Monzo and Starling are the UK's two most trusted digital challenger banks — both fully FCA-regulated with FSCS deposit protection up to £85,000. The choice between them is close.
Monzo is a fully licensed UK bank regulated by the PRA and FCA, with deposits FSCS protected up to £85,000. With over 9 million customers and profitability achieved in 2023, Monzo is one of the most trusted and feature-rich digital banking options in the UK.
Starling Bank is widely regarded as the UK's best digital bank. It holds a full banking licence, is dual-regulated by the PRA and FCA, deposits are FSCS protected up to £85,000, and it was the first UK digital bank to achieve sustained profitability. One of the safest banking choices available.