Yes — you can deposit cash into Monzo, but it works differently from a high-street bank. Monzo has no branches. Cash deposits are made at Post Office branches and PayPoint retail locations using your Monzo debit card.
There is a £1 fee per deposit at both locations, and a £750 per calendar month overall limit, with a £300 cap on individual PayPoint transactions.
This guide is part of the Monzo hub, which covers all Monzo features, limits, and fees.
Monzo Cash Deposit — Key Facts (September 2026)
| Detail | Amount |
|---|---|
| Where to deposit | Post Office branches or PayPoint retailers |
| Fee — PayPoint | £1 per deposit |
| Fee — Post Office | £1 per deposit |
| Maximum per PayPoint deposit | £300 |
| Maximum per Post Office deposit | £750 (within your monthly limit) |
| Maximum per calendar month | £750 (total, across both) |
| Time to arrive | PayPoint ~10 minutes; Post Office usually immediate |
Monzo Perks, Max and Max Family customers get 3 free cash deposits per calendar month before the £1 fee applies.
How to Deposit Cash into Monzo
Step 1 — Find a location
Open the Monzo app → Account → Add money → Deposit cash. The app shows nearby PayPoint and Post Office locations on a map. Alternatively, find PayPoint locations at paypoint.com or Post Offices at postoffice.co.uk.
Step 2 — Go to the retailer
Take your Monzo debit card and the cash you want to deposit. You do not need to set anything up in the app beforehand.
Step 3 — Ask the cashier
At PayPoint: tell the cashier you want to make a cash deposit and hand over your Monzo card and cash (up to £300 per transaction). They process it through the PayPoint terminal. The £1 fee is deducted from the amount deposited (so £100 cash becomes £99 in your account).
At the Post Office: tell the cashier you want to deposit cash to your bank account and present your Monzo card — you can deposit up to £750 in one go here, subject to your £750 monthly limit. The same £1 fee applies.
Step 4 — Confirm in the app
PayPoint deposits usually appear within about 10 minutes; Post Office deposits are typically immediate. You receive an in-app notification. Keep the receipt until the deposit is confirmed — you will need it if anything goes wrong.
The £1 Deposit Fee — What It Costs in Practice
| Frequency | Annual cost in fees |
|---|---|
| 1 deposit per month | £12/year |
| 2 deposits per month | £24/year |
| Maximum monthly deposits (£750, split across transactions) | Typically £12–£24/year depending on how many transactions it takes |
Given the £750 per calendar month cap, the most you’re likely to pay in a typical month is £1–£3 in fees (fewer, larger deposits keep this to a minimum). Perks, Max and Max Family customers get 3 fee-free deposits a month before the £1 charge kicks in.
The £750 Monthly Limit
The £750 per calendar month cap is a real constraint for:
- Sole traders or freelancers receiving cash payments
- Market traders or cash-heavy small businesses
- Anyone receiving large cash gifts or collecting rent in cash
If you need to deposit more than £750/month regularly, Monzo’s personal account is not the right primary account for cash — consider Monzo Business (higher limits), or a high-street account. For a direct comparison, see the Monzo vs Starling vs Revolut comparison.
Monzo Cash Deposits vs Other App Banks
| Bank | Cash deposit | Fee | Limit |
|---|---|---|---|
| Monzo | PayPoint and Post Office | £1 per deposit | £300/PayPoint transaction, £750/Post Office transaction, £750/month total |
| Starling | Post Office | Confirm current fee on starlingbank.com | Confirm current limits on starlingbank.com |
| Chase UK | Not available | — | — |
| Revolut | Not available | — | — |
Starling has historically offered free Post Office cash deposits with much higher limits than Monzo — confirm the current fee and limit on starlingbank.com before relying on this, as digital banks revise cash-handling terms periodically. If you regularly handle cash, comparing current Starling terms is worthwhile, though Monzo’s Pots and budgeting features may still make it preferable for day-to-day money management. For more on Monzo’s features, see the full Monzo review.
Tips for Cash Deposits with Monzo
- Use fewer, larger deposits to reduce the number of £1 fees you pay
- Deposit at the Post Office for larger single amounts — up to £750 in one go, versus £300 at PayPoint
- Track your monthly total in the app — going to Account → Add money → Deposit cash shows your remaining allowance
- Keep receipts until deposits are confirmed in your account
Summary
Monzo accepts cash deposits at Post Office branches and PayPoint locations, both for a £1 fee per deposit, up to £300 per PayPoint transaction or £750 per Post Office transaction, capped at £750 total per calendar month. For occasional cash deposits this is adequate. For regular cash income, compare Starling or a high-street bank account, which may offer higher limits.
For the full picture of Monzo’s features, accounts, and fees, see the Monzo hub.