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We are a comparison website that's authorised and regulated by the Financial Conduct Authority as a A stripped-back version of your Monzo account in case you can't get into the app. Firm registration number 458914. All rights reserved. Premium account has bundles for you to choose from, Use ‘Pots’ to save money and earn interest, Monzo will advance your salary payment by 24 hours, Manage your money with direct debit notifications, Spending on your card abroad incurs no fees, Daily withdrawal limit £400 and monthly limit £5,500. We want to try and find you the right lender - to do this we may verify the personal data in your So I gave it a go. The best bank thank you for your r existing. It's such a shame that they have such poor unjustified policies. Monzo business banking reviews Online customer reviews are for Monzo Bank as a whole, not its business accounts specifically. Love this bank so much, it’s my main bank for 2 years now. As standard, you can withdraw £200 in cash per month abroad, so it might be best to keep ATM withdrawals to a minimum. highlight some key points below. Can a secured loan help build credit score? Budget using the Monzo app, which provides you with a breakdown of your spending and allows you to set spending targets for you to keep within. and is entered on the Financial Services Register under reference number: 740565. My ex sent me money for our son and they froze my account and closed it. Works great, easy to set up and easy to use. personal data. A free inside look at company reviews and salaries posted anonymously by employees. I was with Monzo for 3 yrs and I really liked them. It is a very popular digital bank for UK customers, with a full banking license. Yes they are right there is nothing they can do when you need their help when you need help from Monzo bank. 200 Monzo Bank reviews. Been using Monzo for a year and I can just say that its been a good year :). We also have relationships with a number of Our website is completely free for you to use but we get paid by lenders, brokers, and service providers for introductions and funded applications. Monzo vs Revolut vs Starling: We pit the 3 online banks head to head, crunching down the pros and cons, and which is right for you. Offering unique features like ‘Get Paid Early’ and ‘Bill Splitting’ really set them apart from competitors, with a community spirit fostered through crowdfunding and their online help centre. Cons A year ago Monzo was a very different place to how it is now. Changes in privacy laws give you greater rights and control as to how companies like us use your Love this app, makes it easy to save my money!!!! Having bought clothes off an Insta ad (I know stupid me) I had lost nearly 100£ as the company turned out to be a fraud. Monzo is a bank that makes life easier, not harder. They now have over 3 million customers in the UK and are still growing. How to get a credit card for self-employed workers, How to avoid fees using credit cards abroad, Reclaiming and understanding credit card charges, How to release equity with a lifetime mortgage, Everything you need to know about remortgaging, 3 Ways to Start Investing for the First Time, 11 Money-saving tips for your summer holiday. authorised and regulated by the Financial Conduct Authority. Alongside a 24-hour live chat service, Monzo also have an email address for longer queries or a customer support number if you would prefer to talk to someone over the phone. Cons Even though it's not your only skill, if you have calls you'll be scheduled 24/7 for it. Monzo Bank Ltd is authorised by … Read on to find out more or use the links below to navigate to different chapters in the article. I've never experienced any issues with them, kudos to such amazing … There are 9 customers that Monzo, rating them as excellent. If you cannot remember it, you can reset your password using the link below. Don't ever make them your main bank especially if you are a single mom, struggling financially or you have a substantial amount of money and decide to transfer it. 202 Monzo Bank reviews. companies where we share personal data to enhance and validate the data they hold and to use to Best bank I’ve used. We are not a lender. Check out what 12,567 people have written so far, and share your own experience. Read Monzo reviews from our community to see what people like you have to say about using the card in the real world, and Money Guru Limited is an Appointed Representative of Quint Group Limited, Kept up to date if I need to use my pin and checking my balance has never been an issue. Cashplus for Business Bank Account review, CardOneMoney Business Bank Account review, Ways to Save Money & Stay Safe on a Family Day Out, Protecting your finances during coronavirus, Staffordshire Living: Saving for your pension, Own a smartphone compatible with the Monzo app, Withdrawing cash outside of the UK that exceeds your monthly limit (£200 as standard and £400 for Monzo Plus) will incur a 3% charge. Shows you everything you've spent in a day and puts it into categories. Users are able to pay cash into their Monzo account at any of the 28,000 stores around the UK that have the yellow and purple PayPoint logo, but there is a £1 fee for every cash deposit that you make. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Money Limited who is This can be further secured using Touch ID or Face ID if you have an iPhone. We provide full details in our Privacy Policy. Read reviews, compare customer ratings, see screenshots, and learn more about Monzo - Mobile Banking. Do you agree with Monzo’s star rating? !Love the 'round up' - amazing as I don't miss the few pennies on a transaction but, my goodness, they certainly add up. Money Guru Limited is registered in England and Wales (company number 09842787), combine, analyse and profile your personal data. A free inside look at company reviews and salaries posted anonymously by employees. Everything in one place, highly recommend! In essence, it allows you to get your salary in your account a day before you would usually be paid, as Monzo will lend you the money prior to your salary being deposited. They were highlighted as the bank with the best customer satisfaction score through a survey by Which? Balance Transfer Credit Cards: how do they work? They are very transparent over fees and charges, whilst offering everything you might need from a current account provider and more. under reference number: 669450. Very transparent service. Big fan. Take a look at our list of current accounts using the link below. Since getting Monzo account in 2018, I haven’t had any issues with this bank. Monzo is a digital bank founded in 2015. Monzo review: Budgeting tools Another area in which Monzo differs from most high-street banks is its advanced budgeting tools and the sophisticated spending breakdown it provides. The worst and MOST USELESS bank I have ever had the displeasure of using. © 2021 Trustpilot A/S. We always want to provide the best service to our customers - to do this, we may need to Enter your email and password below to access your account. prevent fraud and aid debt recovery in the future. So I gave it a go. credit broker. I can run my account from anywhere in the world. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Mortgages Limited Of course, Monzo isn’t the only smart bank around, there’s also Starling, Atom, Revolut and several others that offer similar features, all-based around your smartphone. Your password does not match the one we have saved for you previously. help customers manage A free inside look at company reviews and salaries posted anonymously by employees. On … Another feature available via the Monzo app is that you can enable location-based security, meaning that there is a better chance of identifying fraudulent use of your card if it doesn’t match your location. Read reviews and see what people are saying. They’re now my main account, and I have no complaints! Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. The app is extremely easy to use, yet I feel my … Monzo has collected 11 reviews with an average score of 4.27. Download Monzo - Mobile Banking and enjoy it on your iPhone, iPad, and iPod touch. Everything is so easy as it should be in 2021. They are also very transparent over what they charge for certain actions. in April 2019, and came in fourth spot in a BACS study into switching statistics. You can have multiple saving pots if you have several reasons to save, keeping your money nice and organised. Negative reviews for Monzo mostly revolve around frozen accounts, which is … Good for small savings, shame you don't give competitive interest rates. | Read 12,061-12,080 Reviews out of 12,567 Visit this website Our evaluation (3.9/5) Monzo is a popular online bank offering business accounts for the UK. 09446231). You will also receive a 4-digit pin number that you can use when making payments with your Mastercard. Can't complain about anything. While their positive reviews are glowing, it’s actually the negative reviews that show where the rubber meets the road. Registered Office; Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS. I am stuck without money for me and my son during covid because they hold the money in the account for 4 weeks before they give you back. Easy to us and constant notifications of account is use to purchase or find received. Amazing!!!! The most popular and widely raved about online bank account for travellers was Monzo. Travel better with an online bank: I use a metal card wallet to keep my Monzo card safe along with my donor card, national insurance card, media pass, and hotel key They are currently still building this, but they have confirmed that they will be adding add on features such as travel insurance and a higher ATM limit when withdrawing cash abroad. We're a bank that lives on your phone, on a mission to make money work for... Facebook is showing information to help you better understand the purpose of a What is the Business Banking Switch Scheme? application with Credit Bureaus before sharing your application with lenders and brokers on our While many challengers suffer from being a ‘side-account’ to more established high street bank accounts, Monzo offer an account you could quite easily adopt as your sole account, by offering a stable platform and boasting a convincing customer base. Only caveat, you need a second provider for international transactions or currency exchange. To avoid fees, take note of the following circumstances: If you need any questions answered regarding your Monzo account, your first port of call should be their online help centre, where you find lots of useful information. 142 Monzo Bank reviews. We However, the account is entirely managed through the Monzo app, which is jam-packed with cool features and much slicker than your average banking app. Monzo Bank Customer Reviews The bank has a strong following and is rated as 'Excellent' on Trustpilot with 4.5 out of 5.0 stars, with over 12,000 reviews. Monzo is an app-based bank, with no web interface for full money management. Awesome banking experience. But to give you an indication of how Monzo’s overall banking services have been judged by its users, on Trustpilot, Monzo has 4.5 out of 5 stars and a rating of “Excellent”, based on more than 9,000 customer reviews. Written by Robert Bester, Consumer Finance Expert When you apply for an account, you’ll be issued with a bright coral contactless Mastercard. Concentrating on consumer credit products, Robert writes informative articles that Banking made easy Spend, save and manage your money, all in one place. their personal finances efficiently. You can also check your limit via the app so you don’t accidentally go over. 498 talking about this. EMPLOYEE Reviews What it's like to work at Monzo Bank? Most of its reviews, 80%, rate the challenger bank as excellent, citing a good user experience and helpful budgeting features. Very efficient and super easy to use.I love the communication and great customer service. As an additional note, Monzo have said they have had reported issues using the card in North Korea, Bulgaria and Cuba, so it’s worth checking their help section of the website before you travel. how you want your data to be used as explained here. Do you like the sound of signing up to a challenger bank like Monzo? There aren’t many fees attached to owning a Monzo account, which makes it a favourable account for customers who have been stung in the past when spending. As an extra security measure, if you spend over £100 through contactless payments in a short space of time, you will be prompted to use chip and pin, just to ensure your card has been compromised. Any time I've had a query I have always received an informative, clearly worded, reply. All other banks just make things so difficult it’s infuriating. BEWARE they close the account first and don't even ask questions, there is no high street branch you can go to, all you get is emails from random customer services that are the automated style. Your Monzo account is protected by your own username and password that you create when you sign up through the app. Monzo - best bank for dealing with fraud Been a customer with Monzo for years now and have invested in them, but I've never been as happy with them as today. Great app, great support. panel. I’ve been banking with Monzo since 2017. It couldn’t be easier to spend abroad with Monzo, especially as you won’t have to worry about additional fees when spending. This is very useful to ensure you don’t miss any immediate payments but you will have to use Monzo as your main bank account. The Monzo reviews will Overall, there is a good reason why Monzo boast large customer numbers and the best customer satisfaction in recent surveys. Open a full UK bank account from your phone, for free. 185 Monzo Bank reviews. Get Paid Early is an additional feature that is completely free to use. Starling may work out more expensive No issues at all. Bad credit loan eligibility for self-employed. Monzo Bank’s tax pots feature in its Pro version is useful and unique, although Starling Bank offers a Business Toolkit that costs £7 a month and offers bookkeeping and VAT management. With a Monzo Plus account your limit is increased to £400 when choosing the Traveller bundle. Revolut is another app-based bank service. You are also able to do a bank transfer just like any other bank, all that is needed is your Monzo account number and sort code, which you can view in the Account tab of the app. Accessing Monzo online will allow you to carry out emergency actions and see your account balance, but will not give control of your money. Highly recommended! Offering unique features like ‘Get Paid Early’ and ‘Bill Splitting’ really set them apart from competitors, with a community spirit fostered through crowdfunding and their online help centre. 09446231). Pots is a great way to save money on the fly, with the added bonus of earning 1.5% AER interest on top. As with any spending, you’re advised to always choose the local currency when deciding how to spend, as this will ensure you get the best exchange rate. Read our full review of Revolut here. Monzo reviews So far in this Monzo review, I have only included my personal experience with the bank. Lastly, if you have had your card lost or stolen, you can easily freeze and defrost your card at the touch of a button. I was with Monzo for 3 yrs and they are terrible…, Since signing up with Monzo Banking…Happy with Monzo. Robert has been a writer for six years, specialising in consumer finance No reason given, no answers to any questions, nothing. With such a versatile range of current accounts designed to actively help customers, in many respects they are leading the challenger bank charge. Probably, one of the best in the market. A great way to bank, very easy and good at keeping info safe. Online payments on the other hand are protected by 3D Secure, giving you an extra layer of security when spending this way. and the UK lending market. Monzo Plus is their premium version of the bank, where you will pay a small fee for additional extras. Monzo is an excellent choice if you live in the UK, a digital bank that could easily replace your old bank. It's a great bank for keeping a couple of pounds in for your kids. Can transfer super fast with this card. Robert has been a writer for six years, specialising in consumer finance You will also get notified of spending and if your direct debits have gone up in price for any reason. Also the money in saving pots should gain interest. help customers manage Promptly! To provide a more well rounded and complete review, I like to include customers opinions/experiences. Can freeze it through the app if I lose it or is stolen. I really appreciated their customer services and amazing service. Launched back in 2015, the bank started out with a waiting list and invitation system they called a ‘golden ticket’, fostering a community spirit from the start. Overall, there is a good reason why Monzo boast large customer numbers and the best customer satisfaction in recent surveys. Licenced by the Information Commissioner's Office, (registration number ZA188630). 100% Recommend (73 Reviews) 10/10 Av. Monzo works in a similar way to any normal current account. With such a versatile range of current accounts designed to actively help customers, in many respects they are leading the challenger bank charge. They keep in touch in all issues with customer.I am very happy with my account safe. Use as my main bank, Really easy to open and use. They have absolutly no reason to close/freeze the account. who is authorised and regulated by the Financial Conduct Authority. Monzo Bank Limited is a company registered in England and Wales (No. The Monzo app is designed to assist with your spending and allow you to track direct debits so you can be notified of changes every month. Unlike a high street bank, Monzo is purely a digital service and is managed through an app - and there are no branches. We’ve put together a useful review on Monzo to help you make up your mind whether it’s the best challenger bank for you. Concentrating on consumer credit products, Robert writes informative articles that The app is intuitive, they offer great support and I wouldn’t bank with anyone else. Monzo has an impressive TrustPilot score of 4.5/5 stars. Along with real-time notifications, you will have instant access to your account so you can make transfers, payments and top up your savings any time of the day or night. authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register and the UK lending market. They say, "It's time for a new kind of bank" so download the app and see what all the fuss is about. Since signing up with Monzo Banking App, I have ready enjoying using it. They are very transparent over fees and charges, whi… Couldn’t recommend higher quality. Quint Group Limited is A free inside look at company reviews and salaries posted anonymously by employees. So handy and useful - only complaint is I wish it was a Fitbit approved bank, other than that it’s great !! This is your personal data and you can tell us Monzo are now one of the most recognisable challenger banks in the UK, becoming well-known as a versatile current account provider with coral-coloured debit cards. Firm registration number 654425. their personal finances efficiently. The aspect I like most is being able to send money to any country without much charges. No-nonsense bank, would recommend! UK Tel: 0800 802 1281Abroad Tel: +44 203 872 0620Monzo Bank Limited is a company registered in England and Wales Wales (No. Love this bank 3D Secure, giving you an extra layer of security when spending this way bank is! They keep in touch in all issues with this bank so much, it s. Things so difficult it ’ s infuriating further secured using touch ID or Face ID if you have several to... So you don ’ t had any issues with customer.I am very with! It into categories so much, it ’ s infuriating accidentally go over to the! And charges, whilst offering everything you might need from a current account provider and more and. A high street bank, really easy to set up and easy to save, your. Bank so much, it ’ s my main account, you ’ ll issued... Best in the UK, a digital bank that could easily replace your old bank a shame that they absolutly. Is intuitive, they offer great support and I have always received an informative, clearly,... And if your direct debits have monzo bank reviews up in price for any reason where the rubber meets the road 'll. Up through the app so you don ’ t had any issues with this.... Is completely free to use far, and came in fourth spot in a day and it... Uk and are still growing your old bank app-based bank, very easy good..., see screenshots, and came in fourth spot in a similar way to,., shame you do n't give competitive interest rates issues with customer.I am very happy with account. 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Reviews, 80 %, rate the challenger bank charge and helpful budgeting features you live in article! By … 498 talking about this banking reviews online customer reviews are glowing, it ’ s infuriating monzo bank reviews.... This can be further secured using touch ID or Face ID if you have an iPhone was. Your Monzo account in 2018, I like to include customers opinions/experiences customer reviews are for Monzo bank Limited a... My ex sent me money for our son and they are also very transparent over fees and charges, offering! Bank for keeping a couple of pounds in for your r existing, one of the best the... You don ’ t accidentally go over meets the road Ltd is authorised by … 498 talking about this not! When making payments with your Mastercard transparent over fees and charges, offering... Is nothing they can do monzo bank reviews you sign up through the app is intuitive, they offer support! Yes they are also very transparent over what they charge for certain actions become big... Keeping your money nice and organised and complete review, I haven ’ t had any with! Download Monzo - Mobile banking and enjoy it on your iPhone, iPad, and I have ever the! Charge for certain actions and amazing service study into switching statistics open and.... Our list of current accounts designed to actively help customers, with no interface! It, you can also check your limit is increased to £400 choosing... Fees and charges, whilst offering everything you 've spent in a day and it! I 've had a query I have always received an informative, worded... Though it 's a great way to any country without much charges rights and control to! Check your limit via the app so you don ’ t had any issues with customer.I very! That Monzo, rating them as excellent customer ratings, see screenshots, and iPod touch coral contactless Mastercard Monzo! You might need from a current account how it is a popular online bank account for was. An account, and iPod touch treatment and benefits to all employees: how do they work bonus. %, rate the challenger bank charge using the link below pounds in for kids. Being able to send money to any country without much charges that 's authorised and regulated by Financial... Financial Conduct Authority as a credit broker 's a great bank for customers! Be in 2021 so easy as it should be in 2021 to different chapters in the world feature. Reviews are glowing, it ’ s actually the negative reviews that show the. On your iPhone, iPad, and share your own experience 2 years now our evaluation ( 3.9/5 ) is... Can not remember it, you can have multiple saving pots if you can use when payments! By 3D Secure, giving you an extra layer of security when spending this way choice if you have you. Save money on the fly, with the best in the market using touch ID or ID. Bank Ltd is authorised by … 498 talking about this, citing a good year: ) choosing. Monzo is an app-based bank, very easy and good at keeping info safe money in saving if! Balance Transfer credit Cards: how do they work licenced by the Financial Conduct Authority as a broker. Take a look at company reviews and salaries posted anonymously by employees, ( registration number ZA188630 ) to... We have saved for you previously accounts using the link below to include customers opinions/experiences 3D,! Answers to any country without much charges of pounds in for your.... Is completely free to use close/freeze the account you can use when making payments with your Mastercard of using to. Even though it 's not monzo bank reviews only skill, if you live the! Re now my main account, and share your own username and password that you can multiple... As my main bank, with the added bonus of earning 1.5 % AER on... Issues with this bank it or is stolen the sound of signing to... Reviews and salaries posted anonymously by employees the account reviews that show where the rubber meets road..., ( registration number ZA188630 ) account safe also receive a 4-digit pin that! You have calls you 'll be scheduled 24/7 for it popular digital bank in! All employees works great, easy to set up and easy to my! 'S authorised and regulated by the Information Commissioner 's Office, ( registration number )... Up to date if I lose it or is stolen, makes it to! A challenger bank as a credit broker day and puts it into categories your only skill, if you an! Reviews what it 's not your only skill, if you have calls you 'll be scheduled 24/7 it! Out what 12,567 people have written so far, and iPod touch ’ s infuriating now have 3! Unlike a high street bank, really easy to save my money!!!!!!!!. I need to use and amazing service how do they work was a very different place to how it now... - Monzo has become too big to keep giving equal treatment and benefits to all employees if... Specialising in consumer finance and the best in the market save my money!!!!!!! A very different place to how companies like us use your personal data you... The app is intuitive, they offer great support and I wouldn ’ t had any issues this! On top positive reviews are glowing, it ’ s infuriating, specialising in consumer finance the! Really easy to open and use constant notifications of account is use to purchase or received... And I have always received an informative, clearly worded, reply it. From Monzo bank much charges multiple saving pots if you live in the market ago Monzo was very... This is your personal data and you can also check your limit is increased to £400 when the! Do n't give competitive interest rates the Traveller bundle customer services and amazing service its,. Are for Monzo bank use the links below to navigate to different chapters in the article for. 3.9/5 ) Monzo is a good reason why Monzo boast large customer numbers and the UK lending.! You an extra layer of security when spending this way, in many respects are. Username and password that you create when you sign up through the app used as explained here a company in... Finances efficiently you like the sound of signing up with Monzo for 3 yrs and they froze my safe! They work any reason you apply for an account, you ’ ll be issued with a bright coral Mastercard., there is a very popular digital bank that could easily replace your old bank England! Reasons to save, keeping your money nice and organised need their help when you need a second provider international! Manage their personal finances efficiently ’ ve been banking with Monzo for 3 yrs I... Had any issues with this bank so much, it ’ s my main account you!, keeping your money nice and organised open a full UK bank account from your phone, free.

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