About
Monzo is a mobile banking app that lets you open a free UK bank account in minutes and manage all your finances from your phone. Track spending with instant notifications and weekly insights, split bills with friends, create savings Pots with automatic roundups and interest-earning options, and pay abroad in any currency without hidden fees using Mastercard's exchange rate. The app includes Monzo Flex, a credit card with up to £10,000 limit and recurring 0% offers, plus business banking tools for sole traders and limited companies with invoicing, expense cards, and integrations with Xero, FreeAgent, Sage, and QuickBooks. You can undo payments within seconds before they leave your account, and access 24/7 customer support.
Highlights
- Open a free UK bank account in minutes with instant notifications for all transactions
- Create personalised Savings Pots with automatic roundups and interest-earning options
- Split bills and send payment links with limits up to £500 for requests and £250 for payments
- Monzo Flex credit card with up to £10,000 limit and recurring 0% promotional offers
- Business banking with invoicing, multi-user access, and integrations with Xero, FreeAgent, Sage, and QuickBooks
- Pay abroad in any currency without hidden fees using Mastercard's exchange rate
Best for
UK residents aged 18+ looking for a fully digital bank account to manage personal finances, savings, and bill splitting. Also serves sole traders and limited company directors in the UK who need business banking with accounting software integrations and expense management tools.
At a glance
Monzo Bank - 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
Frequently Asked Questions
- Is Monzo Bank - Mobile Banking free?
- Yes — Monzo Bank - Mobile Banking is free to download on iOS and Android.
- What platforms is Monzo Bank - Mobile Banking available on?
- Monzo Bank - Mobile Banking is available on iOS and Android.
- What is Monzo Bank?
- Monzo is a mobile banking app that lets UK residents open a free bank account and manage all their finances from their phone, including spending tracking, savings, bill splitting, credit cards, and business banking.
- Can I undo a payment with Monzo?
- Yes, you can undo a payment within seconds before it leaves your account if you sent money by mistake.
- What is Monzo Flex?
- Monzo Flex is an award-winning credit card with a credit limit up to £10,000, real-time balance updates, and a 0% promotional offer you can use repeatedly. Representative APR is 29% (variable).
- Does Monzo offer business banking?
- Yes, Monzo Business Banking is available for sole traders and limited company directors. It includes automated Tax Pots, invoicing, expense cards, multi-user access, and integrations with Xero, FreeAgent, Sage, and QuickBooks. Lite is free; Pro and Team plans start from £9 per month.
- What are the alternatives to Monzo Bank - Mobile Banking?
- Monzo Bank - Mobile Banking is similar to Cash App, Bank of America Mobile Banking, TD Canada, and Revolut: Send, spend and save. Browse related apps by tag: finance, banking, investing, and budgeting.
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