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Quilla NewsFinance & Technology
ENES

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

FinanceInternationalCinco Días35 s readAI summary
Image: Cinco Días

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.

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