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Monzo Current Account

About Monzo Checking Accounts

The Monzo Current Account from Monzo is one of the top-rated Checking Accounts options evaluated on MoneyCompared, earning an overall product score of 9.5/10. Britain's most popular digital current account featuring Salary Sorter, Get Paid Early at 4pm the day before, and Custom Savings Pots.

Key highlights include Up to 4.10% AER in Instant Access Savings Pot, a fee structure of £0 Monthly Fee (Standard Tier), and Get Paid Early 1 Business Day Ahead at 4pm. Accounts are backed by FSCS Protected up to £85,000 and supported by Monzo's 4.9 / 5.0-rated digital banking experience.

Features

Annual Fee	£0 Monthly Fee (Standard Tier)
Regular APR / Rate	Up to 4.10% AER in Instant Access Savings Pot
Intro Offer / Welcome Bonus	Get Paid Early 1 Business Day Ahead at 4pm
Savings APY / AER	Salary Sorter + Bill Splitting + Fee-Free Overseas Card Purchases
Minimum Deposit	£0 Minimum Deposit
Foreign Transaction Fee	0% Card Purchase FX Fee
Deposit Insurance	FSCS Protected up to £85,000
Mobile App Rating	4.9 / 5.0
Overall Rating	9.5 / 10

About Product

Annual / Monthly Fee: £0 Monthly Fee (Standard Tier)
APR / APY Rate: Up to 4.10% AER in Instant Access Savings Pot
Intro Offer / Bonus: Get Paid Early 1 Business Day Ahead at 4pm
Key Benefits: Salary Sorter + Bill Splitting + Fee-Free Overseas Card Purchases
Minimum Requirement: £0 Minimum Deposit
Foreign Transaction Fee: 0% Card Purchase FX Fee
Protection: FSCS Protected up to £85,000

Pros

Rate / APR / APY: Up to 4.10% AER in Instant Access Savings Pot
Fee Structure: £0 Monthly Fee (Standard Tier)
Welcome Offer / Benefit: Get Paid Early 1 Business Day Ahead at 4pm
Rewards & Highlights: Salary Sorter + Bill Splitting + Fee-Free Overseas Card Purchases

Cons