Is Monzo a Debit Card? Answered

Many people wonder whether a Monzo card is a debit card. The answer is yes – a Monzo card is a debit card. The Monzo card is also a Mastercard and is accepted anywhere Mastercards are accepted. This means you can use your Monzo card to withdraw money from an ATM or make purchases in stores and online. Like you would use any other debit card.

Monzo Current Accounts

One of the great things about using a Monzo debit card is that you can see your spending habits in real-time on the Monzo app. This makes it easy to stay on top of your budget and to make sure that you’re not overspending. You can also set up notifications to alert you when you’re nearing your spending limit.

If you’re interested in getting a Monzo card, you can sign up for one on the Monzo website.

What type of card is a Monzo?

The Monzo card is a Mastercard debit card. Its not a credit card. This means that you can use your Monzo card anywhere Mastercards are accepted.

What is a Monzo card and what are its features

Monzo is a British digital bank that issues prepaid debit cards. The company was founded in 2015 by Tom Blomfield, Jonas Huckestein, Jason Bates, and Paul Rippon.

One of the main features of Monzo is that it allows users to track their spending in real time. You can budget effectively and respond immediately if you notice any unusual transactions on your card. 

Another great feature of Monzo is that it allows users to freeze their card if they lose it or it gets stolen. This prevents any unauthorised transactions from taking place.

Some of the other features of a Free Monzo card include:

  • The ability to set up budgeting goals and track your progress in real-time
  • Contactless card
  • The ability to send money instantly to friends and family members
  • The ability to get a Monzo card for free when you sign up for an account
  • Fee-free withdrawals abroad up to £200
  • Saving pots

Paid Features: Monzo Premium

Monzo Virtual

Monzo Plus Features: £5 per month minimum 3 months period

  • Create custom spending categories – Create your categories to group your spending to suit you.
  • Fee-Free withdrawals up to £400 – Take out cash abroad for free every 30 days.
  • One free cash deposit – Pay cash between £5 to £300 in one go into your Monzo account for free at 27,000 PayPoint’s across the UK.
  • Cashback on international transfers – You’ll earn 0.3% cashback on the first £25,000 you send each year.
  • Other accounts in Monzo – Add other bank accounts and credit cards to Monzo.
  • Virtual cards – Use your virtual cards to stay safe online and pay from pots
  • Credit trackers – That means you can track your credit score over time.
  • Offers – Get discounted offers from brands like HelloFresh, Patch, RAC Breakdown cover and more.
Monzo Manage Your Money

Monzo Premium Features: £15 per month minimum 6 months period

  • All free Monzo features
  • All Monzo plus features
  • Metal card – White metal card for Monzo premium account users.
  • Fee-Free withdrawals up to £600 – Take out cash abroad for free every 30 days.
  • Interest on balance and regular Pots up to £2000 – 1.50%/1.49% AER/Gross
  • Phone insurance – Covers the loss of your phone, broken or crackers to your phone.
  • Worldwide travel insurance – Cover your family travel stress-free with this feature.
  • Discount airport lounge access – Get discounted access to over 1000 airport lounges worldwide.
  • Five free cash deposits – Pay cash between £5 to £300 in one go into your Monzo account for free at 27,000 PayPoints across the UK.
  • Cashback on international transfers – You’ll earn 0.3% cash back on the first £25,000 you send each year.
  • Other accounts in Monzo – Add other bank accounts and credit cards to Monzo.
  • Virtual cards – Use your virtual cards to stay safe online and pay from pots
  • Credit trackers – See your credit trackers in Monzo, that means you can track your credit score over time.
  • Offers – Get discounted offers from brands like HelloFresh, Patch, RAC Breakdown cover and more.
  • Create custom spending categories – Create your categories to group your spending to suit you.

How does a Monzo card work and How to you sign up for a Monzo card?

When you sign up for a Monzo card, you’ll need to provide some personal information, such as your name and address, via a brief video in the Monzo app. Monzo will then verify your identity and process your application.

Once your account is set up, your Monzo will be sent out to you in the post in 2 -5 days. You can then start using your Monzo card immediately by adding money to your Monzo card.

You can use it to withdraw money from an ATM or to make purchases in stores and online.

Your Monzo card will be linked to your Monzo bank account, so any money you spend will be taken from your bank account. This makes it easy to keep track of your spending.

Monzo Card

What are the benefits of using a Monzo card?

Here is a list of benefits of using a Monzo card:

  • Stay on top of your spending – You can see your spending habits in real-time, which makes it easy to budget and avoid overspending.
  • Secure way to pay – If you lose your card or it gets stolen, you can freeze it immediately. This prevents any unauthorised transactions from taking place.
  • Fee-free withdrawals – Monzo is also an excellent choice for people who travel frequently. This is because Monzo offers fee-free withdrawals in over 120 countries.
  • Instant Notifications – You can use it at any ATM in the world, and your transactions will be immediately updated on your phone.
  • There are no hidden fees 
  • Mastercard Accepted – Monzo card can be used anywhere Mastercard is accepted.
  • Create Saving Pots
  • Spilt a bill – Spilt your bill with a friend in just a few taps.

FAQs about Monzo cards

Monzo Account UK

Can I use my Monzo card abroad?

Yes, you can use your Monzo card abroad at any ATM in the world. Your transactions will be immediately updated on your phone. There are no hidden fees with Monzo – you’ll always know exactly what you’re spending.

What happens if I lose my Monzo card

If you lose your Monzo card, you can freeze it immediately from the Monzo app on your phone. This prevents any unauthorised transactions from taking place. You can also order a new card from the Monzo website.

How do I add money to my Monzo card?

You can add money to your Monzo card by transferring funds from your other bank account. You can also top up your account by using a debit or credit card.

What is the spending limit on a Monzo card?

The spending limit on a Monzo card depends on how much money you have transferred to your Monzo account. For example, if you top up your account with £5,000, your spending limit will be £5,000

How do I contact Monzo?

If you need to contact Monzo, you can do so via the app, email or the live chat function on the Monzo website.

Is a Monzo card a debit card Wrap-up

A Monzo card is an excellent debit card and is a great way to stay on top of your spending, and it’s a very secure way to pay. 

It’s also an excellent choice for people who travel frequently. You can use it at any ATM in the world, and your transactions will be immediately updated on your phone. There are no hidden fees with Monzo – you’ll always know exactly what you’re spending.


If you liked this guide and want real-time London/UK travel information, make sure you follow me on Instagram @huesofdelahaye and subscribe to my Youtube channel for weekly travel videos.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *