Upgrading Your Monzo Account in 2025: Monzo Plus vs. Monzo Premium
If you’re considering upgrading your Monzo account in 2025, you’ve likely come across two options: Monzo Plus at €3 per month and Monzo Premium, now called Monzo Max, at €17 per month. But which option truly offers the best value? Let’s break it down.
What You Get with Monzo Plus
Monzo Plus is designed for users who want to enhance their budgeting without a hefty price tag. Here’s what you can expect for €3 per month:
- Virtual Cards: Manage your spending online with ease.
- Custom Spending Categories: Tailor your budget to suit your lifestyle.
- Advanced Credit Score Tracking: Monitor your credit score with TransUnion.
- Fee-Free ATM Withdrawals: Withdraw up to €400 per month abroad without extra fees.
- Better Savings Rates: Enjoy higher interest rates on saving pots compared to free plans.
Monzo Plus is perfect for those looking to improve their budgeting game without overspending.
What You Get with Monzo Premium
Monzo Premium, or Monzo Max, includes all the features of Monzo Plus but adds a range of benefits tailored for frequent travelers and those seeking additional insurance. For €17 per month, you receive:
- Worldwide Travel Insurance: Coverage for medical emergencies and lost packages during your trips.
- Phone Insurance: Protection for accidental damage or theft of your phone.
- Higher Fee-Free ATM Withdrawals: Withdraw up to €600 per month abroad without incurring fees.
- High-Interest Saving Pots: Access the best saving rates offered by Monzo.
- Exclusive Lifestyle Perks: Enjoy added benefits like cinema discounts and airport lounge access.
Monzo Premium is essentially a full lifestyle package, but it comes at a premium price.
Which Plan is Right for You?
If you don’t travel often or already have phone insurance, Monzo Plus is likely sufficient. You’ll still benefit from virtual cards, enhanced savings interest, and improved budgeting tools.
On the other hand, Monzo Premium is only worth the investment if you travel regularly, need extra insurance, and plan to utilize the lifestyle perks. Otherwise, you may find yourself overpaying for features you won’t fully utilize.
User Feedback
Most Monzo users agree that Monzo Plus strikes the perfect balance between cost and functionality. It offers low-cost, high-budgeting control and useful virtual cards. Meanwhile, Monzo Premium receives positive reviews from frequent travelers but feels excessive for casual UK users who won’t take full advantage of the extra perks.
Final Verdict
- Choose Monzo Plus: If you want powerful budgeting, virtual cards, and better saving rates without the added expense.
- Opt for Monzo Premium (Max): If you travel frequently and desire an all-in-one account with insurance and lifestyle benefits.
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