Monzo

UK Banks have completed their first live transaction with customers using tokenised Sterling deposits, marking a major milestone for payments innovation in the UK. Tokenised deposits are digital representations of traditional commercial bank money. UK Finance, the trade association for the financial

Monzo has launched a new auto-investing cashback credit card following a surge in demand for tools that turn routine money saving habits into long-term financial progress. The fintech claims to have save more than £1.43bn for customers via its automated round-up tool since 2018, with £26

Digital bank Monzo has introduced a new feature allowing sole traders and landlords to file taxes directly to HMRC via their business accounts.

Digital bank Monzo has unveiled a new scheme to "double the salary" of ten lucky customers every month. The initiative aims to incentivise users to switch their primary salary payments to the app-based bank, as it continues to compete aggressively with traditional high-street lenders.

The Financial Conduct Authority (FCA) has fined Monzo Bank Ltd £21,091,300 for its inadequate anti-financial crime systems and controls between October 2018 and August 2020. The fine has been reduced from £30,130,475 after Monzo agreed to resolve this matter and qualified for a 30% disco

Digital bank Monzo has announced its first-ever annual profit, driven by higher interest rates and increased income from transaction fees and subscriptions.

Monzo customers are now eligible to receive a free sausage roll each week.

Digital bank Monzo has progressed to advanced discussions regarding a funding round of over £300 million.

The Competition and Markets Authority (CMA) has released the annual surveys of the UK's banks showing how well customers are being looked after. The surveys are independently conducted by Ipsos MORI (for personal accounts) and BVA BDRC (for business accounts) using a sample of thousands of individua

The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.

The Competitions and Markets Authority (CMA) has written to digital bank Monzo about a breach of the Retail Banking Market Investigation Order 2017 in relation to the bank's monthly maximum charge. This requires banks and building societies to specify, for each Personal Current Account (PCA) product

Monzo, First Direct and Startling Bank have been listed as the best providers of personal current accounts in the UK in terms of overall service quality. The latest service quality survey conducted by Ipsos MORI has revealed that 83% of Monzo customers said they would recomm

The Competition and Markets Authority (CMA) has issued a warning to a series of UK banks including Monzo, NatWest and Virgin Money after they breached a rule requiring them to send former customers their transaction histories. As a result of the Retail Banking Market Investigation Order 2017, banks

Worries are increasing at the UK's digital banks as the Bank of England sets a deadline for profitability.

Online bank Monzo has topped the charts for customer service amongst UK banks in the latest Ipsos MORI Personal Banking Service Quality survey. Customers with personal current accounts were asked how likely they would be to recommend their provider, their provider’s online and mobile bank