Monzo
Monzo is an app-based challenger bank headquartered in London. By the third quarter of 2022, the bank boasted more than six million customers. Monzo doesn’t invest in fossil-fuel-based energy companies, but it does offer savings accounts via third-party banks that do invest in fossil fuels. For this reason, we recommend entrusting your savings to one of our other picks, such as Triodos.
Have you opened an account with Monzo since visiting Bank.Green?
Key Facts
Type: Bank
Mobile Banking: Yes
Environmental Policy: No
Founded:
Serving:
Local Branches: No
Products
Current Accounts: No
Savings Accounts: No
Credit Cards: No
Mortgages or Loans: Yes
Business Lending: No
ISAs: No
Fees
Overdraft Fee: Yes
Account Maintenance Fee: Yes
Free ATM Network: Yes
From the website of Monzo
“Monzo only invests customer deposits safely and ethically. Today, the majority of our deposits are held at central banks. Our investments are only in safe, high quality government bonds and quasi-government bonds (such as development banks). We do not invest in fossil-fuel-based energy companies, arms companies or tobacco companies.”
Have you opened an account with Monzo since visiting Bank.Green?