Tech riderRev. 29 Sept 2026
- 1Runs onAndroid, iOS, Web
- 2CostsFree plan · free trial
- 3Asset scopecards + fiat
- 4Virtual cardsYes
- 5Peer transfersYes
- 6International transfersYes
- 7Supported platformsiOS, Android, web
- 8Transaction limit100 per transaction
8 lines stated Written from the maker's own pages: monzo.com
Overview
Monzo is ranked #2 of 44 in digital wallet apps on Specifiction. It runs on Android, iOS, Web. There is a free plan. A free trial is offered.
Monzo plans and pricing
All plansMax 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 wallet apps
Facts
- What it does
- Monzo is a UK bank offering current accounts and tools for spending, saving, borrowing, investing and managing money in its app.monzo.com · 29 Sept 2026
- Budgeting
- Salary Sorter divides income into separate Pots for bills, spending and other budgeting needs.monzo.com · 29 Sept 2026
- Savings
- Customers can use Savings Pots, ISAs and savings accounts, with rates varying by account and subscription plan.monzo.com · 29 Sept 2026
- Investments
- Monzo offers investment options starting from £1 and says investment values can go down as well as up.monzo.com · 29 Sept 2026
- Travel spending
- Monzo says cardholders can spend abroad without foreign transaction fees and see live exchange rates in the app.monzo.com · 29 Sept 2026
- Account connections
- Monzo connects other bank accounts and credit cards using FCA-regulated Open Banking, and asks customers to renew connections every 90 days.monzo.com · 29 Sept 2026
- Supported banks
- The listed supported providers include American Express, Barclays, Chase, HSBC, Lloyds Bank, NatWest, Revolut, Starling Bank and others.monzo.com · 29 Sept 2026
- 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.monzo.com · 29 Sept 2026
- Fraud protections
- Security features include Call Status, instant transaction notifications, card freezing, biometric login and extra checks for large payments.monzo.com · 29 Sept 2026
- Customer support
- Monzo offers 24/7 support through in-app chat.monzo.com · 29 Sept 2026
- Cash and cheques
- Customers can deposit cash at PayPoint or Post Office for £1 per deposit and pay in cheques through the app.monzo.com · 29 Sept 2026
- 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.monzo.com · 29 Sept 2026
- 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.monzo.com · 29 Sept 2026
Company
- Headquarters
- London, United Kingdommonzo.com · 28 Sept 2026
Best Monzo alternatives
See all 20 All accessCh 01 Guarda Wallet Free planAndroidBrowser Free to start7.7 All accessCh 03 Monese Free planAndroidiOS from £2.50/mo7.4 All accessCh 04 Google Pay Free planAndroidiOS Free to start7.3 All accessCh 05 PayPal Invoicing Free planWebiOS Free to start7.3 All accessCh 06 Wise Free planAndroidiOS Free to start7.3 All accessCh 07 Apple Pay Free planiOSMac Free to start7.2
Where it ranks on Specifiction
- Best Digital Wallet Apps in 2026#2 of 44
Is Monzo yours?
Claim it for free: prove the domain, then correct facts, plans and screenshots. An editor reviews every change.
Sources
- monzo.com· checked 29 Sept 2026
- monzo.com/current-account/plans· checked 29 Sept 2026
- monzo.com/security· checked 29 Sept 2026