Recent events
Recent events tied to this brand in public sources.
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2026
Monzo activates Stand-in backup platform after app and payment outage
Monzo activated its independent backup banking platform, Monzo Stand-in, on August 19, 2026, after technical problems disrupted its main app, bank transfers and payment processing for many users. The backup runs on Google Cloud Platform separately from the primary AWS-based system and supports core functions such as card payments, ATM withdrawals, transfers and balance checks. Monzo later confirmed services were fully restored and apologized for the inconvenience.
2022
CMA says Monzo breached overdraft fee disclosure rules
The Competition and Markets Authority said Monzo breached competition rules by failing to specify the maximum monthly charge for customers exceeding agreed overdrafts in the correct document. The breach occurred between October 2018 and November 2021; the CMA stopped short of further formal enforcement after Monzo updated its charges document in November.
2020
Monzo announces new cash withdrawal and replacement-card fees
Monzo announced that it would introduce a 3% fee for cash withdrawals exceeding £250 in 30 days in the UK and EEA, and a £5 fee for replacement cards in the UK, with stated exceptions. The fees were scheduled to start October 31.
2020
Monzo launches the new Monzo Plus
Monzo began gradually rolling out a new version of Monzo Plus, a paid account offering with additional software features, for £5 per month.
2020
Monzo launches Monzo Plus
Monzo announced the launch of Monzo Plus, a paid account with features including spending categories, virtual cards, interest on balances and fee-free cash withdrawals abroad.
2020
Monzo launches business bank accounts
Monzo launched business bank accounts in the U.K., offering a free Business Lite account and a paid Business Pro account priced at £5 per month.