Monzo Review UK 2026 — Is It Still the Best Digital Bank?

Monzo has been one of the UK’s most popular digital banks for years. But is it still worth switching to in 2026?

What Is Monzo?

Monzo is a fully licensed UK bank — not just an app. You get a current account, UK sort code and account number, a debit card, and an app that’s genuinely better than most high street banks.

Key Features (Free Account)

• Instant spend notifications — know the second you spend money
• Savings Pots — separate pots for different goals, earning interest
• Salary Sorter — automatically split pay between bills, savings, spending
• Bill splitting — split costs with friends in the app
• Round-ups — round purchases up and save the difference
• No overseas fees — use your card abroad without charges

Is Monzo Safe?

Yes — Monzo is a fully licensed bank. FCA regulated, FSCS protected up to £85,000 — same as Barclays or HSBC.

Verdict

Still one of the best free bank accounts in the UK. The app is excellent, savings pots are useful, and there are no fees. Well worth opening alongside your main bank.