever - and a day early payday (4pm day before) ### 5/5 — Kaching! *2026-08-24, version 7.40.0* Ive banked with Monzo since 2015/2016 and I couldn’t be temped to leave. Every encounter (when required) is effortless and doesn’t leave me pulling my hair out. They’ve really set the precedent for how online banking should be done. ### 5/5 — Fantastic Bank *2026-08-24, version 7.40.0* I was so reluctant to join this new bank, but so glad I did and won’t look back 🙌🏻 ### 1/5 — hiding pots *2026-08-24, version 7.40.0* Was great for a while but they needlessly change what isn’t broken. ### 3/5 — Why has it changed?? *2026-08-24, version 7.40.0* I really don’t like the new update, why is it no longer easy to see and add to my pots? Used to love the ease of use before ### 1/5 — Ensh*tification *2026-08-23, version 7.40.0* The app was great, but you keep tinkering with it. Payments: I now take three goes to transfer from the correct account after you’ve fiddled with how bank accounts are chosen. Payments were better and easier 2-3 years ago. Grow: it’s now several clicks away to get to my savings account pots. It was much better before when they were all next to the regular pots. You had a great app, but keep messing about with it to add useless features. Just leave it alone. ### 5/5 — Would Reccomend *2026-08-23, version 7.40.0* Used Monzo for years - Great support and can handle requests that other major banks can’t eg. Signed & Stamped statements ### 5/5 — Great options being offered *2026-08-22, version 7.40.0* Monzo has always strived towards providing customers with facilities and ways to earn rewards. ## Frequently asked questions about Monzo Bank ### What does the Monzo app do? The Monzo app is a digital banking platform that allows you to manage all your finances in one place. It offers real-time spending notifications, tools to help you save money, and cashback rewards on purchases. You can also connect external bank accounts for a complete financial overview. ### What are the key features of the Monzo app? Key features include instant spending notifications, cashback on purchases, competitive APY rates for savings, and 'Savings Jars' to set and track financial goals. The app also supports early direct deposit, spare change roundups for savings, and the ability to connect all your accounts for a unified view. ### How much does Monzo cost? The app offers a free 'Everyday' account with a 2.00% APY on savings. A 'Preferred' account is available for a fee, offering a higher savings rate of 3.75% APY and additional features. Some features may require a Preferred account. ### Is my money safe with Monzo? Yes, your money is eligible for up to $250,000 in FDIC pass-through insurance through Lead Bank. The app also employs anti-fraud systems and allows you to protect your account with Touch ID, Face ID, and a PIN. ### Who is the Monzo app for? This app is designed for individuals who want a modern, convenient, and feature-rich way to manage their daily spending, savings, and overall financial health. It's particularly useful for those who appreciate real-time financial insights and automated savings tools. ## Version history (last 5 releases) ### 7.41.0 — 2026-08-27 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). ### 7.40.0 — 2026-08-20 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). ### 7.39.0 — 2026-08-13 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). ### 7.38.0 — 2026-08-07 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). ### 7.37.0 — 2026-07-31 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. 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User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-29.*