Monzo (Free Current Account)

4.6 9.2/10 DebitCue Score Verified Jun 20, 2026

A free UK current account in your pocket

Fee: No fee
Foreign fee: None
Rewards: Cash back

Rewards

Retailer cashback offers available via Monzo app on eligible purchases (rates and partners vary; typically 2–10% at selected brands such as Asda, Boots and Currys). Cashback is credited to a Cashback Pot within 3–4 days.

Our verdict

What stands out, and where it falls short.

What we like

Retailer cashback offers available via Monzo app on eligible…
No card fee
No foreign transaction fees

Who It Is For

Whether the Monzo (Free Current Account) fits how you actually spend.

Pick it if you are

Anyone who wants a low-cost everyday card
Frequent travelers
People who want rewards on their spending

Rates and fees

As of June 20, 2026

All amounts shown in GBP.

Card fee: No fee
Foreign transaction fee: None
Monthly fee: £0
Overseas ATM withdrawal allowance: £200/month fee-free, then 3%
Arranged overdraft EAR: 19%, 29% or 39% (variable, by credit score)

Rewards and features

Rewards: Retailer cashback offers available via Monzo app on eligible purchases (rates and partners vary; typically 2–10% at selected brands such as Asda, Boots and Currys). Cashback is credited to a Cashback Pot within 3–4 days.
Pay with: Apple Pay, Google Pay, Contactless
FSCS protection: Up to £85,000

Benefits and perks

Extras that come bundled with the card.

No foreign transaction fee on card purchases
Chargeback rights on eligible card purchases

Eligibility

What you need before you apply.

Minimum age: 16+

Monzo (Free Current Account): your questions answered

Does the Monzo (Free Current Account) have a card fee?

No - the Monzo (Free Current Account) has no card fee.

What rewards does the Monzo (Free Current Account) earn?

The Monzo (Free Current Account) earns Retailer cashback offers available via Monzo app on eligible purchases (rates and partners vary; typically 2–10% at selected brands such as Asda, Boots and Currys). Cashback is credited to a Cashback Pot within 3–4 days..

Does the Monzo (Free Current Account) charge foreign transaction fees?

No - the Monzo (Free Current Account) has no foreign transaction fees, so it suits spending abroad.

Is the Monzo (Free Current Account) a credit, debit or prepaid card?

The Monzo (Free Current Account) is a debit card issued by Monzo on the Mastercard network.

Does the Monzo (Free Current Account) support Apple Pay and Google Pay?

Yes - the Monzo (Free Current Account) works with both Apple Pay and Google Pay.

Where can I get the Monzo (Free Current Account)?

The Monzo (Free Current Account) is currently offered in United Kingdom.

How does DebitCue rate the Monzo (Free Current Account)?

DebitCue rates the Monzo (Free Current Account) 4.6 out of 5 (9.2/10), scored on the same factors as every card - fees, rewards, perks and ease of use.

How do I apply for the Monzo (Free Current Account)?

Use the Apply now button to continue on Monzo's secure site. Comparing and applying through DebitCue is free.