Holly Mckay
Holly MackayFounder and CEO
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    Home • Compare Providers • Independent Provider Reviews • Monzo

    Is Monzo good for investing?

    Independent review by Boring Money

    Monzo

    Monzo

    Monzo

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    Looking for a Monzo investment review? Our detailed analysis explores whether Monzo's new investment features make it the right choice for your portfolio in 2024, especially if you're already a Monzo banking customer.

    Monzo Investment Platform Overview

    With over 10 million customers, Monzo has evolved from a popular digital bank to offering investment solutions backed by BlackRock, the world's largest asset manager. This integration allows customers to manage their banking and investments in one streamlined app.

    What Investment Products Does Monzo Offer?

    Available investment accounts include:

    • Stocks & Shares ISA (start from just £1)

    • Self-Invested Personal Pension (SIPP)

    • General Investment Account

    • Round-up investment features

    • Regular investment options

    Is Monzo Good for Beginning Investors?

    New investors will appreciate:

    • Super simple interface

    • Integration with Monzo banking

    • Three straightforward investment options

    • ESG-conscious investing (30% less carbon intensive)

    • BlackRock fund management

    • Low £1 minimum investment

    Monzo Investment Costs at a Glance

    Total costs amount to 0.59% annually, broken down into:

    • 0.45% platform fee

    • 0.14% fund management fee

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    Boring Money conducts rigorous, year-round testing on Monzo using our live account. Get total access to our research backed views, information on costs, charges and more.

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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