Question 1

What is the MONZO PLUS* charge on my bank statement?

Accepted Answer

The MONZO PLUS* charge is a £5.00 monthly subscription fee for Monzo Plus, a premium bank account offered by Monzo in the UK. It includes perks such as higher interest rates on savings, cashback, and other enhanced banking features beyond the free Monzo account.

Question 2

How do I cancel my Monzo Plus subscription to stop the £5.00 monthly charge?

Accepted Answer

To cancel your Monzo Plus subscription, log into your Monzo app and go to monzo.com/settings. From there you can manage or cancel your Monzo Plus membership. Once cancelled, the £5.00 monthly charge labelled MONZO PLUS* will no longer appear on your statement.

Question 3

Is the MONZO PLUS* charge on my statement fraudulent?

Accepted Answer

No, MONZO PLUS* is a legitimate charge from Monzo, the UK digital bank. It represents the £5.00 monthly fee for the Monzo Plus premium account tier. If you signed up for Monzo Plus at any point, this charge is expected. If you do not recall subscribing, check your Monzo app account settings at monzo.com/settings to verify your subscription status.

Question 4

Why am I being charged £5.00 for MONZO PLUS* every month?

Accepted Answer

You are being charged £5.00 each month because you have an active Monzo Plus subscription, which is Monzo's paid premium bank account in the UK. This recurring charge will continue monthly until you cancel the subscription. To stop the payments, visit monzo.com/settings in your Monzo app and downgrade back to the free Monzo account.

MONZO PLUS* Charge (What It Is + Is It Legit?)

Why does this charge appear?

What should you do?

Is this charge fraudulent?

Frequently Asked Questions

Community Reports (1)

Community Comments (0)