Monzo

A bank that lives on your smartphone and built for the way you live today, targeted to UK residents (the US coming soon).

MonzoName: Monzo
URL: UK: https://monzo.com/ & US: https://monzo.com/usa/
Tool Category: Finance
Tool Language: English
Price: Freemium 

Tool Description:

A bank that lives on your smartphone and built for the way you live today targeted to UK residents:

  • Payments and cash withdrawals in the UK and payments abroad are all free, with no added fees.
  • You can withdraw up to £200/month for free, after which you’ll be charged a 3% fee.
  • It does not add any fees or charges for spending with your card, and Monzo doesn’t mark up the exchange rate.

RATING

Your Review of The Tool:
A UK mobile banking service that allows you to manage and control your money in real-time through its app; however, is only available to UK residents.

Rate the Tool:
4

What are the tool “pros” & benefits?:

  • Free payments and cash withdrawals in the UK.
  • Free payments abroad.

What are the tool “cons” & issues?: 

  • You need to be a resident in the UK to get a Monzo card.

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