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What Monzo actually costs over five years

The sticker price is the start of it. Here is what Monzo adds up to over one, three and five years, plus the costs that never appear on a pricing page.

Information, not financial advice. Prices and terms change; check the source before you buy.

The five year number

Five years of Monzo comes to £180 on Extra, £420 on Perks or £1,020 on Max. Figures assume the current advertised prices held flat with no increases, and no benefit redemptions netted off. Verified 21 July 2026.

Year by year

Total cost of Monzo compared with Delphina after one, three and five years.
After 1 yearMonzo£0 on Free, £36 on Extra, £84 on Perks or £204 on MaxDelphina£119.88
After 3 yearsMonzo£108 on Extra, £252 on Perks or £612 on MaxDelphina£359.64
After 5 yearsMonzo£180 on Extra, £420 on Perks or £1,020 on MaxDelphina£599.40

Delphina Wealth Builder at £9.99 a month, held flat.

Figures assume the current advertised prices held flat with no increases, and no benefit redemptions netted off.

Costs that are not on the price list

These do not show up when you sign up, but they show up on your statement.

  • Hidden cost: Max has a three month minimum term, so the real smallest commitment is £51
  • Hidden cost: Perks and Max only pay for themselves if you actually redeem the benefits every month
  • Hidden cost: Max is priced from £17, so the figure you pay can be higher than the headline

Figures based on Monzo’s published prices(opens in a new tab), checked 21 July 2026.

What you are paying for

For day to day banking with genuinely good in-app spending tools, that is a fair price. A real UK current account with FSCS protection, which no planning tool can offer. One of the highest rated finance apps in the UK App Store, from an unusually large number of ratings.

A five year total always looks large written down. Judge it against what the tool actually changes, not against the headline on its own.

Plans and tiers

This page is about the running total. For the tier structure and what each plan includes, see Monzo pricing.

The same five years on Delphina

Delphina's Free plan is £0 for as long as you want it, no card. Wealth Builder is £9.99 a month, so five years is £599.40 if you stay on it the whole time, billed in pounds with no FX fee.

Comparing Monzo with Delphina is partly apples to oranges. Monzo is your bank and it is a very good one, and we do not want to replace it. Delphina sits on top of whichever bank you use and answers the questions Monzo does not: whether your pension is on track, what your ISA allowance should be doing, and what UK tax will take. If you are happy with Monzo, keep it.

See Delphina's plans

Check where you actually stand

More on Monzo

Monzo: common questions

It is worth it for day to day banking with genuinely good in-app spending tools. It is a poor buy for anyone who needs it is a bank first, so there is no pension projection, no isa allowance modelling and no uk tax logic, because that is not what it is built to do.

A five year total is worth measuring against something

The point of paying for any of this is a better outcome. Delphina shows you what your pensions and ISAs are actually on course to do, so you can judge whether Monzo is earning its fee.

Free plan: create an account, no card, no expiry. Takes about two minutes.