About
Monzo is a digital banking app that consolidates all your finances in one place with real-time spending notifications and cash back rewards. The Preferred account offers 5% cash back on purchases and a 3.75% APY savings rate, while the free Everyday account provides 1% cash back and 2.00% APY. Set spending targets to stay on budget, create Savings Jars for specific goals with automatic roundups and paycheck contributions, and connect external bank accounts and credit cards for a complete financial overview. Your deposits are eligible for FDIC pass-through insurance up to $250,000, and security features include Touch ID, Face ID, PIN protection, and anti-fraud systems. Access cash at 38,000 free ATMs across the US.
Highlights
- 5% cash back on purchases with Preferred account; 1% with free Everyday account
- Savings rates up to 3.75% APY on Savings Jars with Preferred subscription
- Connect external bank accounts and credit cards for unified financial view
- Automatic roundups and paycheck contributions to savings goals
- FDIC pass-through insurance coverage up to $250,000
- Access to 38,000 free ATMs across the US
Best for
People looking to consolidate their banking and savings in one app with competitive cash back and interest rates, and those who want automated tools to track spending and build savings toward specific goals.
At a glance
Monzo - Mobile Banking is rated 4.8 out of 5 from 5,116 ratings and is available on iOS and Android — all free to download.
It is developed by Monzo Bank Limited.
Screenshots
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