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US citizens in the UK · Institutions

Which Monzo accounts accept US citizens

Last checked

Monzo has been checked for US citizens across 4 account types. All 4 are open to a US person (1 with strings).

If you already have an account with Monzo, a second one there is usually the easier application, because Monzo has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was checked.

At a glance

Account Verdict Last checked
Current accounts Opens
Savings accounts Opens
Cash ISAs Opens
Credit cards With strings

Current accounts

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Opens

Monzo's published terms set no residency or tax-residency test beyond being UK resident, and its savings pot, which requires a Monzo current account, carries no US-person bar. No current-account-specific US policy is published, so this rests on those terms rather than a direct statement.

FSCS £120,000 · app-only

Account Terms The catch
Monzo Current Account
Monthly fee
Free
Interest
None on the balance, though its instant access savings pay 2.75% AER
Abroad
No fee on card payments in a foreign currency; cash outside the EEA is free up to £200 in 30 days, then 3%
 —
Perks
Monthly fee
£9 a month
Interest
None on the balance, though its instant access savings pay 3.25% AER
Abroad
No fee on card payments in a foreign currency; fee-free cash abroad up to £600, then 3%
 Paid plan.

Source: Monzo instant access savings pot terms, 2024-10-29 Last checked Monzo's own page

Savings accounts

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Opens

Monzo's savings pot terms set no residency or tax-residency test; you need a Monzo current account before any pot, which applies to everyone. The US taxes the interest as ordinary income.

FSCS £120,000 · app-only, needs a Monzo current account

Account Terms The catch
1p Saving Challenge Pot
Access
Regular saver
Rate
5.00% AER, variable
Rate as of
 Needs a paid plan from £3 a month; on a free account this pot earns nothing.
Select Access Savings Pot
Access
Easy access
Rate
3.65% AER, variable
Min
£500
Rate as of
 Needs a paid Perks or Max plan, and no more than 2 withdrawals a year or it drops to 3.10%. Free accounts get 3.15%.
Instant Access Savings Pot
Access
Easy access
Rate
3.50% AER, variable
Max
£1,000,000
Rate as of
 Top rate needs the Max plan at £19 a month; on a free account it pays 2.75%.

Source: Monzo savings pages, 2026-08-17 Last checked Monzo's own page

Cash ISAs

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Opens

Monzo sets the cash ISA test at UK resident, 18 or over, with a Monzo current account, and its cash ISA pages carry no US-person exclusion. The full ISA terms live in the app rather than on the website, so the declaration wording could not be read in full. The IRS still taxes the interest as US income, as the wrapper gives no US relief.

FSCS £120,000 · app-only

Account Terms The catch
Select Access Cash ISA
Access
Easy access
Rate
3.15% AER, variable
Then
2.60%
Min
£500
Rate as of
 Two or fewer withdrawals a year or it drops to 2.60%. A paid plan pays 3.65%.
Instant Access Cash ISA
Access
Easy access
Rate
2.75% AER, variable
Rate as of
 Standard rate on a free account; paid plans pay up to 3.50%.

Source: Monzo cash ISA pages, 2026-08-17 Last checked Monzo's own page

Credit cards

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With strings

US persons: you need a Monzo current account first

Monzo Flex is a genuine credit card rather than a debit product, and it charges nothing on spending abroad. Two limits worth knowing: it is sold only on top of a Monzo current account, so you cannot start here, and it cannot be used for cash withdrawals at all, anywhere.

App only · needs a Monzo current account

Account Terms The catch
Monzo Flex
Representative APR
29% APR representative
Card fee
Free
Abroad
No foreign transaction fee, at the Mastercard rate. No cash withdrawals at all, at home or abroad.
 Paying in full, or spreading a purchase over three months, carries no interest.

Source: Monzo Flex page, 2026-08-17 Last checked Monzo's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

FBAR

If your foreign accounts top $10,000 combined at any point in the year, you file an FBAR. What counts, when it is due, and what happens if you miss it.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.