Monzo unveils premium account with phone and travel insurance

Mobile bank Monzo has a premium account, featuring phone and travel insurance and the company’s first metal card.

The Monzo Premium metal card is made of a single 16g sheet of steel with the owner’s details on the back for the sake of minimalism. Meanwhile, the service offers insurance for phones up to £2,000 – protecting them against theft, loss, and accidental damage – and accessories under £300. And the worldwide family travel insurance covers medical bills up to £10m, lost valuables up to £750, and cancellation costs up to £5,000.

Away from the fancy card and the insurance, the premium offering enables Monzo customers to earn interest up to £2,000 on their balance and regular pots and allows people to get £600 of fee-free cash every 30 days when abroad.

There’s also discounted airport lounge access, the ability to add and view other bank accounts, a way to track your credit score, exclusive offers from brands, and more.

Monzo Premium is available for people aged from 18 to 69 for £15 a month, with a six-month minimum term.