MonzoUnited Kingdom
Easy to open as a new arrival, great for budgeting
Traditional banks asked me for proof of address that I did not have in my first week. Monzo let me open an account with my passport and visa, and the card arrived in three days. The app shows every payment instantly and the savings pots help me set aside money for rent and sending money home. Customer support in the app has been fast and friendly. It is useful to have a second account with a high street bank later for things like branch services and some mortgages, but for day to day banking Monzo has been perfect for me.
Pros
- Quick to open without proof of address
- Excellent budgeting tools
- Helpful in-app support
Cons
- No branches for in-person help