Monzo Bank is an Android application that offers mobile banking services. Customers of the same name money organization in the UK have access to their accounts on mobile devices.
You have the ability to hoard, spend and manage your finances in one place. The utility offers many convenient features that save your time. By the way, it is possible to open a bank account from your smartphone for free.
Users can pay online and offline purchases via the app. There is a useful function of limits. It allows you to set restrictions for your expenses. In this case you will receive notifications to avoid incurring unreasonable expenses.
There are special programs to earn money on your savings. Monzo Bank provides favorable offers. If you do not need your money in the next few months, you can put it on interest.
You have a chance to use the card anywhere in the world where Mastercard is available. Mobile banking does not charge fees for expenses and increase the exchange rate.
The classic features are very similar to other popular online banking utilities, such as Barclays.
- there is an option of protected deposits against a certain amount;
- possibility of overdrafts and credits;
- the app is free to download;
- compatibility with actual Android versions.