Monzo Bank

Monzo Bank Limited is the UK-based digital bank with more than 11 million personal and business customers as of February 2025. It offers a range of financial products and services including current accounts, joint and business accounts, debit cards, savings, Cash ISAs, low rate personal loans, home improvement loans, international transfers powered by Wise and other services. It also offers buy now, pay later scheme and Monzo Flex, an award-winning credit card. The Bank is part of the FSCS (Financial Services Compensation Scheme), so your money is protected up to £85K. Established in 2015, Monzo was one of the first app-based challenger banks in the United Kingdom. Today, it employs around 3,100 people and maintains offices in London and Cardiff, and a division Monzo Inc in the US. Over 70,000 new customers open a Monzo account every month. The company is a reliable bank rated as excellent on Trustpilot with 4.5 out of 5.0 stars, from more than 44,800 reviews as of February 2025. Monzo's main competitors are Revolut, Starling Bank and N26.

Fast Facts (2024)
Gross revenue: £880 million
Profit before tax: £15.4 million
Net income: £8.7 million
Customer deposits: £11.2 billion
Total assets: £12.97 billion
Number of employees (FTE): 3,736
Number of customers: >11 million

Monzo Founders: Thomas Benjamin Blomfield, Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon

Travel with Monzo

Monzo don’t charge any fees for spending abroad. You can pay in shops, restaurants and online, and in any currency, with no fees. Overdraft is available.

Head office address:
Broadwalk House
5 Appold Street
London EC2A 2AG
United Kingdom

Phone number
Customer service: 0800 802 1281
International call: +44 203 872 0620
BIC/SWIFT code: MONZGB2L
Website: monzo.com