Monzo Blog
The latest updates, stories, ideas and guides from the Monzo team.
TechnologyBecoming direct participants of Bacs
In September 2022, Monzo became a Direct Participant of the Bacs scheme. In this post, Tech Lead Ryan explains how we built a new connection to the the Bacs scheme over the SWIFT banking network and managed the risks involved.
Monzo Me"I’ve saved £9k without needing to think about it"
Anwar, 28, is a junior doctor based in Birmingham who earns £39k a year. This is how he automated his savings using Monzo.
How Money Works6 ways to build confidence managing money
If you're not naturally confident with money, don't worry. Here are six ways to feel more in control of your finances.
PotsInstant Access Savings are here
Introducing: our all-new Instant Access Savings Pot. Earn 4.10% AER interest (variable) a year, paid monthly. Withdraw your money instantly, anytime. And there's no minimum deposit either.
DataUsing topic modelling to understand customer saving goals
This blog post walks you through how we used a method called topic modelling to categorise Pot names into different themes so we can understand which Pots are used for holidays, life events, or just general savings.
Monzo Me“When my ex and I broke up, I didn't expect it to affect my money like this”
Michael Wright, 32, recently came out of a relationship and it's changed the way he manages his money. Here, he shares what's more difficult and what's easier now he's single.
Small Change“Identifying my emotional spending has given me more power and control over my money”
Catherine, 31, is a student studying for a psychology master's while working as a part-time staff nurse. Based in Falkirk, Scotland, she rents with her partner and a parent who lives with them part-time.
Diversity and InclusionAn update on our gender pay gap, April 2022
In October 2021, we reported our gender pay gap as a snapshot for April 2020 and April 2021. This update looks at the gender pay gap changes since we last reported.
Small Change"I saved £500 by using round ups and riding my bike"
By automating his saving through round ups and IFTTT, Luke has become more consistent with putting money away and feels more responsible as a result. Here's how he did it!
TechnologyHow we prepare for huge spikes in traffic as millions of our customers get paid early
This blog explains the problems that occur when hundreds of thousands of customers all request to be paid millions of pounds at almost exactly the same time, and what we do to keep things running smoothly while that happens.
Small Change"The thought of looking at my money used to make me physically sick, now I have so much more control"
Ricky Zalman, 32, is an actor based in Surrey who also works in recruitment in a drama school. He rents a flat alone and earns around £36k a year.
Small Change“Analysing my spending data on Monzo helps me be feel more in control of my money”
Olakunle, 37, lives in Rugeley, Staffordshire, with his partner and two children, aged seven and three. He works as a data analyst in the healthcare sector and earns £40k a year.
Small Change"I use 19 Monzo Pots to manage every aspect of my money"
Amy Cunningham, 38, lives in Merthyr Tydfil, south Wales, with her husband and three children. She’s a civil servant and earns £26k a year.
