The bank of the future

Instant notifications. Built-in budgeting. Free payments abroad.

This isn’t banking as you know it. Monzo is a bank for everyone, built together with our community.

Join the revolution today.

Would you recommend this product?
5 Reviews5.0/5
Have been using Mondo for about 2 months now as an Alpha user. As it is essentially "just" a prepaid MasterCard with an (excellent) app on the top, its a fantastic tool for managing day to day spending. I have a weekly budget for everyday expenses, like food and groceries, going out, etc. Every Sunday night, I put my budget for that week onto my Mondo card and it is then super easy to keep track of it and stay on top of my spending. The app is constantly evolving and the APIs are quite mature - I've built an Apple Watch app which gives me my balance, weekly and monthly spend as a complication. Only took an hour from never seeing the API before to getting it done. Hoping for direct debit support so I can pay my bills direct from Mondo to keep on top of them. I've also ordered a Curve card so I'm intrigued to see whether an entirely seperate account versus a smarter app on top of my existing accounts is the better way to go.
Finally a bank that innovates. This industry has been stagnant for way too long. So glad to see Mondo taking the lead here. A friend of mine has been testing this out and absolutely loves it, both for the convenience and the change in his habits as a result. Plus I'm a sucker for a sweet UI and that's beautiful 👌 With so many great apps (Anchor, Mondo etc) coming out iPhone first, I'm starting to think I may have to get involved. Plus obligatory cat banking gif:
@fredrivett the cat gif is awesome! haha
@fredrivett they aren't a bank - I don't mean to make a semantic argument but in this case it's a pretty important one. They aren't a bank, they are trying to be a bank. There's no reason not to sign up if you think the product looks cool, but they have a long road ahead (and behind them). It's a monumental undertaking. Props to them for trying.
@tommyrva Ah, good point. I've not spent much time looking into this, but the premise from what I've seen looks great. Good distinction though 👍
@tommyrva @fredrivett we expect to get our UK banking licence in the next few months. Customer funds are currently held with Wirecard, a German bank.
My goal for this year is to bite the bullet and track my spending.... I'm just too scared at the moment!!! Maybe after the summer 😏
How is this different than ? How is this better?
Mondo recently crowdfunded part of there latest investment stage - £1 million was pledged to them in 96 seconds. This bank is clearly going somewhere, I can't wait to get my card and start playing around with the API it uses!