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Monzo reviews

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Rated Excellent 4.93/5

Monzo reviews

Verified business
Last reviewed within 21 days
  • Offers exclusive rewards and discounts to customers
    Offers exclusive rewards and discounts to customers
  • Fully digital service with no in-person branches
    Fully digital service with no in-person branches
  • FCA approved and regulated
    FCA approved and regulated
  • Manage your account or policy via an app or website
    Manage your account or policy via an app or website

Review summary

People rate this company as Excellent based on 17,974 product reviews

Average score of 4.93/5
5 star
96%
4 star
3%
3 star
0%
2 star
0%
1 star
1%
Reviews for Monzo have trended negatively over the past 90 days

Latest positive rating

5/5

Good for everything

Efficient. Good at organising your money with pots(with decent interest i may add). Flawless when transferring money to other accounts - i had issues with... Efficient. Good at organising your money with pots(with decent interest i may add). Flawless when transferring money to other accounts - i had issues with transferring money to my investengine ISA using HSBC but Monzo worked every time. Also it can link your mortgage with your account and tell you how much equity you've built up - very nice feature Read more Read less

{"display":"Alexbrada","full_name":"Alexbrada","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Current Account
Alexbrada 27th November 2024

Latest negative rating

1/5

Asked for statements after closing my account

Closed my monzo account. They sent me an annual statement. Requested on Wednesday 13th November for statements to be sent in a monthly format to... Closed my monzo account. They sent me an annual statement. Requested on Wednesday 13th November for statements to be sent in a monthly format to me via email. Specially for last 4 months. I know it can take up to 2 working days. But I have sent so many emails and made calls since Wednesday 13th November as it is an emergency and they are just not responding. The agents on the phone cannot do anything to escalate it. This is bad considering it's a simple task to carry out. I am disappointed. My relatives have accounts with Monzo and will advise them better to close it. Very robotic experience and no personal touch or care towards my needs. Read more Read less

{"display":"Muhammed A","full_name":"Muhammed A","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Current Account
Muhammed A 15th November 2024

About Monzo

Monzo is a digital bank that offers a mobile app for managing money, budgeting and saving.

Monzo was founded in early 2015 with the mission to build the best bank in the world, challenging long-standing traditional banking formats. Now more than 10 million people manage their money and spend around the world through Monzo.

Monzo provide personal current accounts, savings, investments, pensions, credit cards, loans and business banking.

Monzo at a glance

Contact details

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Reviews for Monzo

Showing 11 of 17974 company reviews Last reviewed within 21 days

Good for everything

Current Account 27th November 2024

Efficient. Good at organising your money with pots(with decent interest i may add). Flawless when transferring money to other accounts - i had issues with... Efficient. Good at organising your money with pots(with decent interest i may add). Flawless when transferring money to other accounts - i had issues with transferring money to my investengine ISA using HSBC but Monzo worked every time. Also it can link your mortgage with your account and tell you how much equity you've built up - very nice feature Read more Read less

Rated Excellent 5/5
Read more product reviews

I am a huge fan of Monzo and have been a loyal custo...

Current Account 18th November 2024

I am a huge fan of Monzo and have been a loyal customer for nearly six years. I have never encountered any issues with the... I am a huge fan of Monzo and have been a loyal customer for nearly six years. I have never encountered any issues with the bank and have only had positive experiences. From receiving my salary a day early to seamlessly transferring money and resolving disputes, Monzo has consistently exceeded my expectations. Read more Read less

Rated Excellent 5/5
Read more product reviews
  • 1/5

    Asked for statements after closing my account

    Closed my monzo account. They sent me an annual statement. Requested on Wednesday 13th November for statements to be sent in a monthly format to... Closed my monzo account. They sent me an annual statement. Requested on Wednesday 13th November for statements to be sent in a monthly format to me via email. Specially for last 4 months. I know it can take up to 2 working days. But I have sent so many emails and made calls since Wednesday 13th November as it is an emergency and they are just not responding. The agents on the phone cannot do anything to escalate it. This is bad considering it's a simple task to carry out. I am disappointed. My relatives have accounts with Monzo and will advise them better to close it. Very robotic experience and no personal touch or care towards my needs. Read more Read less

    {"display":"Muhammed A","full_name":"Muhammed A","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Current Account
    Muhammed A 15th November 2024
  • 1/5

    AVOID THIS BANK! CROOKS AND. CRIMINALS

    Monzo Bank froze my account and made the decision to close it, withholding all of my funds and leaving me and my two young children—a... Monzo Bank froze my account and made the decision to close it, withholding all of my funds and leaving me and my two young children—a six-month-old baby and a toddler—without any way to buy food, pay for heating, or keep our electricity on. I provided Monzo with every piece of documentation they requested, including proof of an incoming transaction from a well-established UK business and all related invoices, yet they have ignored everything. Instead, they’ve kept our money and left us in the dark without a word of explanation. I am horrified by how Monzo has treated us. After repeatedly explaining to them how serious our situation is and showing them proof that we have access to no other means or funds from elsewhere they took the unimaginable step of blocking my phone number entirely from being able to call them and cutting off any way for me to reach them via a call. No calls or messages ever became heated or escalated, I simply begged for help to get my children and me through this crisis. For Monzo to prevent me from even contacting them is heartless and cruel. No bank or financial institution blocks your phone number to ensure it’s harder and difficult for you to obtain your funds and should never treat a customer this way even if they have decided to terminate banking relationship our crime is that a uk business paid us and we provided everything they asked for immediately. This is not how a regulated financial institution should behave—it’s what you would expect from criminals who take your money and disappear, with no thought or care for the people they harm. I am at my breaking point. We are suffering without access to our own funds, and the stress is unbearable. Monzo has shown complete disregard for our well-being even tho stated plenty of times and begged for release of our funds and made them aware on numerous occasions about the young children,Their actions are unethical, unprofessional, and shockingly inhumane. Read more Read less

    {"display":"Sun P","full_name":"Sun P","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1072260.png"}}'s avatar
    Current Account
    Sun P 7th November 2024
  • 4/5

    I have had multiple issues in terms of cancelling pa...

    I have had multiple issues in terms of cancelling payments I have requested to be cancelled multiple times, but aside from that no issues.

    {"display":"Monica J","full_name":"Monica J","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1071398.png"}}'s avatar
    Current Account
    Monica J 15th October 2024
  • 5/5

    Great online bank

    Easy customer experience on app, can get paid early on app and get wages a day early which is the best

    {"display":"hannahbjm","full_name":"hannahbjm","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Current Account
    hannahbjm 14th October 2024
  • 5/5

    Everything I need in one Place!

    Everything I need in one Place! I love the Monzo current account as it shows me exactly where I'm spending my money, it allows me... Everything I need in one Place! I love the Monzo current account as it shows me exactly where I'm spending my money, it allows me to put spend triggers in place for money management, I have seperate pots for specific spending and savings. It also lets me set goals of what I want to achieve -it's allowed me to manage my money effectively! I love it Read more Read less

    {"display":"Cameron D","full_name":"Cameron D","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Current Account
    Cameron D 14th October 2024
  • 5/5

    Easy to use

    This bank is much more convenient than the high street bank for daily use

    {"display":"Anonymous","full_name":"Anonymous","avatar":{"url":"\/assets\/uploads\/avatars\/users\/705611.png"}}'s avatar
    Current Account
    Anonymous 10th October 2024
  • 5/5

    Great rates, minimal fuss

    Great rates, minimal fuss with setting up accounts, savings lots, making transfers, budgeting and travelling abroad. Finally a bank that is customer focused.

  • 5/5

    Monzo Flex Credi Card is so good that I can feel hap...

    Monzo Flex Credi Card is so good that I can feel happy in every transaction.

    {"display":"Niaz Morshed","full_name":"Niaz Morshed","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Flex Credit Card
    Niaz Morshed 17th September 2024
  • 5/5

    Its amazing invention from Monzo banking on line I l...

    Its amazing invention from Monzo banking on line I love Monzo keep going guys you are doing well

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