MyMonty review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
MyMonty suits UK customers who want a digital account with euro and pound balances, a UK sort code and IBAN, and instant transfers between their own accounts. The monthly fee is €0, so the only real cost to watch is conversion on spending outside those currencies.
Key facts
- Best for
- A fee-free, digital-only euro and pound account for customers in the UK.
- Monthly fee
- €0↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Currencies
- 2↗
- Local account details
- IBAN, UK-sort-code↗
- Legal entity
- Monty Finance UK Ltd↗
- Headquarters
- United Kingdom↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Features
- Digital-only
- Official website
- mymonty.com
Money transfer
- Delivery time
- Instant for P2P to another MyMonty account; otherwise by end of next business day↗
- Payout methods
- Bank, Card↗
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInXyoutube.com
Pros and cons
Pros
- The monthly fee is €0 and the model is listed as a no monthly fee account.
- Deposit protection is FSCS up to GBP 85,000.
- Transfers to another MyMonty account are instant, and other payments land by the end of the next business day.
- You get local account details, including iban and uk sort code.
Cons
- Currency range is thin at 2, so anyone spending or holding other currencies needs a second account elsewhere.
- The account is digital only, so everyday cash and branch tasks sit outside what it offers.
- Cash payouts are not among bank and card, so withdrawals go to a bank account or card.
Who it suits
- UK customers paid in euros who want to hold euros alongside sterling without a monthly charge.
- People who send money to friends and family on their own MyMonty account, where transfers are instant.
- Anyone comfortable running their money from the app, since the account is digital only, and paying local bills from iban and uk sort code.
Who should look elsewhere
- PayPal Colombia, if you want a multi-currency wallet rather than a UK account holding 2 currencies.
- Skrill, whose deposit protection is EU DGS up to EUR 100,000, a different scheme from the FSCS up to GBP 85,000 on offer here.
- eToro, which is also listed with a monthly fee of £0, so cost alone is no reason to move.
Where it sits among rivals
On monthly fee, MyMonty sits at 1 out of 500 brands listed, so free banking is its strongest showing against rivals. On currencies, it ranks at 274 out of 379, which is where a euro and pound account lands in a multi-currency comparison. The contrast is the point: cost is a strength, currency range is not.
Who runs it
MyMonty is run by Monty Finance UK Ltd, registered in the United Kingdom, and authorised and regulated by the Financial Conduct Authority under reference 942777. Support runs on email, chat and phone, so you can reach a person by phone or chat, or work through the help centre. That licence reference is what you can check against the regulator's register when weighing it against other providers.
How MyMonty compares
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 8.0
9.3 vs 8.9Also listed with a monthly fee of £0, so price is not the reason to pick it over MyMonty.
9.3 vs 9.1
9.3 vs 9.2
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 9.0Its deposit protection is EU DGS up to EUR 100,000, a different scheme from the FSCS up to GBP 85,000 offered here.
9.3 vs 8.7
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.9- 9.3 vs 8.9
9.3 vs 8.7
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.4
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.1- 9.3 vs 8.1
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 9.1
Where MyMonty is available
- Licence in United Kingdom
- Financial Conduct Authority (942777), checked September 26, 2026
- Licence in Bulgaria
- Bulgarian National Bank, checked September 26, 2026
Frequently asked questions
Does MyMonty charge a monthly fee?+
No. The monthly fee is €0, and MyMonty is listed as a no monthly fee account, so there is no fixed charge to budget for. On this measure it ranks at 1 out of 500 brands compared.
Is my money safe with MyMonty, and who supervises it?+
MyMonty is authorised by the Financial Conduct Authority in the UK under reference 942777, and it is also registered with the Bulgarian National Bank. Deposits are covered by FSCS up to GBP 85,000, so eligible balances sit under the UK deposit protection scheme.
How many currencies can I hold?+
You can hold 2 currencies, and they come with local payment details, iban and uk sort code. If you need a wider range than that, MyMonty is too narrow, since it ranks at 274 out of 379 brands on currency count.
How quickly do payments and transfers arrive?+
A payment to another MyMonty account is instant, and anything else arrives by the end of the next business day. Money comes out to a bank account or a card, since bank and card are the payout routes on offer. There is no cash withdrawal option listed.
Is MyMonty an app account or a branch account?+
It is digital only, so the account is run entirely in the app rather than over the phone or in a branch. For paying people in the UK that matters little, because you get iban and uk sort code and can pay by bank transfer like with any other account.
How do I get help from MyMonty?+
Support runs on email, chat and phone, which covers email, chat, phone and a help centre. Having phone and chat together matters for an app-only account, because a stuck payment often needs a person rather than another page of documentation.
Who is MyMonty built for?+
It suits UK customers who are paid in euros, need a sort code and IBAN for local bills, and do not want a monthly charge. It suits you less if you hold many currencies or need cash in hand, since payouts are bank and card.
Sources
- mymonty.com checked September 26, 2026
Backs: Currencies, Deposit protection, Features, Pricing model, Monthly fee, Support channels, Licences
“Choose between EUR or GBP for seamless transactions in your preferred currency.”
- mymonty.com/paynetics-terms-and-conditions checked September 26, 2026
Backs: Delivery time, Local account details, Payout methods
“Payments from your Paynetics Account to another Paynetics account (P2P Transfers). Immediately upon receipt of the payment order by Paynetics”
- mymonty.com/terms-and-conditions checked September 26, 2026
Backs: Headquarters, Legal entity
“The Website is the property of Monty Finance UK Ltd, registered in Bridge House 181 Queen Victoria Street, London, EC4V4EG, UK”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee.
Related by the facts
MyMonty
A fee-free, digital-only euro and pound account for customers in the UK.