Monzo
Monzo: A capable UK digital bank for everyday banking, budgeting and payments. Ranked #7 of 44 in Digital Wallet Apps by our editors (8.6/10); pricing: Free plan; best for UK current-account and budgeting users.
At a glance
- Editor score8.6 / 10
- PricingFree plan
- Best forUK current-account and budgeting users
- Free planYes
- Paid from£3/mo
- Asset scopeCards_and_fiat
- Facts checked22 Sep 2026
Where it wins
- Free account includes a UK current account, cards and budgeting Pots
- No foreign transaction fees on debit card payments
- Supports peer payments, bank transfers and major mobile wallets
Where it doesn't
- Personal accounts are available only to UK residents
- Virtual cards start with the Extra plan at £3 per month
- Transfer limits vary by account and are managed in the app
Our verdict on Monzo
Monzo is a UK digital bank offering personal current accounts, debit cards, budgeting Pots, spending categories, savings and money transfers. It is designed for UK residents who want everyday banking through iOS, Android or the web, with mobile apps as the primary way to manage accounts. The free account includes a UK current account, fee-free withdrawals, credit insights and the ability to connect an external bank account or credit card. Customers can also make UK bank transfers, send money to other Monzo users and make international payments in supported currencies.
Pricing is structured around a free tier and three paid plans. Extra costs £3 per month and adds virtual cards, unlimited connected banks and credit cards, advanced roundups, custom categories and Auto-spreadsheet. Perks costs £9 per month and adds higher savings rates, fee-free cash deposits, an Annual Railcard and an Annual Uber One membership. Max costs £19 per month and adds worldwide travel and phone insurance, UK and Europe breakdown cover and a higher savings rate. The tier structure suits customers who can match specific benefits to their banking needs rather than paying for every feature.
Monzo’s strongest fit is everyday money management: Pots organise money, spending categories and instant notifications provide visibility, and card freeze and biometric login add account controls. Apple Pay and Google Pay support extend payments across major mobile wallets, while external bank and credit-card connections support broader financial tracking. Customers prioritising a UK account with budgeting and payment tools should find the feature mix relevant. Those outside the UK, or those seeking a personal account without account-specific transfer limits, should look elsewhere.
Your product? Our editors can test Monzo in depth and publish a review, labelled as paid · from $149/mo →
Monzo pricing
All 4 Monzo plans and prices →
Monzo fact sheet
| Free plan | Yes |
|---|---|
| Paid from | £3/mo |
| Asset scope | Cards_and_fiat |
| Virtual cards | Yes |
| Peer transfers | Yes |
| International transfers | Yes |
| Supported platforms | iOS, Android, web |
| Transaction limit | 100 per transaction |
| Deployment | Cloud, Mobile |
| Platforms | Web, iOS, Android |
| Support | Live chat, Email, Phone, Docs · 24/7 |
| Built for | Solo, Small business, Mid-market (editorial estimate) |
| Integrations | 4 integrations: Apple Pay, Google Pay, External bank accounts, External credit cards |
| Pricing | Free plan (source) |
| Website | monzo.com |
| Facts checked | 22 Sep 2026 |
Monzo integrations
Monzo lists 4 integrations on its own site.
- Apple Pay
- Google Pay
- External bank accounts
- External credit cards
Alternatives to Monzo
- M-PESAA broad mobile-money wallet with cash access, bill pay, remittances and scheduled payments.9.3
- PhonePeA free mobile wallet for UPI transfers, QR payments, bills, recharges, and tracking.9.2
- bKashA broad Bangladesh-focused wallet for cash, bank, card and remittance transfers.9.1
Monzo vs the competition
- Monzo vs M-PESA
- Monzo vs PhonePe
- Monzo vs bKash
- Monzo vs Google Pay
- Monzo vs Alipay
- Monzo vs Mercado Pago
Compare Monzo with any tool side by side →
Also Ranked In
Monzo is ranked in 4 of our directories.
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Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
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