App-based banking service Monzo have gone live with a new premium account called Monzo Plus.
Previously launched as a small-scale trial in February, the account provides access to a small but growing suite of premium upgrades.
Initially users get access to:
- A Monzo Plus card (in Hot Coral or one of the new colours, Midnight Sky or Lagoon Blue)
- A custom Monzo.me link
- Access to Monzo Plus events and swag
The account provides access to optional additional services, currently travel insurance at £4 per month, and upgraded travel ATM allowance/emergency cash if you lose your card at £3 per month.
Initially the cost of Monzo Plus will be £3 per month, rising to £6 per month later this year.
You can read more about Monzo in our Monzo review, or compare other app-based banking services.
| Service | Good For | Savings Interest | FCFS Protected | More |
| Starling | Budgeting, Saving | 0.25% – 0.5% | ✅ | More |
| Monzo | Budgeting, Safety | None | ✅ | More |
| N26 | 🌏 | None | No | More |
| Revolut | 🌏 💱 | None | No | More |
| Atom Bank | Saving, Mortgages | 2.7% | ✅ | More |
| Tandem | Saving | 2% – 2.4% | ✅ | More |
| Plum | Investing, Facebook | None | No | More |
| Monese | 🌏 | None | No | More |
| Loot | Daily budgeting | None | No | More |
| Chip | Saving | 0% – 5% | No | More |
