Monzo Bank Accounts Reviews

22 January 2019
I love Monzo. I love the fact it's so 21st century. It's future proof. I couldn't fault them. I have swapped my normal current account over to them and I love them!!!
22 January 2019
Perks available for inviting friends to monzo. The app is really easy to use, really helpful with budgeting as you can set budgets for different categories like entertainment, eating out etc. I have also used monzo abroad and the exchange rate is really good - sometimes better than if I exchanged cash for currency.
22 January 2019
Best bank around especially for students. Easy to track where your money is going, as it helpfully categorises all spending. For small trips away it is the best bank I know for not charging you for abroad transactions and at the best exchange rate. But the best thing about this bank is the customer service. When I have had an issue, the customer service online chat is quick and efficient with most problems being completely solved in under 10 mins. Amazing.
22 January 2019
I like how quick and easy it is to use. It helps me with my budgeting and savings. The bright coloured card is almost impossible to use and keeping track of my spending has never been easier.
22 January 2019
I joined Monzo back in September 2016 and I absolutely love it. From the intuitive user interface to the clear itemised statements and response customer service, this is one of the only mobile only bank that I've had nothing but pleasure being a part of. I've used other app-only financial companies such as Loot and Starling and they just do not compare to the level of attention to detail that Monzo provides. Since I joined the app in 2016, it's gained so many useful features such as standard pots (a fantastic way of putting money aside to make sure you don't spend it!), savings pots which allow you to earn 1% interest providing that you have £1000 or more in the pot and the ability to send and recieve money from other Monzo users to through the app, which is brilliant. Being a student, saving money is really important and, over the last couple of years, Monzo has helped me save more than I ever have before which is going to help me with things like a deposit on a house and other general living expenses meaning that I won't have to worry about a thing. I'd feel comfortable saying that I don't think I'd be where I'd be today - financially - without using Monzo.
22 January 2019
Monzo has helped to make me more aware of what I'm spending and in which areas. I realised I massively underestimated how much I spent on certain things and now I am aware of where my money is going I can work to reduce my outgoings.
22 January 2019
Having a Monzo card has been great; they have really helped me budget my money and they have also helped me out a lot, by helping me organise my money. Another benefit of Monzo is the speed element - as soon as you spend any amount of money, an instant update is communicated to you, allowing you to realise if you are overspending or getting out of hand.
22 January 2019
Great customer service, brilliant mobile banking app easy to use. The app shows you when you're expecting to be paid or when a direct deposit is due to go out. Shows all transactions immediately and notifies you. Security checks are excellent, before purchases it requires you to enter your pin for safety purposes.
22 January 2019
I went travelling to New Zealand and Australia and got a monzo card. It was great- I didn't get charged for using this card abroad and any problems I had were instantly resolved through a customer service chat on the app. It was so easy to use and I would definitively recommend it for travels!
22 January 2019
I love how I know how much I am spending in each category of items. The app also looks very nice and is easy to use. My main reason for signing up for this was to be able to easily pay my friends who also have Monzo accounts and to have no transaction charge when I spend foreign currencies.
22 January 2019
Customer service is standard for a internet based app with a healthy online support forum which can sometimes be tricky to navigate. I have had a couple of times i have not been able to use my card once recently that was unexplained though it all sorted out after i updated the app and a few times where its use of the mastercard payment system is limiting (I find link to be more widely accepted). The app for the bank is what makes it excellent really. My wife and I love being able to set individual budgets for things and having a joint account. I have never used the overdraft so can't comment on that.
Mandy Fong
22 January 2019
Instant notification with all transaction and great customer support team with fast responds. Would recommend anyone who has a smartphone and want easy banking. One downfall is that it doesn't have any perks or offer that come with using the card. And does not yet support garmin pay.
22 January 2019
Really good bank in my experience so far, so easy to transfer money, see what you're spending, and set budgets. One thing I would like to see Monzo do is make bring out a credit card service, especially considering how many students use the card. I want to make sure that I keep a good credit rating but wouldn't want to discontinue using a service like Monzo, because it's so handy to be able to see exactly what you've spent.
22 January 2019
So good for budgeting. The pots are amazing. You can open as many as necessary and it's incuredibky innovative and smart. Curbs my execessive money spending with the budget reminders.
22 January 2019
The mobile app has wonderful features like instant notification of transactions, automatic categorisation of payments and various money-saving features too. The lack of fees on abroad transactions including ATM withdrawals is a life saver. I'm dropping one star because none of these features are yet available on a web interface, which would be very convenient. Overdrafts are easy to set up but there is no free overdraft (including for students) but this is unsurprising since Monzo is a small company.
22 January 2019
Great little bank and the app is wicked! Pops up on my phone withing minutes sometimes seconds when I pay for something. When I have needed support from them they are very quick and professional with responses! I couldn't fault them!
22 January 2019
Monzo is a fantastic bank account because it is so easy to use. Push notifications, breakdowns of spending by category/time period allow you to better manage your money. The app allows you to transfer money between accounts within seconds and set up pots to save money. I applied to Monzo after being a customer of Revolut, because they firstly allow Apple Pay but more importantly they are registered as bank so you are protected should you be subject to any fraudulent/ unusual activity.
22 January 2019
Monzo is great because it really helps manage your finances as it subdivides spending into categories.
22 January 2019
When I first opened this bank account I wasn't sure what to expect. But it has changed the way I spend drastically. I have been able to budget so much more effectively and going on holiday is a breeze.
22 January 2019
Great account, easy to set up and card came quickly and looks great. Nice user interface on the app great customer support when my cards contactless stopped working replaced it no questions asked.
22 January 2019
Really like the monzo bank account. App is really clear and the savings pots and shared tabs are really useful which you can't do at other banks. If something doesn't work or there is an issue then you could message and they reply instantly and try to resolve the problem. Also like the fact you can freeze and unfreeze the card if you loose it.
22 January 2019
Love monzo. It's easy to send money to friends, check balance and keep an eye on spending. Great for budgeting.
22 January 2019
I appreciate the way the mobile app reminds you when you spend money as it helps you to be able to budget your spending more effectively. Furthermore, the sign up procedure was quick and simple making it appealing.
22 January 2019
Monzo is very easily accesible. A clear app and very handy for budgeting and seeing your spending. Also the security features engrained provide the best secuirty out of any bank I have been with.
22 January 2019
Monzo have great customer service. When you walk in the door you are greeted with a smile and advised on who most appropriate person to see will be depending on the service you need. You are able to take in your loose change and they have a change machine that rewards you depending on how much you deposit. They have free atm transactions in Europe and have very competitive exchange rates. They are also open a lot later then most high street banks. They are even open on a Sunday unlike most high street banks and bank holidays which makes them a lot easier to access. What I most like about them is that if you loose your debit card you can walk into store and they will print you a new card right there on the spot, there is no waiting 7 days for your card to arrive in the post.
22 January 2019
Monzo is a great way to use banking online. The sign up process is very easy to follow and everything is done though the app. The app is easy to navigate around and has some cool features. You can create different funds for savings in your 'pot', you are able to create serveral at a time, making saving easy and convenient. The app also creates an easy way to keep track of your spending, by categorising payments that are being made, making it easy to review certain categories. However, this is an online only bank (you cannot put cash into it).
22 January 2019
Aftercare is not very efficient...If you need to dispute transactions your query is passed to MasterCard. You're told it will take 8 weeks to hear anything further. I did not get a response after 11 weeks. I have had to make a formal complaint to get any assistance. You can only use their online messenger, and you are responded to by various individuals names.It is more like an informal chat, fine if you like that. I prefer a more professional experience.
22 January 2019
Banking gamechanger. Exceptionally easy to setup and use. One of the best things is using your card abroad; it tells you instantly how much you've spent in £. So many cool features like savings pots and categorising spending to help manage budgets. Will soon be switching to Monzo for ALL my spending.
22 January 2019
Customer service is brilliant, leave them a text on the app and they get back very quickly. This is a very good app for saving money. you can create different 'pots' which allows you to save for different events or birthdays etc. There's also and option to turn on the feature that rounds up your purchases to the nearest pound and add that to your chosen savings pot. It's good app for money handling for Muslims as they have a no interest option on everything. App is brilliant. I'm happy.
Elise Velkeneers
22 January 2019
Monzo is great at helping you manage your money. Purchases show an instant notification on your phone, you're able to categorise your spending and get a great overview of how you spend your money. You're also able to set budgets per category, which is great if you want to limit your eating out spend each month!
22 January 2019
Great customer service and online support with secure systems in place to prevent fraud. I really like that all payments show up on my phone instantly so that I can stay on top of my finances.
22 January 2019
Easy to apply for, got my card in a few days and has been great to use both abroad and in the UK. I receive prompt notifications whenever I spend or receive money - saying where, how much and even what kind of spend it was (grocery, transport etc.)
22 January 2019
Monzo is great for managing my budgets. The app logs all spendings under categories such as "grocery", "eating out", etc. so I can see how I'm spending my money.
22 January 2019
Great bank offering an easy to use app. It's ecspecialy useful when travelling abroad as you don't have to pay high interest rates. Couldn't recommend monzo enough.
22 January 2019
Monzo is the most convenient bank I've ever used. I love how easy it has made tracking my finances, and I feel much more in control because of it. The app is so easy to use and things like setting up direct debits and overdrafts are so quick and convenient.
22 January 2019
Very useful as the app helps plan a budget for the month and also instantly tells you when money has moved out of or into the account. Easy to use too
22 January 2019
Monzo is modern new revolutionary bank, I have been a user for 4 months now and I have been impressed with their open banking ethos, as well as a fantastic mobile application.
22 January 2019
It's a fantastic bank account that is extremely easy to use. Thanks to being able to separate your money and the instant spend alerts, I have saved money easier than ever before. The app has made more conscious of my spending and helped me pin down spending habits that I need to stop (coffee!!).
22 January 2019
The app is very easy to use and it immediately notifies you when you spend with monzo, which really helps me keep track of my expenses. I've been trying to save up so I've also found the savings pot feature helpful. Customer service responds to queries quickly.
22 January 2019
I signed up to Monzo to use as a secondary account (an account that is free from direct debits, a place where I can put money into to pay for trivial things) and I have enjoyed every minute of it. It has a really cool feature where it shows you how much you spend a day and how much you have left to spend in the current month. You can also assign categoris to your transactions so that you can get an overview as to where most of your money goes to. Last but not least, the app takes money out of your account immediately unlike other banks who fail to refelct the true nature of funds that are available to you. Well done Monzo.
22 January 2019
Really easy to use app, easy to keep track of spending and set a budget as well as see what you spend your money on.
22 January 2019
Perfect! It's so easy to use and great for managing my money. The summary makes it such an easy task sorting my finances out through-out the month. they also give you a summary of how much you've spent through out the course of the day too. When on holiday they even give you the best exchange rate and you can use your card abroad with no fees!
22 January 2019
Monzo is great! perfect for using abroad as you don't get charged and great for setting budgets and saving money.
22 January 2019
Just got my Monzo card. Probably the best account I've ever had. Extremely quick to update statement and comes with many useful features such as sharing bills that old school banks do not offer.
22 January 2019
Monzo is great for if you are traveling as all transactions are free abroad. In addition to this monzo is great for keeping track of your spending due to the simplyand easy layout.
22 January 2019
This is an amazing bank account provider the app is great for budgeting and the card itself is very stylish
William Gulbenkian
22 January 2019
My Monzo account is the best bank account I have ever had. The amazing app allows me to easily understand and control my spending. It instantly show how and where I spend my money giving me the ability to set budgets on areas I want to improve my spending, such as eating out. Having a monzo account has made me much more concise of how I should be using my money.
22 January 2019
Brilliant customer service, great physical product - no complaints. The app works seamlessly and connects well to my smart watch. Quick automatic notifications are a huge bonus too.
22 January 2019
Amazing service and very easy to use. Love that I can track my spendings and what I spend most of my money on.
22 January 2019
love the interest free exchange rates
22 January 2019
My Monzo bank account provides me with everything I need to monitor my money. It provides live updates and notifications everytime you spend, easy tracking of what you have spent, when and what on. It also allows you to have different pots, which I have found very helpful in organising and budgeting my money.
Miriana Vari
22 January 2019
Great digital bank. All transactions are shown on my statement in real-time and I get a notification all the times my card is used. I have the chance to go up to £750 of overdraft, which is great for how much it costs. However, the greatest thing of Monzo is that, when I am abroad, I can withdraw up to £200 (even in a foreign currency) every 30 days without having to pay any fee and at spot rate! Love the app and the colour of the card!
22 January 2019
Customer service are quick to get back to me about issues. They also were flexible about overdrafts and their app is amazing!
22 January 2019
Having had my Monzo account for over a year now, since the Beta program, there hasn't been a single day where I've missed an aspect of my old bank. The app is well designed and makes managing your money so simplistic and stress free. I would highly recommend Monzo to anyone, but especially those who want a way to better manage their money and successfully budget.
22 January 2019
Monzo has made my life a tonn easier. It's amazing to actually see where my money goes and budgeting built into a banking app is the best idea! Love Monzo a lot!
22 January 2019
cant complain. all online, the app works very well, no perks except that its free! setting up only takes few minutes and the card arrives in couple days! Customer service answers fast and is easy to get in touch with, and the best thing is you dont need to speak on the phone :D. Idk if theres an overdraft but personally i dont need it!
22 January 2019
Amazing free facilities! Love the app and how it's made for the student flexible lifestyle! I can watch whenever I need my shopping history, split bills with friends, create potsm and everything for free. No need to book an appointment at some bank or to wait for your turn. So simple!
22 January 2019
Initially got a monzo card for travelling and it's been a fantastic bank! Easy to use and any issues I've had with payments has been resolved quickly.
22 January 2019
I got Monzo about 4 months ago and its honestly so useful! I've always struggled to budget particularly well, but by transferring my monthly budget into my monzo and just using that, I can easily see how much I've spent each month and where. It automatically recognises which category (groceries, eating out etc) the transaction falls under. Its also really easy to transfer to other monzo accounts, and it notifies you when a payment leaves or enters your account which is useful when you're waiting for a payment, you don't have to keep checking
22 January 2019
Very easy to use and perfect for sending money to friends. Get £10 when referred. I like that it tracks your spending. Also the overdraft feature is handy just in case
22 January 2019
It is great to see real time update on the Monzo account after paying using my Monzo card. I received the card in a few working days after applying for Monzo account. However, zero interest account deters me from putting much money into my Monzo account and I had to transfer money into my Monzo account when it is low on balance. It will be great too if we can save different currencies in the Monzo account.
22 January 2019
I love Monzo, I have never had any issues and love the fact every purchase is instant. You can see exactly how much money you hav, what goes out and comes in. Its also amazing for sending money to friend, splitting bills and spending abroad. Amazing for budgeting too - I have no cons.
22 January 2019
Monzo is a great way to budget, especially if you're a student. I use the pot function to save for holidays putting away a little every month. They're bring out new features all the time which make my lifer so much easier! Also the card is really pretty and if you drop it its easy to find as its bright orange (I experienced this after I dropped it off a ski lift)!
22 January 2019
They protect your identity very well and have 0% charges when used on purchases overseas. Everything you could wish for as a young user who travels the world regularly.
Roushell Porter
22 January 2019
I find banking with monzo great, it definitely helps you to save and use your money wisely as it takes payment straight away. Even so it categorises your spending so that also helps. Customer is quick, they're polite & friendly. Very easy to talk to !🏾
Kitty Byrne
22 January 2019
Great mobile banking app with features that include categorising spending and shared tabs - very useful for splitting bills!
Victoria Obiago
22 January 2019
It's easy to use because it's an online based app with budgeting. Also it gives you live updates on what you've spent.
22 January 2019
The app is a great way to see what you're spending and helps with budgeting. Also very useful to use the card abroad as you don't get charged a transaction fee!
Jamie Perault
22 January 2019
Love the app and its functions. Particularly, the instant appearance of transafttran on the app, letting me know how much ive spent, where and when. It's partnering with TransferWise makes it the ideal Bank
22 January 2019
I signed up to this account 3 months ago and find it such a useful way to track spending and to see where you overspend. It breaks what you spend down into sections so it is easy to see clearly! So handy
22 January 2019
Monzo banking has revolutionised the way I spend my money. I've only had the account for a short while but I'm enjoying all of the great perks and wonderful features. Signing up was very easy and straight forward - took 10mins. The app is super efficient and easy to navigate. I love the fact that money can be split between different 'pots' and summaries of your spending behaviour are provided. Best feature is the 'coin jar' which rounds up payments and adds the change to the jar.
22 January 2019
Clear layout and easy to work. However needs clearer instructions as to how to make changes to dates and summary
22 January 2019
This is the ultimate student bank. It is super quick and easy to set up: simply download the app on your phone, fill in some questions and your card will be with you within a week. That is just the tip of the iceberg. The app allows you to stay on track of your finances as it categorises everything you spend which lets you see where you are spending your money most. It makes paying your mates so easy as well as you can just split the bill on the app. However, the thing which really separates this bank from any other is the customer service, they are amazing. They respond within about 10mins and always solve the problem, if you notice an unusual transaction theyll sort it and if you lose your card they will sort it (even though you can freeze it yourself on the app). Another massive benefit is no overseas charges, they will simply charge you the exchange rate. GET A BANK ACCOUNT WITH MONZO.
22 January 2019
Monzo is a great little bank for everyday spending. What drew me in at first was the idea of money pots. Monzo will round each spend on your card upto the nearest pound and put the extra pence into a savings pot. Good for people who aren't good at saving.
22 January 2019
fantastic customer service and a great mobile banking app. its app updates as soon as you spend so you can constantly manage your spending habits
22 January 2019
Great service, minimal issues, faster resolution when there is a problem than I had on my student account Barclays size of overdraft is limited and loans not large enough.
22 January 2019
The Monzo app is absolutely great. It has a really nice user interface, but is also packed with a lot of cool and useful features others bank may lack. Another thing I love about this bank is the instant notifications you receive with each purchase. This makes it easier to track your spending without needing to worry where your money vanishes.
22 January 2019
I love my Monzo account. The main attraction for me is the mobile banking app. It is so user friendly and helps me to track my spending and budgeting in different categories. It is so clear, spending habits at a glance. I like the "jam jar" feature that helps me to save spare change as I spend. Their customer service is also excellent. There has been transaction errors at shop and the Monzo team instantly deleted the transaction for me. They have also been in responding when I get into any troubles. Love the "freeze" option too, so convenient when I don't know where I have put my card. Highly recommend Monzo, truly a modern bank!
22 January 2019
Monzo has changed the way I bank. Although I know most banks have internet banking and apps, Monzo is different. The layout is clear and concise, you can see your money instantly and where it is going to. The money outing is also categorised so you know where your money is going too. However, I think the best perk is definitely using the card abroad without fees. As a student, I'm sure you've taken some unexpected, last minutes trips around Europe and having a card like Monzo is a lifesaver.
nancy hunt
22 January 2019
Best mobile banking app Original concept Round up transaction saving scheme is great Haven't had the best experience with the customer service Overdraft facility is good Abroad rates are very good
22 January 2019
Very good and easy to use app- tracking expenditures and categories is a very good feature to this bank. Also the ability to freeze the account is so useful. I like the bright orange design of the card too- catches people's eye and is a v good method of advertising it
22 January 2019
Really straight forward interface. My card came in a few days, using the benefit of a golden ticket which was given by a friend