About Monzo

Monzo is a digital-only bank based in the United Kingdom. It offers a range of banking services through its mobile app.

Pros and Cons

Pros

• User-Friendly App: Highly rated for its intuitive design.
• Instant Notifications: Real-time alerts for transactions.
• Budgeting Tools: Built-in features to help manage spending.

Cons

• Limited Availability: Primarily available in the UK and USA.
• Cash Deposit Limits: Limits on cash deposits.

FAQ

Is Monzo a real bank?

Yes, Monzo is a fully licensed bank in the UK.

Can I use Monzo abroad?

Yes, Monzo allows you to use your card abroad with no fees.