Monzo unveils premium account with phone and travel insurance
- Tuesday, October 20th, 2020
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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.