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Monzo to launch first USA accounts this summer

Sam Monk | 15:21 Friday 14th June 2019

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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