Estimated customer growth of Monzo Bank 2018-2024

Published by Statista Research Department, Apr 16, 2024

Monzo is a UK-based digital bank that provides current accounts to individuals, limited companies and sole traders. The bank saw steady growth in its customer numbers between 2018 and 2023, hitting a milestone of 7.5 million customers in May 2023. If the bank continues its recent customer growth trend, it is estimated that its customer base will reach 9.5 million by December 2024. 

Estimated monthly customer growth of Monzo Bank from 2018 to 2024 (in millions)

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Release date

2024

Region

United Kingdom

Survey time period

February 2018 to December 2024

Supplementary notes

Figures have been estimated by Statista using customer milestones announced in annual reports. The last officially announced customer count was 7.5 million, announced in May 2023. Slight deviations from the officially announced numbers may occur, as the exact days and customer numbers are unknown. 

Previous customer counts announced by the bank include: 

  • Six million in March 2022
  • Five million in February 2021
  • 3.9 million in February 2020
  • Two million in February 2019
  • 750,000 in February 2018

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