Monzo
How Bank.Green rates institutions
Last Rated in Feb 2025
Our take on Monzo
Monzo is a digital bank headquartered in London. In August 2024, they announced surpassing 10 million personal customers in the UK. Monzo doesn’t invest or provide loans to the fossil fuel industry, but instead keeps customer deposits with the Bank of England. They offer various savings options with different providers, which should be screened separately for their environmental credentials.
Have you opened an account with Monzo since visiting Bank.Green?
Overview
Founded in 2015
Has deposit protection and environmental policy
Policies
Deposit protection
Environmental protection
Customers served
Corporate
Retail and Individual
Small and Medium Enterprises (SMEs)
Services
Mobile banking
ATM network
Fees
No account maintenance fee
No overdraft fee
Personal
Accounts
CheckingSavingsISAsInterest rates
-
2.25% - 4.25%
-
Fees
No maintenance or overdraft fees
-
-
Loans
Credit cards
Mortgages or loans
Interest rates
Rates may varyFees
Fees may varyNonprofit
This bank does not offer any Nonprofit accounts or loans.
Government
This bank does not offer any Government accounts or loans.
SMEs
Accounts
CheckingInterest rates
-
Fees
-
Loans
Corporate lending
Small business lending
Mortgages or loans
Interest rates
Rates may varyFees
Fees may varyCorporate
Accounts
CheckingInterest rates
-
Fees
-
This bank does not offer any Corporate loans.
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