Open Banking | Monzo
Monzo, founded in 2015 is a UK based challenger bank providing personal and business current accounts. Unlike a traditional bank Monzo has no physical branches and delivers their banking solution exclusively through a mobile app. The Monzo app provides a number of sophisticated features that allow you to effectively manage your finances.
- Real time push notifications when you use your card or your balance is low
- Categorise your expenditure and move surplus funds into virtual pots
- Visualise your cash flow and see your account history on a graph or interactive map
- Attach notes and receipts to your transactions
- Slick account opening procedure
There are setup or transaction fees when using a Monzo account within the UK, this includes free ATM withdrawals. Overseas transactions are also free of charge providing you stay within the daily withdrawal limit of £200, after which you’ll be charged 3% for withdrawals.
Open Banking Features
| 24 hour transaction syncing | ||
| Manual refreshing | ||
| Current accounts | ||
| Savings accounts | ||
| Credit cards | ||
| View live beneficiaries | ||
| View live balances | ||
| View live product information |
Getting Started
To setup a Monzo Open Banking Feed, simply log into your QuickFile account and in the "Banking" menu select "Open Banking Feeds" then click the button and select your bank from the list.
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Monzo |
Don't have a QuickFile account yet?
Create a new account for your business and connect a Monzo Open Banking Feed.