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

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