These are the fees for using your Monzo Current Account. It will help you to compare these fees with those of other accounts.
Fees may also apply for using other Monzo services that aren’t listed here.
General account services
Maintaining the account: £0
Refusing a payment when you don’t have enough money: £0
Allowing a payment when you don’t have enough money: £0
Payments (excluding cards)
Direct Debit: £0
Standing order: £0
Sending money within the UK: £0
Receiving money in pounds (GBP): £0
Receiving euros (EUR): 1% currency conversion fee (capped at £1,000) for payments we receive in euros and convert to pounds.
We convert any payments you get in EUR to GBP before the money appears in your account.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
Most (but not all) of these payments will come from bank accounts within Europe and through the SEPA Credit Transfer scheme.
Receiving a payment in a foreign currency that isn’t GBP or EUR: 1% currency conversion fee (capped at £1,000) for payments you receive and we convert to pounds.
We convert any payments you get in these currencies to GBP before the money appears in your account.
The payer will need your IBAN (International Bank Account Number), which you can find in your app.
You may have to pay other costs, taxes or charges related to your Monzo account, which are outside of our control and not charged by us. For example, other banks may charge you for sending money to your Monzo account.
International bank transfers until 31 October 2026
Sending a payment in a foreign currency
Our fee is made up of a fixed amount and a variable amount and it will depend on where you’re sending the payment and in what currency. The fixed amount will be no more than £9 and the variable amount will be between 0% and 1.80%. Read the latest breakdown of how the charges are calculated.
We use a third-party exchange rate which is usually the mid-market rate. You’ll always see the exchange rate and the exact charge which will apply in your app before making an international payment.
If there’s a currency we can’t support, you can get more information at the Wise website.
International bank transfers from 1 November 2026
If you send a payment that involves a currency conversion, the fixed fee that applies will change depending on where you’re sending the payment and in what currency. For most currencies, the fee is less than £0.80, but it may be up to £11 in some cases. There are also additional fees or taxes that can apply for certain currencies. Read the latest fee breakdown.
Cards and cash
Issuing a debit card: £0
Debit card payment in pounds: £0
Debit card payment in foreign currency: £0
If you meet our replacement card and ATM fee criteria listed at the end of this document:
Cash withdrawals in pounds in the UK: £0
Cash withdrawals in the European Economic Area (EEA): £0
Cash withdrawals outside of the EEA: £0 up to £200 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
If you don't meet our replacement card and ATM fee criteria listed at the end of this document:
Cash withdrawal in the UK or European Economic Area (EEA): £0 up to £400 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
Cash withdrawal outside of the European Economic Area (EEA): £0 up to £200 in a rolling 30-day period, then 3% of the total amount withdrawn after that.
Overdrafts and related services
Arranged overdraft: Your interest rate and any annual fees are set out in your overdraft agreement
Unarranged overdraft: £0
Other services
Cancelling a cheque: Not applicable
Package of services
Not applicable
Services beyond these quantities will be charged separately.
Information on additional services
Information on fees for services exceeding the quantity of services covered by the package of services (excluding fees listed above)
Charge for a replacement debit card in the UK: We don’t charge a fee for replacing cards which have been stolen, frauded or which have expired.
If you meet our replacement card and ATM fee criteria listed at the end of this document:
You’ll get 2 free replacement Monzo cards per account per year for any reason. After that, we’ll charge you £5 to replace cards which haven’t been stolen, frauded or expired.
If you don’t meet our replacement card and ATM fee criteria listed at the end of this document:
We’ll charge you £5 to replace cards which haven’t been stolen, frauded or expired.
Charge for a replacement debit card outside the UK: £30 in all circumstances
Cash deposit: £1 per deposit to pay in cash at any PayPoint or Post Office
Our replacement card and ATM fee criteria
We consider you to be meeting the criteria for bigger cash and card allowances (Fee Criteria) if you meet at least one of the criteria below.
At least £500 was paid into a Monzo account in your name over the last rolling 35-day period, and you have at least one active Direct Debit on the same account in the same period. Payments from other Monzo personal and joint accounts don't count towards the £500, but payments from Monzo business accounts do.
You’ve received an eligible Department of Work and Pensions or a Department for Communities’ payment into a Monzo account in your name over the last rolling 35-day period.
You’ve received a student loan payment into a Monzo account in your name over the last rolling 8-month period.
You’re sharing a Monzo Joint Account with someone who has done at least one of the above.
What’s an eligible Department of Work and Pensions (DWP) or Department of Communities' (DFC) Payment?
We'll match payments that you receive from accounts that we know are used by DWP and DFC. If you receive a DWP or DFC payment which you think we haven’t matched, contact us to apply for higher limits. Find out more about how to apply for higher limits. This article covers which accounts we’ll automatically match.
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