We were inches away from bringing you a new Monzo Plus just a few months ago. With everyone focusing on more important issues, like our health and the health of our friends and family, it wasn’t the right time. We’d built these accounts around things we know you love doing like travelling and visiting great restaurants, but we’re living in a different world now.
We went back to the drawing board to build a product that would still be really useful even if we can’t travel as much right now. We’re thrilled with what we’ve built, and we’re excited to announce the new Monzo Plus.
The new Monzo Plus
Monzo Plus is the account that puts money in your hands. You’ll earn interest on your balance, access tools that help you get a grip on your finances, then stretch your pennies into pounds. All with an exclusive holographic card.
Here’s what’s inside:
- 1.00% AER/Gross (variable) interest on up to £2,000
- View your other bank accounts in Monzo
- Virtual cards
- Your credit score in Monzo
- An exclusive holographic card
- Offers
- Custom categories
- Transaction splitting
- Advanced roundups
- 1 free cash deposit a month
- £400 fee-free ATM withdrawals overseas
Earn interest on your balance and regular Pots
You’ll earn 1.00% AER/Gross (variable) interest paid monthly on your account balance and money in regular Pots up to £2,000 (not including Savings Pots).
See other accounts, in Monzo
Get a clear view of your finances by adding other accounts and credit cards to Monzo. See your balances and transactions, and move money around using easy bank transfers. This is a brand new feature, built with Open Banking. You can read more about how we’ve tested this with external cards in the past.
Holographic Monzo card
The card boasts a reflective holographic layer and our Monzo logo on hot-stamped foil. With your details kept neatly on the back of the card for a minimalist design.
Spend online and in-app securely with virtual cards
Keep your physical card details safe by using virtual cards for online payments. Great for subscriptions and online shopping.
See your credit score, in Monzo
We show you a monthly update of your score, with the key factors and how they influence it. All with no long forms to fill in. Powered by TransUnion.
Offers
Get 15% off Patch plants and plant pot orders over £50. Plus 25% off Fiit home workout membership and 20% off a Babylon Health annual subscription. Plus plenty more. Conditions apply.
Powerful budgeting tools to see more and save more
- Custom categories and transaction splitting: create custom spending categories and pick more than one for a single transaction to better understand your spending
- Advanced roundups: make your spare change go further by choosing to put aside 2, 5, or 10 times as much each time you spend.
- Live sync all of your Monzo activity to Google Sheets: We’ll add your transactions to a Google Sheet as they happen, so you can do your analysis your way.
Make 1 cash deposit a month for free
Got some cash in your hand and nowhere to put it? Drop it into your Monzo Plus account at one of over 28,000 PayPoints in the UK absolutely free.
£400 fee-free ATM withdrawals overseas every 30 days
Extra cash when you need it. For every 30 days that you’re away, as soon as you can travel the world again.
A thank you from us
We’re offering the first 2 months of the new Monzo Plus for free to anyone who bought the old one! If you sign up we’ll put £10 credit in your account, and you’ll pay £5 a month for a minimum of 3 months.
If you still have the old Monzo Plus, signing up does mean you’ll lose your existing benefits (find these in the app by going to Home and tapping ‘Plus’), including insurance policies if you have them.
This offer ends on 16 September and I have to remind you that Monzo Plus Ts and Cs apply . If we suspect any fraud or misuse we may withdraw the promotion early.
Tell us what you think
We’re excited to build from here, and as always, we’d love your help in knowing where to go next. You can read our blog post if you’d like to see more detail on the account here.
