How to cancel Monzo Premium

You can cancel Monzo Premium from in the app at any time by clicking here. You may have to pay a cancellation fee depending on how long you've had Monzo Premium for.

To cancel Monzo Premium, tap here to go to your membership tab, then tap "settings" at the bottom of the page. You should see an option to cancel your subscription from there.

If you do decide to cancel you'll lose all your Monzo Premium benefits, like your interest, custom categories, other accounts in Monzo and more. You'll no longer be covered by your phone or travel insurance from the time you cancel.

Your virtual cards will stop working, so you'll need to update the payment details on any online subscriptions you have linked to a virtual card. You'll also need to order a replacement standard Monzo card to replace your Monzo Premium metal card.

Cancelling within the 14 day cooling off period

If you ordered a metal card, there is a £50 cancellation fee if you cancel within the 14 day cooling off period. If you didn't order a metal card, there will be no fee when you cancel. We’ll also refund your first monthly fee payment.

Cancelling within the 6 month minimum term

If you ordered a metal card, there is a £50 cancellation fee if you cancel within the 6 month minimum term. If you didn't order a metal card, there will be no fee when you cancel. We’ll refund you for any remaining days in the month you cancel.

Cancelling outside the minimum term

After 6 months all cancellations are free. We’ll refund you for any remaining days in the month you cancel.

For more information you can read the full terms and conditions.