Is Monzo safe to use?

Yes, Monzo is a regulated financial service.

Featured

Neobanks Series C

Monzo

Q: What are the main features of Monzo?

Real-time instant transaction push notifications, Automated savings pots with round-ups, Salary sorting into budgets and pots, Fee-free international card spending abroad, Connected external bank account aggregation

Q: What are the pros of using Monzo?

Zero foreign exchange markup, Instant real-time spending insights, Strong community-driven product development, Comprehensive free-tier current account

Q: What are the cons of Monzo?

Limited international market availability, No in-branch banking services, Premium tiers comparatively expensive

Smart Mobile Banking With Real-Time Spending Intelligence Built-In

Available in 2 countries Last verified: Feb 2026

Open Monzo ↗

Open Monzo

Founded

2015

Users

14,000,000+

Total Funding

$1,900M

Employees

3,800+

🏢 Company Overview

Headquarters

London, UK

CEO

Diana Layfield (appointed February 2026, succeeding TS Anil)

Founder

Tom Blomfield, Jonas Huckestein, Jason Bates, Paul Rippon, Gary Dolman

Funding Stage

Series C

Total Funding

$1,900M

Users

14,000,000+

Pricing

freemium

AML Compliant GDPR PCI DSS Banking License E-Money License Payment License FDIC Insured Yes

ℹ️ About Monzo

Monzo is a FCA-regulated digital bank headquartered in London, serving over 14 million personal and business customers across the UK and US.

Founded in 2015 by Tom Blomfield, Monzo provides a free current account with real-time transaction alerts, automated savings pots, salary sorting, bill splitting, and fee-free overseas card payments at the Mastercard exchange rate.

Paid tiers — Extra (£3/mo), Perks (£7/mo), and Max (£22/mo) — unlock travel insurance, cashback rewards, metal cards, and higher interest on savings up to 3. 25% AER.

Monzo also offers business accounts with invoicing, expense cards, tax integrations, and multi-user access, positioning it as a full-spectrum neobank for personal and commercial banking.