Monzo has announced it will be launching its first accounts in the USA this summer.
The digital bank claims to be starting off simple and will begin providing a Mastercard debit card and mobile app to US customers.
The first version of the app will enable US customers to use features including:
- instant spending notifications
- person-to-person payments
- pots to split your savings from your spending money
- 24/7 human customer service
- fee-free spending abroad
The bank will be hosting face-to-face events in several major US cities in order to gain feedback on the product.
Monzo will be working alongside a fully FDIC-insured partner bank to ensure that customers’ money is protected.
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