Debit · Mastercard8.2/10
Monzo Card
Reviewed by Aayush JainUpdated May 2026
UK digital bank with no foreign transaction fees — ATM use limited to £200/month on the free plan.
Visit MonzoForex fee
None
ATM fee
3%
Monthly fee
Free (basic) / £5 (Plus) / £15 (Premium)
Network
Mastercard
Available in
UK
ATM detail: Free plan: £200/month free ATM withdrawals outside UK, then 3% above that. Monzo Plus/Premium: higher limits.
Our verdict
Monzo is a solid travel card for UK travellers who mostly pay by card and rarely withdraw more than £200/month from ATMs. The zero forex fee on spending is excellent. However, Starling beats it on ATM withdrawals — if you need unlimited free cash abroad, choose Starling instead.
Pros
- Zero foreign transaction fee on spending
- Mastercard exchange rate — very competitive
- Full UK bank account with FSCS protection
- Excellent app with real-time notifications and budgeting
- No fee up to £200/month ATM withdrawals abroad
Cons
- 3% ATM fee above £200/month on free plan
- UK residents only
- ATM limit is lower than Starling (which is unlimited)
- Premium features require paid plan
Best for
UK travellers on budget tripsThose who rarely need cash abroadMonzo existing customers
Frequently asked questions
Cost summary
Card typeDebit
NetworkMastercard
Forex feeNone
Free ATM£200/month free abroad (free plan), then 3% fee. Unlimited on paid plans.
Monthly feeFree (basic) / £5 (Plus) / £15 (Premium)
Available inUK
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