Personal Finance · pricing
Monzo pricing
Monzo publishes 3 tiers. Below is each one, what it adds over the tier beneath it, and where the ladder stops being worth climbing for most people.
As of 1 September 2026, Monzo pricing is free across 3 published tiers. Figures are the vendor's list prices as recorded on this page's last check; the vendor's site is the final word.
- Entry price
- Free
- Model
- Free core current account; paid Plus and Premium tiers add features
- Tiers
- 3
- Free tier
- Yes
Monzo plans, side by side
Every published tier in ascending order of price, with the number of features each one lists. An absence here means the record does not itemise it, not that the tier lacks it.
| Plan | Price | Features listed | Step up from the tier below |
|---|---|---|---|
| Monzo (free) | Free | 3 | Entry tier |
| Monzo Plus | £5/month | 3 | +$5/month, 3 more features |
| Monzo Premium | £15/month | 3 | +$10/month, 3 more features |
What each tier adds
The set difference between each tier's feature list and the one beneath it. Where a tier lists nothing new, the vendor has either stopped repeating the inherited list or the tier raises limits rather than adding capability, the record does not distinguish the two, so this page does not either.
Monzo (free)
FreeThe entry tier. It covers free current account with fscs-protected deposits, fee-free foreign currency card spending, free atm withdrawals abroad up to a monthly limit.
Monzo Plus
£5/monthOver Monzo (free), this tier adds:
- Higher fee-free overseas ATM withdrawal limit
- Custom card colours and virtual cards
- Savings and budgeting extras
Monzo Premium
£15/monthOver Monzo Plus, this tier adds:
- Travel and phone insurance included
- Metal card
- Airport lounge access on some plans
Where Monzo stops being free
Monzo (free), Free
- Free current account with FSCS-protected deposits
- Fee-free foreign currency card spending
- Free ATM withdrawals abroad up to a monthly limit
Monzo Plus, £5/month
The first thing you pay for:
- Higher fee-free overseas ATM withdrawal limit
- Custom card colours and virtual cards
- Savings and budgeting extras
What the product covers
The full Monzo feature record, grouped as the catalogue groups it. This is the product as a whole; the record does not map every feature onto a specific tier.
Other
- FSCS-protected deposits
- Fee-free foreign spending
- Savings Pots
- Joint and shared accounts
- Instant spending notifications
- Overdrafts and loans
People bring Monzo in for a uk resident wanting a free current account with statutory fscs deposit protection rather than e-money safeguarding, a frequent traveller wanting free foreign currency card spending on a uk-regulated account, a household wanting a joint account with shared budgeting and spending visibility, someone building savings using automated pots with partner-bank interest rather than a separate savings account. If that is not the job you are buying for, the alternatives to Monzo are worth a look before you commit to a tier.
How that compares in Personal Finance
Too few personal finance tools in this directory publish a starting price to quote a meaningful median, so the table below is a like-for-like list rather than a ranking.
| Tool | Entry price | Model | Rated | Head to head |
|---|---|---|---|---|
| Monzo (this page) | Free | Free core current account; paid Plus and Premium tiers add features | - | |
| Revolut | Free | Free standard tier; paid plans add higher limits, insurance and perks | - | vs Monzo |
| Strands | On request | quote | - | vs Monzo |
| Affirm | Free | Free for short Pay in 4 plans; longer plans carry a disclosed APR up to roughly 36 percent, merchant pays a transaction fee | - | vs Monzo |
| Firefly III | Free | Open source, no licence fee | - | vs Monzo |
| Lunch Money | $60/year | Pay what you want, annual, above a published minimum | - | vs Monzo |
| Starling Bank | Free | Free personal current account; business accounts have free and paid tiers | - | vs Monzo |
Ratings are aggregated from third-party sources and imported with each catalogue entry, they are not reviews hosted on Softwr. How each figure is used is set out on the Monzo badges page.
Before you pay for Monzo
Three things this page cannot tell you, and all three change the bill. The record carries a price and a billing period but not the unit - per-seat and flat-rate pricing are indistinguishable in this data, so a five-person team may be looking at five times the figure above. It carries no annual rate, so any discount for paying yearly is not something this page can quote. And it carries no trial length.
What it can tell you is the shape of the ladder: 3 tiers between Free and £15/month, with the jump itemised above. Because there is a free tier, the cheapest way to answer the rest is to use it before paying anything.
Monzo runs on ios, android, web, and is published by Monzo Bank Limited of London, United Kingdom. The full record is on the Monzo review, and the rest of the category is under best personal finance tools.
Monzo pricing questions
- How much does Monzo cost?
- Monzo publishes 3 tiers, from Free for Monzo (free) up to £15/month for Monzo Premium. The entry tier costs nothing.
- Does Monzo have a free plan?
- Yes. The Monzo (free) tier costs nothing and covers free current account with fscs-protected deposits, fee-free foreign currency card spending, free atm withdrawals abroad up to a monthly limit. Paying starts at £5/month for Monzo Plus.
- What is the difference between Monzo (free) and Monzo Plus on Monzo?
- Monzo Plus costs £5/month against Free, and adds higher fee-free overseas atm withdrawal limit, custom card colours and virtual cards, savings and budgeting extras.
- Is the Monzo Premium plan on Monzo worth it?
- That depends entirely on whether you need what it adds, which on the published record is travel and phone insurance included, metal card, airport lounge access on some plans. It costs £15/month against £5/month for Monzo Plus. Softwr has not used either tier, so this page can tell you what changes, not whether it is worth the difference to you.
- Which personal finance tools can I use without paying?
- 6 of the 8 personal finance tools listed alongside Monzo have a free tier: Revolut, Affirm, Firefly III, Starling Bank, IRS2Go.
- What am I actually paying for with Monzo?
- The record lists 6 features across 1 area: other. In practice it is brought in for a uk resident wanting a free current account with statutory fscs deposit protection rather than e-money safeguarding, a frequent traveller wanting free foreign currency card spending on a uk-regulated account, a household wanting a joint account with shared budgeting and spending visibility.
- Does Monzo charge per user?
- The record carries a price and a billing period for each of its 3 tiers, but not the unit that price is charged in. Per-seat and flat-rate billing look identical in this data, so check the vendor's page before budgeting for a team.
- Are these Monzo prices current?
- They are what the catalogue entry holds, refreshed when the entry is. Vendors change pricing without notice and nobody at Softwr re-verifies each tier by hand, so treat this as a structured summary and the vendor's own pricing page as the authority.
- What should I compare Monzo against before paying?
- The closest personal finance tools in this directory are Revolut, Strands, Affirm, Firefly III. Each has a side-by-side comparison with Monzo covering price, platforms and features.