Published: April 2, 2026 at 8:36 am
Monzo is pulling out of the United States to focus on the UK and Europe.
The digital bank launched in the US in 2020 with a debit card but withdrew its application for a banking licence the following year.
Despite initially claiming it still had “big ambitions” for the region, it has now taken the decision to close its accounts for existing customers by June. It has stopped onboarding new customers.