Name: Monzo
URL: https://monzo.com/
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 at the moment:
- 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.
- Doesn’t 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 resident in the UK to get a Monzo card.
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