British neobank Monzo lands in Spain with free account and card and a 4% rate

FinanceInternationalCinco DíasOct 27, 2026, 11:30 PM35 s readAI summary

British neobank Monzo is entering Spain, its first market outside the UK, with a free bank account and debit card, with no fees or conditions. Its interest-bearing account pays 4% AER on the first 5,000 euros and 2.5% on the rest up to 100,000 euros. Monzo, which has 16 million customers in the UK, has built a team of 80 people with an office in Madrid and a technology centre in Barcelona.

In 35 seconds

Monzo enters Spain with a free account and debit card, with no fees or conditions
The interest-bearing account offers 4% AER on the first 5,000 euros and 2.5% up to 100,000 euros
Spain is the neobank's first international market; it has 16 million customers in the UK

Read the full story at Cinco Días

IASummary generated by artificial intelligence from a story by Cinco Días. It may contain errors: the original source prevails.

Monzo
neobancos
banca digital
España
Bizum

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British neobank Monzo lands in Spain with free account and card and a 4% rate

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day