Martok
Well-known member
Currently it isn't (other UK banks offer free bank accounts as they make money through other means such as lending), though that's not surprising for a startup company.Sounds awesome, but if there are no fees, how are they making money?
There's a couple of articles on Monzo, their current operating losses and what they may do to start earning money:
http://uk.businessinsider.com/monzos-2017-annual-report-losses-jump-growth-accelerates-2017-7
http://www.cityam.com/267924/revealed-monzos-annual-report-and-6-things-we-learned