Monzo: sourced answers
2 answers to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Bank or provider
How are the client's funds protected at the provider
Applies when: United Kingdom
FSCS up to £120,000
«s and credit unions Deposit protection limit Deposit protection limit On 1 December 2025 the FSCS deposit protection rose to £120,000. This means that if you hold deposits or savings with a UK-authorised bank, building society or credit union and it goes out of business, FSCS can com»
Source: protected.fscs.org.uk · source copy as of 2026-10-03
«p in just a few minutes and you're done. Is my money safe with Monzo? Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS), up to a value of £120,000 per person. Do I need to be a UK resident? Yes, you currently need to be resident in the UK to get a Monzo card. We hope to launch internationally in the future»
Source: PRA named UK bank list / provider legal identity statement · source copy as of 2026-10-03
Up to what amount are a client's deposits with this provider guaranteed (per client)
Applies when: United Kingdom
FSCS up to £120,000
«s and credit unions Deposit protection limit Deposit protection limit On 1 December 2025 the FSCS deposit protection rose to £120,000. This means that if you hold deposits or savings with a UK-authorised bank, building society or credit union and it goes out of business, FSCS can com»
Source: protected.fscs.org.uk · source copy as of 2026-10-03
«p in just a few minutes and you're done. Is my money safe with Monzo? Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS), up to a value of £120,000 per person. Do I need to be a UK resident? Yes, you currently need to be resident in the UK to get a Monzo card. We hope to launch internationally in the future»
Source: PRA named UK bank list / provider legal identity statement · source copy as of 2026-10-03
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