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Monzo Current Account Reviews

Ratings based on 1168 reviews Last review 1 day ago

Mondo is now Monzo!...

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Mondo is now Monzo! Monzo is a new breed of digital current account. They say, "It's time for a new kind of bank" so download the app and see what all the fuss is about. Read Monzo reviews from our community to see what people like you have to say about using the card in the real world, and whether the billed features live up to the hype or not. Already received your Monzo card and love/hate using it? Leave a review of your own and help out others decide whether signing up for Mondo/Monzo is right for them!

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Your Current Account Reviews (1168)

16th January 2020

Monzo changed my life

With Monzo I finally can see how much I'm actually spending and be conscious in my day-to-day purchases instead of constantly guessing whether I'm in or above my budget. Before monzo I did do budgeting the old way - in a spreadsheet, but it was very...

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With Monzo I finally can see how much I'm actually spending and be conscious in my day-to-day purchases instead of constantly guessing whether I'm in or above my budget. Before monzo I did do budgeting the old way - in a spreadsheet, but it was very time consuming and always after-the-fact end of month budgeting, it could not inform my day to day money decisions. With Monzo I'm actually saving effectively now.

Also the easy access savings pots allow me to make money on my buffer monthly cash rather than let it just sit there.

And they gave me a very easy and cheap loan to refinance my short term expensive debts and stop paying hundreds of pounds in interest where I could pay pennies. It's cheap, but not cheapest on the market, but also the transparency and ease of use for the loan totally justifies half-percent cost difference.

8th January 2020

Helped change the way I use money

I’ve been using Monzo a couple of years now, and it’s really changed the way I use my money. The visibility I have over each transaction is super useful for budgeting, and I’ve actively (and passively) saved more than I’ve ever before!

5th January 2020

Easy banking on your phone

From the sign up experience to the regular feature updates and improvements, to the security and social protections, it is clear that Monzo put a lot of effort into making banking not only easier but also safer and more supportive. The budget feature...

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From the sign up experience to the regular feature updates and improvements, to the security and social protections, it is clear that Monzo put a lot of effort into making banking not only easier but also safer and more supportive. The budget feature has had an enormous positive impact on my monthly spending, and the pots are simple genius. I don't personally use it but the fact they have a gambling and other lock outs that individuals can opt to turn on gives me hope that this company actually cares about their customers, rather than just saying they do. They have a page dedicated to Ethics and while this is a bit vague I hope and trust that they do care, and won't invest my money in oil and arms.

3rd January 2020

Just OK

Monzo are certainly a new and different bank, but still lacking in quite a few areas. App still missing some features that are generally core/main features for other banks; differences with Android and iOS; a ridiculous system for paying in cash, and...

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Monzo are certainly a new and different bank, but still lacking in quite a few areas. App still missing some features that are generally core/main features for other banks; differences with Android and iOS; a ridiculous system for paying in cash, and sometimes long waits for customer support.

2nd January 2020

Some fun features but fails at the basic

As soon as you want to do regular everyday banking, Monzo fails you. Checking payee details, good luck with that. Changing a date on a standing order - not that easy. Style over substance.

12th November 2019

Started off well, now behind the times

Started off a great bank but now they aren't adding features that other banks have such as cheque deposit via the app like other digital banks and no international payment support such as swift or iban, plus poor international atm withdrawl...

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Started off a great bank but now they aren't adding features that other banks have such as cheque deposit via the app like other digital banks and no international payment support such as swift or iban, plus poor international atm withdrawl limit
Other digital banks have more.

11th November 2019

Not worth it

Liars, bad/slow/poor customer services, suppress real customers views/feedback on their forum, poor ui, laggy and their first USP upon launch that is merchant data they can't even get that right to this day. Watchdog were #WhatsGoingOnzoMonzo

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