We review the best Monzo betting sites in April 2024, check out all the information you need today.
Monzo is an online bank that opened in 2015 and has more than 5 million customers in the UK. It is now proving a popular betting payment method.
Many people are therefore now looking to deposit at online bookmakers using their Monzo accounts, as it continues to expand and gain popularity for ease of use.
In this guide, we have delved deep to find the UK’s top-rated Monzo betting sites for horse racing and online gambling.
Bet365.com allows payments made through Monzo which are free and instant deposits
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. #AD Registration required.
PaddyPower betting app has a wide choice of payment options, including a Monzo debit card
New customers only. Place your FIRST bet on any market at odds of min 2.0 (EVS) and if it loses we will refund your stake in CASH. Max refund for this offer is £20. #AD Only deposits made using cards will qualify for this promotion.
Unibet Betting App is a top UK online sportsbook that will accept funds using Monzo payments
Unibet offers a wide choice of other banking options as well as money-back bonuses. Online betting withdrawals to Monzo.com or the Monzo banking app are a popular choice for punters. #AD
Monzo is an accepted bank in the instant banking tab for both cashouts and deposits on mrplay.com betting account
To deposit funds using your Monzo card you need to access it through the “Instant Banking” tab. 18+ terms and conditions apply. Adding money via Monzo is seen as a trusted and safe payment gateway. #AD
Betway accepts most debit cards when betting online and Monzo makes the list of trusted payment methods.
Monzo provides a fast and efficient depositing and withdrawing option for paying out winners. Download Betway Racing & Sports Betting and enjoy it on the go. #AD
You can use Monzo debit account for any kind of betting with the LeoVegas online bookmaker.
Download the official LeoVegas app and have the ability to connect debit cards, credit cards and prepaid debit cards to your Monzo. Depositing via Monzo is a fast, secure and trusted payment option on iPhone smartphones and iPad tablet devices. #AD
Parimatch allows you do deposit and withdraw funds using your Monzo debt card when betting online.
18+ New customers only. Customers who are betting online have the ability to use Monzo for deposits and withdrawals. Card payments only. | begambleaware.org | Please gamble responsibly. #AD
Monzo is accepted as a deposit payment and withdrawal method for William Hill betting online.
18+. Free bets are credited after settlement of the first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, and Monzo payment method is accepted for safe deposits and trusted withdrawals. #AD
Monzo is an app-based bank account in the UK that offers the same features as other bank accounts.
In addition to its prepaid debit card and mobile app, Monzo has been providing its clients with a deposit account since 2017.
These features include interest on savings, overdrafts, budgeting tools, and a debit card for online and in-person purchases.
A Monzo account allows you to pay with a card, receive money into it, and make bank transfers. Even though there are no branches, Monzo functions like any other bank account.
As with any UK bank, you’ll have an account number, a sort code, and a debit card to make purchases and get cash from ATMs.
What Are The Costs Of Monzo?
If you stick with the basic account, Monzo is free with no annual charge and no fees for online or offline card transactions. Naturally, you will be charged interest if you overdraw your account.
The Monzo Plus and Monzo Premium account come with a small monthly fee and extra perks. Even better, you can make free withdrawals of up to £200 every 30 days while travelling.
Monzo Plus and Monzo Premium allow you to make bigger withdrawals. If you withdraw more than your free allowance, there will be a minor fee.
How Do I Deposit into My Betting Account Using Monzo?
Using your Monzo debit card to deposit into your sports betting account is the most straightforward option.
Log in to your online betting account.
Select Monzo as your preferred payment method on the deposit page.
Enter Deposit ammout.
Authorise the transfer of funds using the sort code and account number.
As with any typical bank account, you can also use a bank transfer.
How to Withdraw Using Monzo
At some bookmakers, you can ask for money withdrawals to be transferred into your account or put back on your Monzo card.
You will need your sort code and account number to withdraw straight to your Monzo account.
Benefits Of Using Monzo For Betting
Monzo makes it quick and simple to add money to your betting account. Deposits are quick, and there are typically no costs.
You will typically discover that your deposit qualifies for the welcome bonus or free bet credits because you can use your Monzo debit card, as opposed to other methods of payment, which sometimes do not.
Additionally, Monzo offers an in-app gambling block, allowing you to limit your gambling if you feel like it is out of control. Before you do this, you can also contact customer care to learn more about how it functions and to get extra help if necessary.
Drawbacks Of Monzo For Betting
The main drawback of using Monzo for betting is that you will have to put your card or bank details into the betting site. This is the same when using any debit card or bank account for betting.
You will not have to do this when you use e-wallets or third-party payment processors.
Is Monzo Safe For Online Betting?
Most of the time, paying with Monzo is safe because most reputable betting sites have good payment security.
If you would rather not enter your payment information, look at one of our top payment gateways.
Check out our best Monzo betting sites listed above to ensure you visit a trusted horse racing betting site.
Popular Questions
Can you use Monzo for betting?
You can use Monzo at any online betting site which allows you to deposit funds using a debit card.
Monzo doesn’t block payments to gambling companies as a default, instead allowing customers to turn on the block by using the Monzo app.
What is a Monzo gambling block?
A Monzo gambling block is an optional tool that you can apply to your account in the Monzo app.
Every time you spend money with a gambling operator, the transaction is tagged with a gambling merchant category code (MCC).
When you turn the gambling block on, we decline any gambling transactions before they go through.
Can Monzo turn the gambling block off?
If you are looking for Monzo unblock gambling feature you need to speak to Monzo’s customer support team.
If Gambling Block is enabled on your Monzo card Monzo support will ask questions like “Has your gambling situation changed since you first switched on the restrictions?” to help you think through your reasons for turning it off.
How Do You Activate The Monzo Gambling Block?
To activate a Monzo gambling block, select “Controls” under “Settings” on the Monzo app. When you are inside, you will see a choice to ban payments for gambling on your card. Then, all you have to do is turn on this function. You will have to wait 48 hours before you can turn it off again.
Does Monzo Have A Banking License?
Monzo has a banking license in the UK that it received in April 2017. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) both have regulatory authority over the bank.
Summary of Monzo Betting Sites Payments
Monzo is a great way to bet online, especially since you can use your Monzo debit card to get the welcome bonus at many betting sites.
Monzo has generated a lot of buzz among punters. One reason a bettor might use Monzo for online payments is that there are no costs, withdrawals happen practically instantly, and almost all online bookies accept it.
But we can’t ignore the fact that Monzo doesn’t like taking payments for gambling, just like every other fintech company. As a result, additional verification may be required, and your account might be temporarily suspended.
Monzo can be a helpful payment option for beginner users and is taking the betting industry by storm. However, we advise high-stakes gamblers to use a wallet like Skrill or Neteller.
Other Betting Payment Methods
Our team has reviewed other betting payment methods for horse race betting. Check out our latest posts below on these other payment methods updated on April 2024 :
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Bet365.com allows payments made through Monzo which are free and instant deposits
PaddyPower betting app has a wide choice of payment options, including a Monzo debit card
Payments with Monzo, or any other debit card, are accepted at Coral betting site
You can make Monzo payments at Betfred.com or monzo.com deposits to the Betfred betting app via the wallet
888sport.com accept payments through Monzo, among many other deposit methods.
Unibet Betting App is a top UK online sportsbook that will accept funds using Monzo payments
Ladbrokes offers customers a good range of deposit methods and Monzo payments are a popular choice for UK bettors online
Monzo deposits are accepted as debits cards are a trusted payment method with Boylesports bookmaker
Monzo is an accepted bank in the instant banking tab for both cashouts and deposits on mrplay.com betting account
Betway accepts most debit cards when betting online and Monzo makes the list of trusted payment methods.
Parimatch allows you do deposit and withdraw funds using your Monzo debt card when betting online.
Spreadex accepts Monzo payments when betting online and makes our top-rated Monzo Betting websites list.
Virgin Bet accepts the secure Monzo payment method for online gambling and horse racing betting.
Monzo is accepted as a deposit payment and withdrawal method for William Hill betting online.
