Is Monzo safe?
FSCS protects Monzo current accounts. If Monzo went out of business and was unable to return your money, we would pay you compensation up to our current compensation limit for single and joint accounts.
You wouldn’t need to do anything to get your money back as we would automatically compensate you.
We protect companies that the Prudential Regulation Authority (PRA) authorises. You can find a list of the banks the PRA authorises on the PRA's website.
Visit the Monzo website.