Compare Monzo current accounts

Monzo is part of the Current Account Switch Service, so you can move your banking across directly from the app. After you apply and pick a switch date, your direct debits, standing orders and payments are transferred automatically within seven working days.

Monzo sometimes offers a switching incentive for new customers who move their main account, so it is worth checking the app for the latest offer before you start.

Monzo is a fully licensed UK bank, so eligible deposits are protected by the Financial Services Compensation Scheme up to £85,000 per person, just like a traditional bank account.

Monzo also offers handy security tools through the app, including instant spending notifications, card freezing and budgeting features that help you stay on top of your money.