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Monzo

FromFree

Free planYes

Rank#1/44

Runs onAndroid, iOS, Web Free trialYes Score7.3

Monzo is ranked #1 of 44 in digital wallets on The Finance Base. It runs on Android, iOS, Web. There is a free plan. A free trial is offered.

Monzo plans and pricing

All plans

Monzo Free UK current account · 16+ monzo.com · 29 Sept 2026

Perks Not published £9 a month 18+ · Extra features · Partner perks monzo.com · 29 Sept 2026

Extra Not published £3 a month 18+ · Advanced money tools monzo.com · 29 Sept 2026

Max Not published From £19 a month 18–69 · 3 months minimum · Travel and phone insurance · Breakdown cover monzo.com · 29 Sept 2026

Compared on digital wallets

Free plan: Yes
Asset scope: cards_and_fiat
Virtual cards: Yes
Peer transfers: Yes
International transfers: Yes
Supported platforms: iOS, Android, web
Transaction limit: 100 per transaction

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The record

What it does: Monzo is a UK bank offering current accounts and tools for spending, saving, borrowing, investing and managing money in its app.
Budgeting: Salary Sorter divides income into separate Pots for bills, spending and other budgeting needs.
Savings: Customers can use Savings Pots, ISAs and savings accounts, with rates varying by account and subscription plan.
Investments: Monzo offers investment options starting from £1 and says investment values can go down as well as up.
Travel spending: Monzo says cardholders can spend abroad without foreign transaction fees and see live exchange rates in the app.
Account connections: Monzo connects other bank accounts and credit cards using FCA-regulated Open Banking, and asks customers to renew connections every 90 days.
Supported banks: The listed supported providers include American Express, Barclays, Chase, HSBC, Lloyds Bank, NatWest, Revolut, Starling Bank and others.
Security: Monzo says it is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA, with eligible deposits protected by FSCS up to £120,000 per person.
Fraud protections: Security features include Call Status, instant transaction notifications, card freezing, biometric login and extra checks for large payments.
Customer support: Monzo offers 24/7 support through in-app chat.
Cash and cheques: Customers can deposit cash at PayPoint or Post Office for £1 per deposit and pay in cheques through the app.
Notable limits: The plans page says customers can have up to 5 live virtual cards, create up to 9 every 30 days and a maximum of 100 per year.
Who can apply: Monzo states its accounts are for UK residents, and its business account page says eligible applicants are UK sole traders or limited company directors.
Headquarters: London, United Kingdom
Price from: Free

Where it ranks on The Finance Base

Best Digital Wallets in 2026#1 of 44

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Sources

monzo.com· checked 29 Sept 2026
monzo.com/current-account/plans· checked 29 Sept 2026
monzo.com/security· checked 29 Sept 2026