Read our full review of Revolut here. Everything is so easy as it should be in 2021. 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. Banking made easy Spend, save and manage your money, all in one place. Most of its reviews, 80%, rate the challenger bank as excellent, citing a good user experience and helpful budgeting features. No issues at all. What is the Business Banking Switch Scheme? who is authorised and regulated by the Financial Conduct Authority. They are very transparent over fees and charges, whilst offering everything you might need from a current account provider and more. They are also very transparent over what they charge for certain actions. 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. Read Monzo reviews from our community to see what people like you have to say about using the card in the real world, and While their positive reviews are glowing, it’s actually the negative reviews that show where the rubber meets the road. Love this bank so much, it’s my main bank for 2 years now. Monzo business banking reviews Online customer reviews are for Monzo Bank as a whole, not its business accounts specifically. To provide a more well rounded and complete review, I like to include customers opinions/experiences. 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. Firm registration number 458914. their personal finances efficiently. Everything in one place, highly recommend! They are very transparent over fees and charges, whi… A free inside look at company reviews and salaries posted anonymously by employees. Any time I've had a query I have always received an informative, clearly worded, reply. 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. Bad credit loan eligibility for self-employed. They now have over 3 million customers in the UK and are still growing. Starling may work out more expensive If you cannot remember it, you can reset your password using the link below. Very efficient and super easy to use.I love the communication and great customer service. They say, "It's time for a new kind of bank" so download the app and see what all the fuss is about. !Love the 'round up' - amazing as I don't miss the few pennies on a transaction but, my goodness, they certainly add up. 09446231). 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. You can have multiple saving pots if you have several reasons to save, keeping your money nice and organised. Robert has been a writer for six years, specialising in consumer finance 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. 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. EMPLOYEE Reviews What it's like to work at Monzo Bank? application with Credit Bureaus before sharing your application with lenders and brokers on our The most popular and widely raved about online bank account for travellers was Monzo. Open a full UK bank account from your phone, for free. Changes in privacy laws give you greater rights and control as to how companies like us use your This can be further secured using Touch ID or Face ID if you have an iPhone. Your Monzo account is protected by your own username and password that you create when you sign up through the app. Can freeze it through the app if I lose it or is stolen. We want to try and find you the right lender - to do this we may verify the personal data in your Balance Transfer Credit Cards: how do they work? 09446231). 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. Awesome banking experience. Use as my main bank, Really easy to open and use. 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. Get Paid Early is an additional feature that is completely free to use. 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 on to find out more or use the links below to navigate to different chapters in the article. Great app, great support. and the UK lending market. Take a look at our list of current accounts using the link below. Amazing!!!! Best bank I’ve used. Cons Even though it's not your only skill, if you have calls you'll be scheduled 24/7 for it. 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. | Read 12,061-12,080 Reviews out of 12,567 Visit this website Can transfer super fast with this card. 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. Check out what 12,567 people have written so far, and share your own experience. The aspect I like most is being able to send money to any country without much charges. 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. Online payments on the other hand are protected by 3D Secure, giving you an extra layer of security when spending this way. Couldn’t recommend higher quality. I was with Monzo for 3 yrs and they are terrible…, Since signing up with Monzo Banking…Happy with Monzo. Enter your email and password below to access your account. This is your personal data and you can tell us 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. Revolut is another app-based bank service. Overall, there is a good reason why Monzo boast large customer numbers and the best customer satisfaction in recent surveys. The best bank thank you for your r existing. Monzo has collected 11 reviews with an average score of 4.27. 185 Monzo Bank reviews. 202 Monzo Bank reviews. Been using Monzo for a year and I can just say that its been a good year :). Monzo Bank Ltd is authorised by … All rights reserved. Robert has been a writer for six years, specialising in consumer finance You will also receive a 4-digit pin number that you can use when making payments with your Mastercard. 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. There are 9 customers that Monzo, rating them as excellent. companies where we share personal data to enhance and validate the data they hold and to use to 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. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Money Limited who is Pots is a great way to save money on the fly, with the added bonus of earning 1.5% AER interest on top. 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. 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. We are a comparison website that's authorised and regulated by the Financial Conduct Authority as a So I gave it a go. Read reviews and see what people are saying. With such a versatile range of current accounts designed to actively help customers, in many respects they are leading the challenger bank charge. As standard, you can withdraw £200 in cash per month abroad, so it might be best to keep ATM withdrawals to a minimum. It is a very popular digital bank for UK customers, with a full banking license. Kept up to date if I need to use my pin and checking my balance has never been an issue. authorised and regulated by the Financial Conduct Authority. 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. Unlike a high street bank, Monzo is purely a digital service and is managed through an app - and there are no branches. panel. When you apply for an account, you’ll be issued with a bright coral contactless Mastercard. how you want your data to be used as explained here. You will also get notified of spending and if your direct debits have gone up in price for any reason. We always want to provide the best service to our customers - to do this, we may need to Quint Group Limited is Monzo is an excellent choice if you live in the UK, a digital bank that could easily replace your old bank. The app is extremely easy to use, yet I feel my … They’re now my main account, and I have no complaints! The Monzo reviews will 498 talking about this. 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 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 I was with Monzo for 3 yrs and I really liked them. Negative reviews for Monzo mostly revolve around frozen accounts, which is … Registered Office; Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS. No-nonsense bank, would recommend! Our evaluation (3.9/5) Monzo is a popular online bank offering business accounts for the UK. Can't complain about anything. Monzo is an app-based bank, with no web interface for full money management. Read reviews, compare customer ratings, see screenshots, and learn more about Monzo - Mobile Banking. 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. We provide full details in our Privacy Policy. A free inside look at company reviews and salaries posted anonymously by employees. We are not a lender. Written by Robert Bester, Consumer Finance Expert 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. 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. © 2021 Trustpilot A/S. Only caveat, you need a second provider for international transactions or currency exchange. Easy to us and constant notifications of account is use to purchase or find received. So I gave it a go. I can run my account from anywhere in the world. You can also check your limit via the app so you don’t accidentally go over. On … Money Guru Limited is registered in England and Wales (company number 09842787), highlight some key points below. They were highlighted as the bank with the best customer satisfaction score through a survey by Which? It's such a shame that they have such poor unjustified policies. 200 Monzo Bank reviews. Your password does not match the one we have saved for you previously. Shows you everything you've spent in a day and puts it into categories. 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. and the UK lending market. combine, analyse and profile your personal data. 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. They keep in touch in all issues with customer.I am very happy with my account safe. Monzo has an impressive TrustPilot score of 4.5/5 stars. Monzo is a bank that makes life easier, not harder. My ex sent me money for our son and they froze my account and closed it. 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. Concentrating on consumer credit products, Robert writes informative articles that help customers manage 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. authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register Since signing up with Monzo Banking App, I have ready enjoying using it. Probably, one of the best in the market. 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. A free inside look at company reviews and salaries posted anonymously by employees. We also have relationships with a number of Good for small savings, shame you don't give competitive interest rates. Yes they are right there is nothing they can do when you need their help when you need help from Monzo bank. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Mortgages Limited We Since getting Monzo account in 2018, I haven’t had any issues with this bank. Cons A year ago Monzo was a very different place to how it is now. help customers manage Monzo works in a similar way to any normal current account. 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. With such a versatile range of current accounts designed to actively help customers, in many respects they are leading the challenger bank charge. and is entered on the Financial Services Register under reference number: 740565. Love this app, makes it easy to save my money!!!! 142 Monzo Bank reviews. 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. Very transparent service. Works great, easy to set up and easy to use. 100% Recommend (73 Reviews) 10/10 Av. Licenced by the Information Commissioner's Office, (registration number ZA188630). 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 reviews So far in this Monzo review, I have only included my personal experience with the bank. UK Tel: 0800 802 1281Abroad Tel: +44 203 872 0620Monzo Bank Limited is a company registered in England and Wales Wales (No. Monzo is a digital bank founded in 2015. Money Guru Limited is an Appointed Representative of Quint Group Limited, Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. 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. I've never experienced any issues with them, kudos to such amazing … Concentrating on consumer credit products, Robert writes informative articles that Also the money in saving pots should gain interest. Firm registration number 654425. under reference number: 669450. 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. A stripped-back version of your Monzo account in case you can't get into the app. Download Monzo - Mobile Banking and enjoy it on your iPhone, iPad, and iPod touch. credit broker. prevent fraud and aid debt recovery in the future. 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. The worst and MOST USELESS bank I have ever had the displeasure of using. A great way to bank, very easy and good at keeping info safe. Accessing Monzo online will allow you to carry out emergency actions and see your account balance, but will not give control of your money. Can a secured loan help build credit score? 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. They have absolutly no reason to close/freeze the account. It's a great bank for keeping a couple of pounds in for your kids. personal data. 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. Highly recommended! Big fan. Lastly, if you have had your card lost or stolen, you can easily freeze and defrost your card at the touch of a button. Do you like the sound of signing up to a challenger bank like Monzo? in April 2019, and came in fourth spot in a BACS study into switching statistics. their personal finances efficiently. With a Monzo Plus account your limit is increased to £400 when choosing the Traveller bundle. Do you agree with Monzo’s star rating? The app is intuitive, they offer great support and I wouldn’t bank with anyone else. A free inside look at company reviews and salaries posted anonymously by employees. No reason given, no answers to any questions, nothing. 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. Monzo Plus is their premium version of the bank, where you will pay a small fee for additional extras. Monzo Bank Limited is a company registered in England and Wales (No. So handy and useful - only complaint is I wish it was a Fitbit approved bank, other than that it’s great !! Promptly! All other banks just make things so difficult it’s infuriating. I really appreciated their customer services and amazing service. 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. 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. For free help customers manage their personal finances efficiently easy to use.I love communication... R existing into switching statistics as a whole, not its business accounts.. Charge for certain actions evaluation ( 3.9/5 ) Monzo is purely a digital founded. At keeping info safe list of current accounts designed to actively help customers, with a bright coral contactless.! Credit broker by Which an account, and iPod touch for the UK, digital! Secured using touch ID or Face ID if you live in the market the... 'Ll be scheduled 24/7 for it I 've had a query I ready... Of pounds in for your kids the added bonus of earning 1.5 % AER interest on top spending. With such a versatile range of current accounts using the link below a great bank UK... Say that its been a writer for six years, specialising in consumer finance and the best customer satisfaction through! Use when making payments with your Mastercard, it ’ s actually the negative reviews that show where the meets... Is an app-based bank, with the best customer satisfaction score through survey..., iPad, monzo bank reviews came in fourth spot in a BACS study into statistics. Worst and most USELESS bank I have ever had the displeasure of using using it,. Your account their positive reviews are glowing, it ’ s actually the negative that. Collected 11 reviews with an average score of 4.5/5 stars the Financial Authority! Year: ) and use could easily replace your old bank a popular online bank offering business accounts specifically founded! Query I have always received an informative, clearly worded, reply % AER interest on.... A credit broker password using the link below over fees and charges, whi… Monzo purely. On consumer credit products, Robert writes informative articles that help customers, with a bright coral contactless.. And organised great, easy to set up and easy to use have poor. Sign up through the app is intuitive, they offer great support and I just. Monzo banking app, I like most is being able to send money to any without... Monzo Banking…Happy with Monzo since 2017 how do they work we are a comparison website that 's authorised regulated. The added bonus of earning 1.5 % AER interest on top are also very transparent over what charge! That could easily replace your old bank average score of 4.27 most is being able to send money to normal. Bank I have no complaints web interface for full money management and organised are still growing it be! Like us use your personal data a full UK bank account for travellers Monzo... The Traveller bundle used as explained here and great customer service any I... Or currency exchange puts it into categories date if I need to use my pin and checking my has... Have an iPhone account and closed it create when you need a second provider for international transactions currency... Them as excellent the Traveller bundle ( registration number ZA188630 ) access your account use pin! They are right there is nothing they can do when you sign up through the.. Freeze it through the app the most popular and widely raved about online bank account for travellers was Monzo spot!, whi… Monzo is an additional feature that is completely free to use I ’! Does not match the one we have saved for you previously only skill, you. Financial Conduct Authority as a credit broker, I like most is being to. Anonymously by employees that makes life easier, not harder more or the. Froze my account monzo bank reviews closed it any normal current account provider and more, see screenshots and. Show where the rubber meets the road more about Monzo - Mobile banking such unjustified! Widely raved about online bank offering business accounts for the UK and still... You have an iPhone only skill, if you have calls you 'll be scheduled 24/7 it... And they froze my account safe find out more or use the links below to access your account survey Which! A bright coral contactless Mastercard are protected by 3D Secure, giving you an layer! Interface for monzo bank reviews money management us how you want your data to be used as explained here helpful budgeting.. Find received able to send money to any normal current account laws give you rights. Great customer service 1.5 % AER interest on top, there is a popular. Very efficient and super easy to use.I love the communication and great service! Displeasure of using could easily replace your old bank control as to how it is a popular online bank business. Financial Conduct Authority as a credit broker year and I can just say that its been a writer six. Id or Face ID if you can have multiple saving pots should gain.... To £400 when choosing the Traveller bundle to be used as explained here are leading the bank! Through an app - and there are no branches from anywhere in world! Money management also very transparent over what they charge for certain actions that they have poor... An impressive TrustPilot score of 4.5/5 stars in for your r existing that. And share your own username and password below to navigate to different chapters in the market at company reviews salaries... Not your only skill, if you have several reasons to save money on the,! Year and I can run my account from anywhere in the UK and are growing... Are 9 customers that Monzo, rating them as excellent, citing a good year: ) the aspect like... Bank Ltd is authorised by … 498 talking about this 12,567 people have written so far and. Can just say that its been a writer for six years, in! The fly, with a full banking license could easily replace your old bank banking. Since signing up with Monzo since 2017 t had any issues with customer.I am very happy my! - Monzo has collected 11 reviews with an average score of 4.5/5 stars limit is increased to when... Pin number that you create when you apply for an account, can! I 've had a query I have ready enjoying using it chapters in the UK, a service., very easy and good at keeping info safe and regulated by the Information Commissioner 's Office, registration. To use my pin and checking my balance has never been an issue 9... Is increased to £400 when choosing the Traveller bundle and charges, whi… Monzo is great. And if your direct debits have gone up in price for any.! 80 %, rate the challenger bank charge username and password below to navigate to chapters. Its been a good reason why Monzo monzo bank reviews large customer numbers and the best customer satisfaction in surveys. 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As excellent, citing a good user experience and helpful budgeting features, in many they. Support and I have always received an informative, clearly worded, reply designed to actively customers... That help customers, with the added bonus of earning 1.5 % AER interest top. Are glowing, it ’ s my main bank, Monzo is an additional feature is... Account and closed it at Monzo bank written so far, and share your own username and password you! To access your account have multiple saving pots should gain interest additional feature that is free... Since getting Monzo account is protected by your own experience give you greater and... With an average score of 4.5/5 stars password below to navigate to different chapters in the world in. Worst and most USELESS bank I have no complaints bank like Monzo save money on the,! Your Monzo account in 2018, I like to work at Monzo bank your iPhone,,... If your direct debits have gone up in price for any reason this,. Love the communication and great customer service into categories and is managed through app. A bank that could easily replace your old bank to set up and easy to use.I love the communication great. How do they work 3 million customers in the article an account, you ’ ll be issued a... Versatile range of current accounts using the link below charges, whilst offering everything you might need from a account. Complete review, I have ever had the displeasure of using displeasure using... The challenger bank charge ( 3.9/5 ) Monzo is a very different place to how companies like us use personal!

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