There are Monzo casinos available but these are usually found in the UK only. It is likely that Monzo will expand their reach in the future, so you may be able to use this payment methods in other countries soon. If you like the idea of making deposits using your phone then then check out some alternative pay by phone methods.
Available for UK players
18+ | Terms and conditions apply
A few words about Monzo
Monzo is a UK online bank that started around 2015. Right now, they have close to 5 million users. You can only use the Monzo payment method with a mobile device. There is a mobile app available for iOS devices in the Apple Store and an Android mobile app available at the Google Play Store.
Setting up a Monzo account is free and easy. Once you have your account setup, you can add funds to your account directly from your bank account. One of the major advantages of using Monzo to make deposits at online casinos is that you do not usually have to provide any of your personal financial details to the casino.
Are there any casinos that accept Monzo?
When you find a Monzo casino that you are happy with, you will find that it is very easy to make deposits. It usually only takes a few minutes to add funds from your bank account to your Monzo account. There are usually no limits to how much you can transfer from your bank to your Monzo account.
When you have a Monzo account, they will send you a prepaid card that you can use. Once you have downloaded and installed the Monzo app on your mobile device, you will need to follow the instructions provided to open your account.
One of the things that you will need to do is to prove your identity to Monzo. They will insist that you create a video of yourself and send this to them in an appropriate video format. Once you have provided all of the information that Monzo requires from you to confirm your identity, it will usually take a day or two for your account to be confirmed.
What to look for with a Monzo casino
Unfortunately, there are not that many Monzo casinos available right now. When you do find one then it is essential that you check if they have a valid license. You never want to play at an unlicensed online casino as you will have no authority to appeal to if something goes wrong.
It is also a good idea to check to see if the Monzo casino you are interested in appears on any sites that have online casino blacklists. A further check of the Monzo casino can be made by checking out user forums.
You need to check what restrictions and limitations apply with a Monzo casino. It is important that you are aware that at the time of writing this guide, there is a £400 withdrawal limit with Monzo accounts.
Are the casino games that you want to play available at the Monzo casino? Also, check the support available and the security procedures that the casino has in place. In addition to this, you can see if the Monzo casino offers any bonuses for new players.
Making a deposit with Monzo
There is nothing difficult about making a deposit at an online casino using Monzo. Once your Monzo account is setup and you have added funds from your bank account, you will need to go to the “cashier” page of the Monzo casino.
Choose to make a deposit and then look for the Monzo payment option. You will need to enter the amount of your deposit (keep in mind the £400 withdrawal limit) that complies with the minimum and maximum deposit rules of the Monzo casino.
Now you will need to enter the details of your Monzo account and possibly supply other information that the Monzo casino requires. After this you will be requested to confirm the deposit transaction.
Making a deposit with Monzo is usually very fast and efficient. If you have the funds in your Monzo account you should see your balance at the Monzo casino with the deposit amount almost instantly. If there are any issues then check your Monzo account and speak with the Monzo casino support people.
Can you withdraw using your Monzo account?
It should be possible for you to make a withdrawal directly to your Monzo account from the online casino. We recommend that you check that any Monzo casino that you are interested in allows deposits using Monzo first.
When you want to make a withdrawal, you need to ensure that you verify it. Sometimes, there are free spins bonuses on offer when you sign up with a Monzo casino. If you win with free spins then usually there are some additional wagering requirements that you must undertake prior to making a withdrawal.
To make a withdrawal from a Monzo casino you will need to go to the “cashier page”. Select the withdrawal option and then locate the Monzo option. Enter the amount of the withdrawal that you want to make. After confirming everything, it depends on the policy of the Monzo casino how long the transaction will take.
Advantages and disadvantages of using Monzo casinos
There are some advantages and disadvantages to using Monzo as a deposit and withdrawal method for online casinos:
Monzo is a regulated bank in the United Kingdom and is part of the FSCS (financial services compensation scheme) which will keep your money safe
If you live in the UK, it is free to use your Monzo account for transactions
Setting up a Monzo account is easy and it should not take long to confirm your account
There are no credit checks necessary to setup s Monzo account
The Monzo mobile app has some useful features for managing your budget
Deposits and withdrawals are usually fast with a Monzo account
You can only use a Monzo account with an Android or iOS mobile device
There are not many Monzo casinos available – only in the UK
There is a withdrawal limit of £400 a day
When you make a deposit there is a £1 fee
Are there any fees with Monzo? It is not usual for a Monzo casino to charge any fees for deposits or withdrawals. You need to check that the Monzo casino that you want to use does not charge any transaction fees. Monzo will charge £1 for all deposits though. Most other services such as PayPal do not charge for this.
Yes, your Monzo account is regulated by the FCA in the UK. When you use your Monzo account as a payment method then it is unlikely that you will have to provide the casino with private financial details.
No, at the moment this is limited to online casinos that accept UK players.
Yes, you can check out the iCard for use with online casinos.
Yes, deposits usually occur almost instantly and withdrawals can be very fast as well.