How Much Does Monzo Plus Cost in the UK?
Monzo Plus costs £5 per month. It upgrades the free Monzo bank account with a holographic debit card, credit score tracking, custom categories, and advanced budgeting. According to Monzo, the bank has over 9 million UK customers with growing adoption of paid tiers.
| Plan | Monthly Cost | Key Features |
|---|---|---|
| Monzo (Free) | £0 | Basic current account, instant notifications, pots |
| Monzo Plus | £5.00 | Custom categories, credit score, 1% savings, holographic card |
| Monzo Premium | £15.00 | Plus features + travel insurance, phone insurance, metal card |
Monzo Plus adds budgeting features that pair well with Prunely's subscription tracking. The credit score monitoring (via TransUnion) is included at no extra cost.
Compare all options on our UK Finance subscriptions page.
Does Monzo Plus Auto-Renew?
Yes, Monzo Plus charges £5 monthly from your Monzo account. It auto-renews on the same date each month. Check in the Monzo app under Account > Monzo Plus.
How to Cancel Monzo Plus in the UK
- Open the Monzo app
- Go to Account > Monzo Plus
- Tap Cancel Monzo Plus
- Confirm — your account reverts to the free tier
Your holographic card continues to work as a standard Monzo card. Custom categories revert to defaults. See also our guides to Monzo Premium UK subscription and Revolut Premium UK subscription.
Is Monzo Plus Worth It in 2026?
Monzo Plus is worth it if you use the budgeting and credit score features regularly. At £5/month, it competes with standalone budgeting and credit monitoring apps.
| Pros | Cons |
|---|---|
| Credit score tracking included (TransUnion) | £5/month for features available free elsewhere |
| Custom categories for detailed budgeting | Holographic card is novelty, not functional |
| 1% AER on savings pots (up to £2,000) | 1% savings rate is below best-buy savings accounts |
| Round-ups and salary sorting enhanced | Revolut offers more features at similar price |
| Cancel any time — no contract | Many Plus features should arguably be free |
Revolut Premium at £6.99/month offers more features (travel insurance, disposable cards, crypto). Free alternatives for credit scoring include ClearScore and Credit Karma. Monzo Plus is best for users who want everything in one banking app.
Track Your Monzo Plus Subscription with Prunely
Prunely lets you add Monzo Plus to track your monthly charge. Track alongside all subscriptions — no bank connection needed. Prunely is free for up to 5 subscriptions.
Frequently Asked Questions
How much does Monzo Plus cost?
Monzo Plus costs £5/month charged from your Monzo account. There is no annual plan. Cancel any time through the Monzo app.
What is the difference between Monzo Plus and Premium?
Plus costs £5/month with custom categories, credit score, and holographic card. Premium costs £15/month adding travel insurance, phone insurance, and a metal card.
Is Monzo Plus worth £5 a month?
If you use the credit score tracking and custom budgeting categories regularly, yes. If you only want basic banking, the free Monzo account is excellent and sufficient for most users.
How do I cancel Monzo Plus?
Open the Monzo app > Account > Monzo Plus > Cancel. Your account reverts to the free tier immediately. No cancellation fees. Use Prunely to track your billing date.
Does Monzo Plus include savings interest?
Monzo Plus offers 1% AER on savings pots up to £2,000. This is below best-buy savings rates. For higher interest, consider a dedicated savings account while using Monzo for daily banking.