Manage your finances with a digital banking app offering real-time spending notifications, savings tools, and cashback rewards. Connect all your accounts for a comprehensive financial overview and enjoy secure, FDIC-insured deposits.
Summarized from real user reviews of Monzo Bank. Based on 5.7K reviews and a 4.7/5 average, it highlights the 5 positives and 5 negatives reviewers mention most about this Finance app.
8.1.0
September 17, 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).
More3 issues
Login issues with email links
Address lookup not working
4 requests
iPad app version
Ability to hide balance from others
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.
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.
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.
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.
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.
