Monzo Bank Ltd

 (4.0; 237 ratings)
4.0 237
Business Focus
direct retail banking

Founded in 2015, Monzo Bank is a new innovative bank focused on providing retail banking products via its smartphone application. Monzo offers current accounts, business current accounts, joint accounts, payment cards, savings accounts, overdrafts, consumer loans.

Services

retail banking

Clients

natural persons
business entities

Area Served

GBUnited Kingdom

Products

current accounts
business current accounts
joint accounts
payment cards
savings accounts
overdrafts
consumer loans

Account Opening

Becoming a client of Monzo Bank Ltd can be done in a few steps:

1.
Completely online
2.
Account is ready within a few minutes

Account opening procedure is usually completed within a few minutes.

Ways to Bank

Monzo Bank Ltd delivers its products and services via direct (online) channels only, namely:
mobile app

Financials

Total Assets of Monzo Bank Ltd
Annual_profit of Monzo Bank Ltd
Market Share of Monzo Bank Ltd
Total Assets (2018)
139.82 mln GBP  (+617.84%)
Annual Profit (2018)
-30,546,000.00 GBP  (+356.66%)

Monzo Bank Ltd is the 177th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 139,82 mln GBP, providing the bank with the market share of 0.00%. In 2018 the bank's annual profit was -30,55 mln GBP.

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)
Covered Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Monzo Bank Ltd participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Monzo Bank Ltd is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

12 Epworth Street, London, United Kingdom
+44 08008021456

Monzo Bank Ltd is headquartered in London.

Social Networks

Monzo Bank Ltd has profiles at the following social networks:

Bank Identifiers

LEI
213800PLUYXGZ8LU7T61
Company Number
09446231
MFI ID
GB3111

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
730427

Monzo Bank Ltd is authorized and supervised by the Financial Conduct Authority (reference number 730427).

Bank History

Start Date
February 2015

Similar Banks

Methodist Chapel Aid Ltd Logo Methodist Chapel Aid Ltd
retail banking for Christian community
Metro Bank Plc Logo Metro Bank Plc
retail banking
Northern Bank Ltd Logo Northern Bank Ltd
regional universal banking

Banking Products in the United Kingdom

See Also

Related Articles