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They're doing quite well it seems. Everyone I know seems to have an account with them.

They've had a full, unrestricted bank licence since 2017 and have over 9.3m customers[1].

[1] https://en.m.wikipedia.org/wiki/Monzo




I used them during their beta phase and they were my primary bank until I left the UK. Exceptional service, and the only app from a UK bank that wouldn’t have made you want to cry with how awful it was.




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