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Ranked #27Online Banks

Monzo

Digital, mobile-only bank based in the United Kingdom.

3.9 / 5 Trust 81/100 UKFounded 2015

Our review

Monzo has earned a top spot in the online banks category thanks to its combination of competitive pricing, strong regulatory standing, and consistently positive customer feedback. Below is our independent breakdown of where it excels — and where you should pay attention before opening an account.

Pros

  • Independently verified
  • Transparent fee structure
  • Strong customer support
  • Trusted by millions

Cons

  • Limited availability in some regions
  • Premium features require paid plan

Key features

What customers say

"Honestly the best experience I've had with Monzo. Transfers arrive in minutes."

Sara T.

"Customer support is responsive and the fees are exactly as advertised."

James R.