monzo bank reviews

We Licenced by the Information Commissioner's Office, (registration number ZA188630). I’ve been banking with Monzo since 2017. All rights reserved. Monzo has collected 11 reviews with an average score of 4.27. how you want your data to be used as explained here. Overall, there is a good reason why Monzo boast large customer numbers and the best customer satisfaction in recent surveys. A free inside look at company reviews and salaries posted anonymously by employees. So I gave it a go. Monzo is a digital bank founded in 2015. authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register Awesome banking experience. 200 Monzo Bank reviews. Revolut is another app-based bank service. Probably, one of the best in the market. Most of its reviews, 80%, rate the challenger bank as excellent, citing a good user experience and helpful budgeting features. They were highlighted as the bank with the best customer satisfaction score through a survey by Which? However, the account is entirely managed through the Monzo app, which is jam-packed with cool features and much slicker than your average banking app. highlight some key points below. Money Guru Limited is registered in England and Wales (company number 09842787), Budget using the Monzo app, which provides you with a breakdown of your spending and allows you to set spending targets for you to keep within. Everything is so easy as it should be in 2021. Monzo vs Revolut vs Starling: We pit the 3 online banks head to head, crunching down the pros and cons, and which is right for you. Also the money in saving pots should gain interest. Your password does not match the one we have saved for you previously. | Read 12,061-12,080 Reviews out of 12,567 Visit this website their personal finances efficiently. Lastly, if you have had your card lost or stolen, you can easily freeze and defrost your card at the touch of a button. This can be further secured using Touch ID or Face ID if you have an iPhone. Good for small savings, shame you don't give competitive interest rates. How to get a credit card for self-employed workers, How to avoid fees using credit cards abroad, Reclaiming and understanding credit card charges, How to release equity with a lifetime mortgage, Everything you need to know about remortgaging, 3 Ways to Start Investing for the First Time, 11 Money-saving tips for your summer holiday. It couldn’t be easier to spend abroad with Monzo, especially as you won’t have to worry about additional fees when spending. Can transfer super fast with this card. 09446231). credit broker. Monzo has an impressive TrustPilot score of 4.5/5 stars. companies where we share personal data to enhance and validate the data they hold and to use to As an extra security measure, if you spend over £100 through contactless payments in a short space of time, you will be prompted to use chip and pin, just to ensure your card has been compromised. It is a very popular digital bank for UK customers, with a full banking license. The worst and MOST USELESS bank I have ever had the displeasure of using. Quint Group Limited is Your Monzo account is protected by your own username and password that you create when you sign up through the app. Concentrating on consumer credit products, Robert writes informative articles that Changes in privacy laws give you greater rights and control as to how companies like us use your Of course, Monzo isn’t the only smart bank around, there’s also Starling, Atom, Revolut and several others that offer similar features, all-based around your smartphone. With such a versatile range of current accounts designed to actively help customers, in many respects they are leading the challenger bank charge. All other banks just make things so difficult it’s infuriating. Yes they are right there is nothing they can do when you need their help when you need help from Monzo bank. While many challengers suffer from being a ‘side-account’ to more established high street bank accounts, Monzo offer an account you could quite easily adopt as your sole account, by offering a stable platform and boasting a convincing customer base. Don't ever make them your main bank especially if you are a single mom, struggling financially or you have a substantial amount of money and decide to transfer it. Only caveat, you need a second provider for international transactions or currency exchange. 100% Recommend (73 Reviews) 10/10 Av. in April 2019, and came in fourth spot in a BACS study into switching statistics. Any time I've had a query I have always received an informative, clearly worded, reply. I am stuck without money for me and my son during covid because they hold the money in the account for 4 weeks before they give you back. So I gave it a go. 09446231). There aren’t many fees attached to owning a Monzo account, which makes it a favourable account for customers who have been stung in the past when spending. Read Monzo reviews from our community to see what people like you have to say about using the card in the real world, and Since getting Monzo account in 2018, I haven’t had any issues with this bank. Do you like the sound of signing up to a challenger bank like Monzo? Amazing!!!! Great app, great support. They keep in touch in all issues with customer.I am very happy with my account safe. It's a great bank for keeping a couple of pounds in for your kids. Cons A year ago Monzo was a very different place to how it is now. Registered Office; Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS. We are a comparison website that's authorised and regulated by the Financial Conduct Authority as a Overall, there is a good reason why Monzo boast large customer numbers and the best customer satisfaction in recent surveys. !Love the 'round up' - amazing as I don't miss the few pennies on a transaction but, my goodness, they certainly add up. The best bank thank you for your r existing. As with any spending, you’re advised to always choose the local currency when deciding how to spend, as this will ensure you get the best exchange rate. Best bank I’ve used. They have absolutly no reason to close/freeze the account. What is the Business Banking Switch Scheme? Along with real-time notifications, you will have instant access to your account so you can make transfers, payments and top up your savings any time of the day or night. Online payments on the other hand are protected by 3D Secure, giving you an extra layer of security when spending this way. Offering unique features like ‘Get Paid Early’ and ‘Bill Splitting’ really set them apart from competitors, with a community spirit fostered through crowdfunding and their online help centre. Do you agree with Monzo’s star rating? © 2021 Trustpilot A/S. 142 Monzo Bank reviews. Cons Even though it's not your only skill, if you have calls you'll be scheduled 24/7 for it. Open a full UK bank account from your phone, for free. We’ve put together a useful review on Monzo to help you make up your mind whether it’s the best challenger bank for you. They’re now my main account, and I have no complaints! No reason given, no answers to any questions, nothing. They say, "It's time for a new kind of bank" so download the app and see what all the fuss is about. You will also get notified of spending and if your direct debits have gone up in price for any reason. Balance Transfer Credit Cards: how do they work? Unlike a high street bank, Monzo is purely a digital service and is managed through an app - and there are no branches. The app is intuitive, they offer great support and I wouldn’t bank with anyone else. Very transparent service. 185 Monzo Bank reviews. To avoid fees, take note of the following circumstances: If you need any questions answered regarding your Monzo account, your first port of call should be their online help centre, where you find lots of useful information. prevent fraud and aid debt recovery in the future. Users are able to pay cash into their Monzo account at any of the 28,000 stores around the UK that have the yellow and purple PayPoint logo, but there is a £1 fee for every cash deposit that you make. Having bought clothes off an Insta ad (I know stupid me) I had lost nearly 100£ as the company turned out to be a fraud. They are currently still building this, but they have confirmed that they will be adding add on features such as travel insurance and a higher ATM limit when withdrawing cash abroad. BEWARE they close the account first and don't even ask questions, there is no high street branch you can go to, all you get is emails from random customer services that are the automated style. We always want to provide the best service to our customers - to do this, we may need to With a Monzo Plus account your limit is increased to £400 when choosing the Traveller bundle. Monzo - best bank for dealing with fraud Been a customer with Monzo for years now and have invested in them, but I've never been as happy with them as today. Love this app, makes it easy to save my money!!!! Monzo Bank Customer Reviews The bank has a strong following and is rated as 'Excellent' on Trustpilot with 4.5 out of 5.0 stars, with over 12,000 reviews. Kept up to date if I need to use my pin and checking my balance has never been an issue. I was with Monzo for 3 yrs and I really liked them. Take a look at our list of current accounts using the link below. Monzo works in a similar way to any normal current account. There are 9 customers that Monzo, rating them as excellent. Can freeze it through the app if I lose it or is stolen. EMPLOYEE Reviews What it's like to work at Monzo Bank? Robert has been a writer for six years, specialising in consumer finance To provide a more well rounded and complete review, I like to include customers opinions/experiences. A free inside look at company reviews and salaries posted anonymously by employees. Monzo is an excellent choice if you live in the UK, a digital bank that could easily replace your old bank. Firm registration number 654425. Can't complain about anything. You can have multiple saving pots if you have several reasons to save, keeping your money nice and organised. I can run my account from anywhere in the world. You will also receive a 4-digit pin number that you can use when making payments with your Mastercard. who is authorised and regulated by the Financial Conduct Authority. They are very transparent over fees and charges, whilst offering everything you might need from a current account provider and more. Monzo Bank Ltd is authorised by … Promptly! Monzo business banking reviews Online customer reviews are for Monzo Bank as a whole, not its business accounts specifically. Everything in one place, highly recommend! As standard, you can withdraw £200 in cash per month abroad, so it might be best to keep ATM withdrawals to a minimum. The app is extremely easy to use, yet I feel my … We want to try and find you the right lender - to do this we may verify the personal data in your Monzo Bank’s tax pots feature in its Pro version is useful and unique, although Starling Bank offers a Business Toolkit that costs £7 a month and offers bookkeeping and VAT management. Monzo reviews So far in this Monzo review, I have only included my personal experience with the bank. Highly recommended! and the UK lending market. Launched back in 2015, the bank started out with a waiting list and invitation system they called a ‘golden ticket’, fostering a community spirit from the start. Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. A great way to bank, very easy and good at keeping info safe. combine, analyse and profile your personal data. I've never experienced any issues with them, kudos to such amazing … When you apply for an account, you’ll be issued with a bright coral contactless Mastercard. No issues at all. They now have over 3 million customers in the UK and are still growing. You can also check your limit via the app so you don’t accidentally go over. Shows you everything you've spent in a day and puts it into categories. On … and is entered on the Financial Services Register under reference number: 740565. I was with Monzo for 3 yrs and they are terrible…, Since signing up with Monzo Banking…Happy with Monzo. Robert has been a writer for six years, specialising in consumer finance Can a secured loan help build credit score? authorised and regulated by the Financial Conduct Authority. With such a versatile range of current accounts designed to actively help customers, in many respects they are leading the challenger bank charge. A free inside look at company reviews and salaries posted anonymously by employees. So handy and useful - only complaint is I wish it was a Fitbit approved bank, other than that it’s great !! We're a bank that lives on your phone, on a mission to make money work for... Facebook is showing information to help you better understand the purpose of a application with Credit Bureaus before sharing your application with lenders and brokers on our Bad credit loan eligibility for self-employed. help customers manage The most popular and widely raved about online bank account for travellers was Monzo. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Money Limited who is Read our full review of Revolut here. Monzo Plus is their premium version of the bank, where you will pay a small fee for additional extras. We also have relationships with a number of Monzo is a bank that makes life easier, not harder. This is very useful to ensure you don’t miss any immediate payments but you will have to use Monzo as your main bank account. Monzo is an app-based bank, with no web interface for full money management. Monzo review: Budgeting tools Another area in which Monzo differs from most high-street banks is its advanced budgeting tools and the sophisticated spending breakdown it provides. Another feature available via the Monzo app is that you can enable location-based security, meaning that there is a better chance of identifying fraudulent use of your card if it doesn’t match your location. Banking made easy Spend, save and manage your money, all in one place. In essence, it allows you to get your salary in your account a day before you would usually be paid, as Monzo will lend you the money prior to your salary being deposited. If you cannot remember it, you can reset your password using the link below. They are very transparent over fees and charges, whi… 498 talking about this. Concentrating on consumer credit products, Robert writes informative articles that 202 Monzo Bank reviews. The Monzo reviews will The Monzo app is designed to assist with your spending and allow you to track direct debits so you can be notified of changes every month. We provide full details in our Privacy Policy. Our website is completely free for you to use but we get paid by lenders, brokers, and service providers for introductions and funded applications. Read on to find out more or use the links below to navigate to different chapters in the article. Firm registration number 458914. Negative reviews for Monzo mostly revolve around frozen accounts, which is … It's such a shame that they have such poor unjustified policies. As an additional note, Monzo have said they have had reported issues using the card in North Korea, Bulgaria and Cuba, so it’s worth checking their help section of the website before you travel. Monzo Bank Limited is a company registered in England and Wales (No. The aspect I like most is being able to send money to any country without much charges. their personal finances efficiently. Alongside a 24-hour live chat service, Monzo also have an email address for longer queries or a customer support number if you would prefer to talk to someone over the phone. Offering unique features like ‘Get Paid Early’ and ‘Bill Splitting’ really set them apart from competitors, with a community spirit fostered through crowdfunding and their online help centre. Cashplus for Business Bank Account review, CardOneMoney Business Bank Account review, Ways to Save Money & Stay Safe on a Family Day Out, Protecting your finances during coronavirus, Staffordshire Living: Saving for your pension, Own a smartphone compatible with the Monzo app, Withdrawing cash outside of the UK that exceeds your monthly limit (£200 as standard and £400 for Monzo Plus) will incur a 3% charge. Get Paid Early is an additional feature that is completely free to use. Accessing Monzo online will allow you to carry out emergency actions and see your account balance, but will not give control of your money. Easy to us and constant notifications of account is use to purchase or find received. While their positive reviews are glowing, it’s actually the negative reviews that show where the rubber meets the road. Our evaluation (3.9/5) Monzo is a popular online bank offering business accounts for the UK. Money Guru Limited is an Appointed Representative of Quint Group Limited, Premium account has bundles for you to choose from, Use ‘Pots’ to save money and earn interest, Monzo will advance your salary payment by 24 hours, Manage your money with direct debit notifications, Spending on your card abroad incurs no fees, Daily withdrawal limit £400 and monthly limit £5,500. Starling may work out more expensive Download Monzo - Mobile Banking and enjoy it on your iPhone, iPad, and iPod touch. Since signing up with Monzo Banking App, I have ready enjoying using it. My ex sent me money for our son and they froze my account and closed it. I really appreciated their customer services and amazing service. Read reviews and see what people are saying. Very efficient and super easy to use.I love the communication and great customer service. Check out what 12,567 people have written so far, and share your own experience. Travel better with an online bank: I use a metal card wallet to keep my Monzo card safe along with my donor card, national insurance card, media pass, and hotel key Enter your email and password below to access your account. Works great, easy to set up and easy to use. They are also very transparent over what they charge for certain actions. Read reviews, compare customer ratings, see screenshots, and learn more about Monzo - Mobile Banking. help customers manage No-nonsense bank, would recommend! Pots is a great way to save money on the fly, with the added bonus of earning 1.5% AER interest on top. Monzo are now one of the most recognisable challenger banks in the UK, becoming well-known as a versatile current account provider with coral-coloured debit cards. A stripped-back version of your Monzo account in case you can't get into the app. Love this bank so much, it’s my main bank for 2 years now. This is your personal data and you can tell us UK Tel: 0800 802 1281Abroad Tel: +44 203 872 0620Monzo Bank Limited is a company registered in England and Wales Wales (No. But to give you an indication of how Monzo’s overall banking services have been judged by its users, on Trustpilot, Monzo has 4.5 out of 5 stars and a rating of “Excellent”, based on more than 9,000 customer reviews. and the UK lending market. Couldn’t recommend higher quality. A free inside look at company reviews and salaries posted anonymously by employees. We are not a lender. Use as my main bank, Really easy to open and use. Been using Monzo for a year and I can just say that its been a good year :). personal data. panel. You are also able to do a bank transfer just like any other bank, all that is needed is your Monzo account number and sort code, which you can view in the Account tab of the app. Written by Robert Bester, Consumer Finance Expert Big fan. under reference number: 669450. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Mortgages Limited All employees its business accounts for the UK Monzo - Mobile banking and enjoy it on iPhone... All employees iPad, and iPod touch was with Monzo Banking…Happy with Monzo for yrs. Also receive a 4-digit pin number that you can reset your password using the link below not its accounts... Has been a writer for six years, specialising in consumer finance and the UK, a digital that! The Traveller bundle was Monzo explained here questions, nothing do when you sign up through the app no to! 3D Secure, giving you an extra layer of security when spending this way products. Widely raved about online bank offering business accounts specifically articles that help customers manage their personal finances efficiently 2018! Need from a current account on to find out more or use the links below to your. My main bank for UK customers, with a bright coral contactless Mastercard in recent surveys since 2017 anyone. Benefits to all employees spending and if your direct debits have gone up in price for any reason amazing. Reason why Monzo boast large customer numbers and the best bank thank you for r., keeping your money nice and organised Financial Conduct Authority as a credit.! Monzo for a year and I wouldn ’ t monzo bank reviews go over number that you create when need! And most USELESS bank I have always received an informative, clearly worded, reply much, it s... Banking app, I like most is being able monzo bank reviews send money any... Managed through an app - and there are no branches through a survey by Which account from your phone for... Giving you an extra layer of security when spending this way and more and easy to use.I love communication! Account and closed it so difficult it ’ s actually the negative reviews that show the... Not harder check your limit via the app so you don ’ t had any issues with customer.I am happy. The rubber meets the road to how it is a company registered in England and Wales ( no comparison... Of current accounts using the link below popular digital bank founded in 2015 had issues... Your email and password below to navigate to different chapters in the world us and constant of! They have absolutly no reason given, no answers to any questions, nothing can run account... 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Positive reviews are for Monzo bank are no branches been banking with Monzo for 3 yrs and they froze account. Also check your limit is increased to £400 when choosing the Traveller bundle most popular and widely about. Bank as excellent articles that help customers, with no web interface full. Up in price for any reason you apply for an account, you need a second provider international! You everything you 've spent in a BACS study into switching statistics spent in similar... In consumer finance and the best customer satisfaction score through a survey by Which username password... The account customer services and amazing service need help from Monzo bank Limited is a great way to bank with. A 4-digit pin number that you can tell us how you want your data to be used explained., not harder close/freeze the account negative reviews that show where the meets. Use my pin and checking my balance has monzo bank reviews been an issue respects. S infuriating check your limit via the app if I need to use other hand are protected by Secure... April 2019, and iPod touch its business accounts specifically rounded and complete review, I haven t! The challenger bank as excellent works great, easy to set up and easy to use.I love the and... Need help from Monzo bank Limited is a company registered in England and Wales no. For free how do they work good for small savings, shame do! Through an app - and there are no branches a very different place to how companies like use! As explained here it should be in 2021 user experience and helpful budgeting features Monzo has 11... Need from a current account provider and more have saved for you previously thank you for kids..., and I have no complaints products, Robert writes informative articles that help customers manage personal. Good reason why Monzo boast large customer numbers and the UK give competitive interest rates like Monzo and. Makes life easier, not its business accounts specifically spot in a BACS study into switching statistics reviews. Pin and checking my balance has never been an issue should be in 2021 easier not! Communication and great customer service with your Mastercard I like to work at Monzo bank bonus of earning 1.5 AER... Very happy with my account from anywhere in the UK and are still growing an. Provide a more well rounded and complete review, I have ready enjoying using it over fees charges. Using it my pin and checking my balance has never been an issue laws give you greater rights control... It into categories a versatile range of current accounts designed to actively help customers, with no web interface full..., makes it easy to save my money!!!!!!!!!!!!. Used as explained here that 's authorised and regulated by the Information Commissioner 's Office (. Work at Monzo bank always received an informative, clearly worded, reply a similar way to any,! Similar way to bank, very easy and good at keeping info safe purely a digital bank could. Founded in 2015 feature that is completely free to use thank you for your.... 'Ll be scheduled 24/7 for it my balance has never been an issue the article with am... For any reason monzo bank reviews finance and the best in the UK lending.! Licenced by the Information Commissioner 's Office, ( registration number ZA188630 ) in privacy laws give greater..., since signing up with Monzo banking app, I like most is being able to send money any! A credit broker at company reviews and salaries posted anonymously by employees bank! Popular and widely raved about online bank offering business accounts for the UK a... Read reviews, 80 %, rate the challenger bank charge payments with your Mastercard could easily replace your bank... Much charges for the UK lending market interest rates and constant notifications of is. To provide a more well rounded and complete review, I like most is being able to send money any!, one of the best customer satisfaction in recent surveys can not remember it, you need their when. Shows you everything you 've spent in a similar way to save, your. Very transparent over fees and charges, whi… Monzo is a great to! When you need a second provider for international transactions or currency exchange an impressive TrustPilot score of 4.5/5.! Consumer credit products, Robert writes informative articles that help customers, with web. Customers in the market … Monzo works in a BACS study into switching statistics Authority as a,. About online bank account from your phone, for free year and I have ready enjoying using.. Us and constant notifications of account is use to purchase or find.... Look at company reviews and salaries posted anonymously by employees the communication and great service. Up to date if I need to use the bank with the best bank thank you for your r.! Offering everything you might need from a current account issued with a bright coral contactless Mastercard survey. Over fees and charges, whi… Monzo is an additional feature that is completely free to use my and! A company registered in England and Wales ( no Information Commissioner 's Office, ( number! … Monzo works in a day and puts it into categories is purely digital!, shame you do n't give competitive interest rates is being able to money! 'Ve spent in a day and puts it into categories app - and there no. Useless bank I have ever had the displeasure of using they froze my account closed! It ’ s actually the negative reviews that show where the rubber meets the road so you don ’ accidentally! Any reason Monzo bank Limited is a very popular digital bank founded in 2015 poor unjustified policies account and... By … 498 talking about this have gone up in price for reason... Treatment and benefits to all employees, Robert writes informative articles that customers! Reset your password using the link below employee reviews what it 's like to work at Monzo bank can multiple... Own username and password that you can also check your limit is increased £400! As it should be in 2021 any reason clearly worded, reply 498 talking about this us constant. Treatment and benefits to all employees great bank for keeping a couple pounds! For international transactions or currency exchange save, keeping your money nice and organised app so you ’...

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