Monzo Monzo Plus
A plan byMonzo
Banca UK FCA; 10M+ users; Faster Payments a exchange OK. UK-focus; crypto not self-custody; limit GBP 5K/30gg for exchange. UK-focus; crypto not self-custody; FX limit monthly
Monzo Plus
- Price
- €6
What's included
- 1.5% AER fino £2K
- Travel insurance basic
- Custom categories
Data & conditions
| Account fee | — |
|---|---|
| IBAN | dedicato · GB |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | Yes |
| SEPA direct debit (SDD) | Yes |
| ATM withdrawal | Free |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | UK · 1+ countries |
| Regulator | PRA, FCA |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Full Banking License |
Strengths
- Banca UK FCA; 10M+ users; Faster Payments a exchange OK.
Weaknesses
- UK-focus; crypto not self-custody; limit GBP 5K/30gg for exchange.
Verdict
Banca UK FCA; 10M+ users; Faster Payments a exchange OK. UK-focus; crypto not self-custody; limit GBP 5K/30gg for exchange. UK-focus; crypto not self-custody; FX limit monthly
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
FAQ
Is Monzo a real bank?
Monzo operates under a Full Banking License licence (GB). It is regulated by PRA, FCA. Fund protection: FSCS £85k.
Can I send transfers to third-party IBANs with Monzo?
Yes, Monzo allows outgoing transfers to third-party IBANs, like a traditional bank account.
Does Monzo support direct debits and utility billing?
SEPA direct debit (SDD): supported. Utility-bill domiciliation: supported.
Which fiat currencies does Monzo support?
Monzo supports 1 fiat currencies. Multi-currency accounts: not supported.
Can I withdraw crypto on-chain from Monzo?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Data verified on Jun 1, 2026
- Verified source Data verified on Jun 13, 2026
Update history
- Entry rebuilt from the v2 canonical dataset (manually verified record).