Monzo was founded in 2015 by its CEO Tom Blomfield. It has become one of the most exciting start-ups in the UK. While many of its competitors are bricks and mortar operations, Monzo as a casino banking method prides itself upon being innovative and fully catering to its customers' needs. Due to a change in the gambling legislation, UK banks have now allowed customers to suspend payments to online gambling sites via bank account transfers.
UK Casinos that Accept Monzo
UK only. Win up to 666 Free Spins from Mega Wheel on 1st deposit. 24-hour expiry. Max bet £2.50, max spins win £8 per 10 spins, max bonus win £150, selected games & 65x wagering on winnings. No neteller/skrill. Deposit/withdrawal fees apply. Full T&Cs apply.
18+. New eligible players only. Welcome Bonus 100% bonus up to £99 plus 99 free spins on Spinsane/Joker Pro. Bonus valid for 30 days. wagering requirements are 40x the received bonus amount. A minimum deposit of £20. T&C's apply.
18+. New players only. One offer per player. Min Dep £10. Max bonus bet £5. 1st Dep offer is 100% up to £250 + 100 Bonus spins on Aloha Cluster Pays. Spins expire after 10 days, funds after 30 days. Bonus funds separate to Cash. Wager Req of 35x Deposit + Bonus apply. Terms Apply. BeGambleAware.org.
18+ only. Opt in required. New Customers Only. 100 bonus spins will be awarded after depositing £10 (or currency equivalent) or greater after opting in. Bonus spins valid on selected slots only. Wagering requirements are 45x Bonus Amount. Max bet with bonus is £5 per round and £0.50 per line. Neteller, Skrill and Paysafecard deposits not permitted. 7 days expiry on bonus spins.
18+.New players ONLY. First deposit only. Min deposit £20 Max bet £5 while Welcome Bonus is in play. 35x wagering requirement. Upon 1st Deposit - 100% bonus up to £100 + 25 Extra Spins on any NetEnt game. Offer may not be combined with other offers. Deposits made by Skrill or Neteller are not eligible. Game weighting, time limitations & full T&C’s apply.
Newly registered players will receive a Treasure Chest upon creating a new account. Open your treasure chest today to find out what's inside! T&C Apply
18+ New Players only. Bonus code is CASINO250. The maximum bonus amount is 100% up to £ 250. The minimum required deposit is £ 10. Player needs to wager an original deposit 10x using the real money balance within 7 days. The wagering requirement of this bonus is 30x and must be fulfilled only from the real money balance. T&C Apply
18+. New depositors only. UK residents only. Minimum deposit £10. Bonus Spins are valid only on Starburst and expire in 7 days. Excludes deposits made via Skrill, Entropay and Neteller. Wagering requirements 10x.
18+. New customers only. Min dep £10/£50. Claim period 14 days. Daily Spins claim period 1 day. Winnings from spins 40x wagering within 7 days. Max 500 spins total. Max Winnings on all spins £1,000. Max bet £5. Game restrictions apply. Please play responsibly.
18+ new players only. Maximum £50 bonus. Minimum deposit: £20. Max bet with an active bonus: £2. Wagering requirement 100% match bonus: 30 times sum of deposit + bonus. Winnings from Extra Spins come as cash. Some games may not be played with an active bonus. Games may contribute differently when wagering a bonus. www.begambleaware.org Full bonus terms and conditions apply.
18+. New players only. 1 bonus offer per player. Min. deposit £20. Max bonus bet £5. Bonus spins on selected games only- must be used within 72 hours. Bonus funds expire in 30 days, unused bonus shall be removed. Bonus funds are 100% match up to £500 + 50 bonus spins on 1st deposit, 25% match up to £800 + 25 bonus spins on 2nd deposit, and 50% match up to £500 + 30 bonus spins on 3rd deposit. Bonus funds are separate to Cash funds, and are subject to 40x wagering the total bonus, cash & bonus spins. Terms apply.
How easy is Monzo to use at an online casino?
How to sign up at an online casino using Monzo
Using Monzo on a casino site is straightforward and here’s how you can sign up:
Depositing and Withdrawing using Monzo at an Online Casino
How to make a deposit using Monzo
Depositing into your Monzo account is straightforward. Follow these steps:
How to make a withdrawal using Monzo
Making withdrawals in the UK using Monzo is free of charge, and there are no fees for day-to-day usage. Here’s how to do it:
Is Monzo a widely used casino payment method?
Monzo is continuing to adapt to and react to trends. Using Monzo as a casino payment method has become increasingly popular, especially among the millennials. It is easy to use, and as it is built for use with mobiles, Monzo as a casino banking method is perfect for those who play on the go. It is one of the most popular consumer banks, and in terms of brand advocacy, it ranked higher than other brands in 2019 in the annual Brand Advocacy Rankings. Consumers gave the brand a very positive rating of 90% in a recent YouGov survey.
Where can UK players find casinos that accept Monzo?
Using Monzo at an online casino is becoming more widespread. To check which casino accepts Monzo, you can visit established casino operators such as 32Red and see whether Monzo is an accepted form of payment. Here, you will also find details of promotions and bonuses as well as wagering requirements.
Pros and Cons of Banking with Monzo
|Advantages of banking with Monzo||Disadvantages of banking with Monzo|
|👍As a regulated UK bank, your money is safeguarded by the Financial Services Compensation Scheme (FSCS), which is an independent fund set up by the government to keep people's money safe.||👎 Monzo has a daily withdrawal limit of £400 and there are no branches you can walk into to request higher amounts.|
|👍 It's free. Payments and cash withdrawals |
in the UK are free, and there are no added fees.
|👎 At present, it only exists as an app, so it is not easy to sort out disputes or problems like you could at a traditional bank.|
|👍 Registering an account takes a matter |
of a few minutes, and it is easy to set up.
|👎 There is a deposit fee of £1, whereas other digital banks don't charge for depositing money.|
|👍 No credit checks are required. When it comes to |
informing you of your spending patterns and when you are
getting close to exceeding your budget, the app is slightly
more intuitive than some of its competitors.
|👎 It is excellent for individuals, but there is currently no business offering.|
Monzo FAQs for UK Players
Can I be scammed by using Monzo online?
As Monzo is fully protected by the FCA (Financial Conduct Authority), it works very hard to protect all its customers. The financial crime and security teams are made up of dozens of engineers, analysts and other experts who work very hard to detect fraud and take the necessary protections to protect you. If Monzo or another bank calls and asks you to move money to a ‘safe account’, or if HMRC calls you to make a payment, you should be wary.
Are there fees for using Monzo online?
There are no fees charged for using Monzo for payments and cash withdrawals in the UK. Fees are only charged if you withdraw cash while you’re abroad
Is it safe to use Monzo at online casinos?
Using Monzo at an online casino site is safe. Standard Monzo accounts are fully authorised and regulated by the FCA. There are sophisticated rules, which are related to keeping you safe online. Account-holders should be aware of third parties purporting to be their bank or any other organisation and take precautionary measures. Generally, it’s always safest to pay by card if you can. Bank transfers arranged online or over social media are fraught with risk and they are not protected in the same way as card payments. If something looks too good to be true, then it may well be.
Who can I contact if something goes wrong with Monzo at a casino?
While playing using Monzo at an online casino should be fun, Monzo recognises there may be times when you will need them. There are dedicated customer support services that can respond to all types of issues and concerns ranging from account problems to how to budget and even how to report a lost or stolen card. Monzo provides a customer support number, and you can also get in touch with an agent by sending an email.