How Brexit will impact Monzo Business

We don’t expect the UK’s exit from the European Union to have an impact on our customers, how you use Monzo or any of our partnerships. There are no changes to how your card will work in the UK or overseas, or to any of your fees and allowances.

We’re a UK bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per eligible depositor, it will stay that way after Brexit.