Monzo
Monzo introduces a new way to manage your finances from the comfort of your mobile phone. Founded in 2015, Monzo gained traction as one of the fastest-growing, crowd-funded campaigns in history, managing to raise one million dollars in a matter of minutes. The bank boasts features to enhance your budgeting, help you understand and organize your finances as well as introduce some practicality to managing your everyday finances. Monzo offers a new way of banking: an account managed and run entirely through a mobile app.
ABOUT MONZO
Monzo is a digital-only bank designed to make the way you spend and save money easier.
Its banking accounts include no fees, no monthly minimums, and no account charges.
Today, more than 10 million people use Monzo's coral cards to manage their money and spend around the world.
MONZO ACCOUNTS
Monzo Current Account.
A full UK current account with no fees. You can spend and withdraw money anywhere around the world that accepts Mastercard and manage your spending in the Monzo app.
Monzo Joint Account.
So long as you both already have a Monzo current account, opening a joint account in the app is easy. You’ll both receive a new Monzo joint account card and you can see who’s made each transaction so it’s easy to see exactly where your money’s going.
Monzo 16-17 Account.
A Monzo bank account designed specifically for teenagers with almost all of the features that the current account comes with.
Choose from either Business Lite, a free account or Business Pro which costs £5 per month. You can apply for an account if you’re a sole trader or registered limited company by shares in the UK, and only pay tax in the UK.