Does Monzo have insurance?

We've teamed up with Assurant to offer phone insurance exclusive to Monzo Premium. If your device is eligible to be covered, your insurance will start as soon as your Premium subscription starts.

MONZO IS IN SERIOUS TROUBLE – This Is Bad!

Is Monzo insured UK?

Yes! Because we're a regulated bank, Monzo accounts are covered by the FSCS. That means up to £85,000 of the money in your account is protected. You can find out more about FSCS protection, and look us up using the FSCS' bank and savings protection checker.

How do I contact Monzo?

App: If you're a Monzo customer, you can chat to us in the app. Phone: We're happy to talk on the phone and can raise a complaint for you there. Call us on 0800 802 1281 (or +44 203 872 0620 from abroad). Email: Email us at complaints@monzo.com.

Can I upgrade my Monzo account?

Anyone who has a Monzo or Monzo Plus account can upgrade to Monzo Premium in minutes, if you're eligible. Take a look at the terms and conditions for full details.

Is Monzo insured UK?

Yes! Because we're a regulated bank, Monzo accounts are covered by the FSCS. That means up to £85,000 of the money in your account is protected. You can find out more about FSCS protection, and look us up using the FSCS' bank and savings protection checker.

Does Monzo protect purchases?

Monzo doesn't offer any guarantees, insurances, or other forms of protection on payments you make through Monzo payment links, however the bank you made the payment from may be able to help if something goes wrong. If you pay by easy bank transfer, your payment is treated like any standard faster payment transfer.

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Does travel insurance include Monzo?

We've teamed up with AXA to offer worldwide travel insurance exclusive to Monzo Premium. Your policy covers you and your family for flight delays, medical treatment, lost baggage and winter sports for trips under 45 days.

What are the downsides to Monzo?

  • Monzo's saving rates aren't very high. …
  • Monzo uses Mastercard's exchange rates. …
  • Monzo charges a £1 fee every time you deposit cash into your Monzo account.
  • There's a monthly limit on how much you can withdraw for free when abroad. …
  • Monzo doesn't have a desktop app.
  • Monzo doesn't offer a credit card.
Feb 14, 2022

Are Monzo accounts insured?

Yes! Because we're a regulated bank, Monzo accounts are covered by the FSCS. That means up to £85,000 of the money in your account is protected. You can find out more about FSCS protection, and look us up using the FSCS' bank and savings protection checker.

Can I trust Monzo?

As a fully regulated UK bank, your money's protected up to £85,000 by the Financial Services Compensation Scheme (or FSCS for short). We follow all the same rules as high street banks, so you can rest assured your money's safe.

How do I protect my Monzo account?

Delete all content and settings from old phones you're selling so you don't leave your Monzo account open to whoever buys it. Turn on automatic app and software updates on your phone, and delete old apps you don't use.

What is Monzo email address?

Chat to us in-app any time, or call or email us (help@monzo.com) if you prefer.

Does Monzo need UK phone number?

To open a Monzo account you need to be at least 16 years old and live in the UK full time, with the right to reside here. You'll also need your mobile phone and a valid ID.

Why is Monzo frozen?

In 2019, a BBC Watchdog Live investigation revealed that Monzo had been freezing or closing bank accounts and leaving some people in financial difficulty for weeks. At the time, Monzo said it was freezing accounts is because it believed there was suspicious activity occurring.

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How do I change my Monzo account?

  1. Head to the Account tab in your app.
  2. On iOS, tap on your name. On Android, tap the Settings icon.
  3. Tap to “Switch to Monzo” and we'll guide you through your switch!

Can I close my Monzo account and make a new one?

If you previously closed your Monzo account and want to reopen it, you may be able to do so after 30 days by emailing help@monzo.com. Your account must have been closed for 30 days before we can reopen it, and we need to be able to prove your identity before proceeding.

Can you have 2 Monzo cards?

For security reasons, we only let you have one active card per person per account at a time. So if your card works, you won't be able to get a second one. If you've lost or damaged your card, please freeze it in the app by tapping the Home icon in the menu bar, then tapping the Freeze icon under your card.

You Make Monzo, Monzo

Is there a maximum payment on Monzo?

You can now make contactless payments up to £100, to make paying more convenient. Starting today, we've increased the limit for contactless card payments from £45 to £100. So you'll be able to make single payments of up to £100 using your contactless Monzo card.

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