Introducing the new Monzo Plus

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

:dollar: 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).

:link: 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.

:credit_card: 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.

:lock: 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.

:eyes: 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.

:shopping: 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.

:money_with_wings: 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.

:bank: 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.

:atm: £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.


Congrats on the launch @tomdavies, it’s great so far!


Nothing for joint account users.

I gave up on Monzo being exciting about a year ago as I’m a soul joint account user. I just use it now with the same enthusiasm I had for my old NatWest account :confused:


Someone asked about Amex in the other thread.

As the Open Banking team said in the Easy Bank Transfers thread, Amex don’t use standard Open Banking APIs, so as Peter guessed a few days ago, it will take a while longer before Amex is supported :slight_smile:

At launch we support adding payment accounts and credit cards from Lloyds, Barclays, Barclaycard, HSBC, NatWest, Santander, Halifax, Nationwide, RBS, Bank of Scotland, First Direct, Capital One, MBNA. We estimate this covers over 85% of Monzo customer’s other accounts.

Not all providers share all kinds of savings accounts with us; for example, ISAs are not usually included.


Congrats on the launch.

Few questions:

  • Does the connected bank accounts only show current accounts & credit cards?
  • Can you choose a pot for the Virtual Cards?
  • Any pics of the Holographic Card in physical form?

Congratulations. I’m having a good read up before signing up but looks great on first impressions.

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As I said in the other thread: I really want joint account support myself! But we’re keen to make sure we get this right for personal accounts first :blush:


There are some awesome features here, so well done to the team for implementing them.

Sadly a non-starter for me as joint accounts are (surprise surprise) completely ignored. :disappointed:

Also… no Amex support just now, but at least that’s something I imagine will actually improve.


Not yet, but we’ve thought about and experimented with this internally… :bulb:


I love it so far. One question though - I’ve tried to add my help to buy ISA from Natwest but it won’t work. It says I don’t have any valid accounts. Is this because I don’t also have a current account with Natwest and if so, will I ever be able to add this? :thinking:

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If you need a beta tester…


ISAs aren’t supported.

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Nothing on there I see is very interesting - Paying for credit score info you can get for free?

This looks another flop in the making.


While I don’t know if the whole thing is for me, I’m at least impressed at the price point and minimum term combo - makes it worth’s. Little trial.


I was hoping that there would be more to budgeting than just categories and transaction splitting though. Maybe even a more pots / no pot limit.

And I was / am hoping whatever happens with Open Banking allows for pot movements based on other card activity. I.e - balance go up, I can add money to a pot. Or if that became more iFTTT-able that would be great. But early days there.

Can’t wait to play with virtual cards, and hopefully I’m assuming a 2nd rumoured travel based version might come soon.


Looks great and will join once available for joint accounts. Any timeline on this?


It’s definitely not going to be worth it for a lot of people. And that’s ok.


It doesn’t seem like I can pay my Plus subscription from my bills pot which is very annoying


Ahh that’s a shame! It would be great to have that paired to a pot. Maybe in the future?!?

Also on Offers - never been super keen on premium offers, but I was about to make an order at Patch so that’s something!

Sorry, I should have actually read that! A shame as the only account I have with another bank is that isa :crazy_face:

I think flop in the making isn’t quite accurate. It’s being sold as a “SaaS addition” - ie a software upgrade to your account.

The Credit Score thing is a limitation of the provider to only provide it every 30 days I think, to try to keep people going back to their site instead probably :man_shrugging: