Ending your Monzo Perks membership made easy

What is Monzo Perks?

Monzo Perks is a subscription benefit programme offered by Monzo Bank, one of the UK's leading digital-only banks. First, let me explain what makes this different from standard banking services. Whilst your regular Monzo current account remains free, Perks is an optional add-on that gives you access to exclusive discounts and cashback deals with various partner brands.

The programme works by connecting your Monzo account to participating retailers and service providers. When you spend with these partners using your Monzo card, you automatically receive cashback or discounts. Think of it as a loyalty scheme specifically designed for Monzo customers who want to maximise their everyday spending.

Currently, Monzo Perks partners include well-known brands across different categories. You'll find offers from food delivery services like Deliveroo and Just Eat, entertainment platforms such as Audible and Disney+, travel companies including Booking.com, and lifestyle brands like Gousto and HelloFresh. The selection changes periodically as Monzo negotiates new partnerships and phases out others.

Most importantly, Perks is available to customers with Premium or paid Monzo accounts. It's not a standalone subscription you purchase separately—rather, it's bundled into higher-tier account packages. This bundling approach is precisely why many people find themselves wanting to cancel: they signed up for Premium features but don't actually use the Perks component enough to justify the cost.

How Monzo Perks differs from standard accounts

Your basic Monzo account gives you core banking features at no cost. You get a current account, debit card, instant spending notifications, budgeting tools, and fee-free spending in the UK. Perks sits on top of this foundation as part of premium account tiers.

The key distinction is that Perks requires an active paid account subscription. If you downgrade to a free Monzo account, you automatically lose access to Perks benefits. Additionally, the cashback and discounts only apply when you're actively subscribed—there's no retrospective benefit if you cancel and rejoin later.

Keep in mind that Monzo regularly updates which partners are included in Perks. What attracted you initially might not be available six months later. This fluidity is another common reason customers decide the subscription no longer offers value for money.

Plans, features and pricing

Understanding exactly what you're paying for is crucial before cancelling. Monzo Perks isn't sold as a standalone product, so let me break down how it fits into Monzo's account structure.

Account tiers and Perks access

The pricing structure means you're not just paying for Perks alone. When you subscribe to Premium or Metal, you're getting a bundle of features. This is important because you can't simply cancel Perks whilst keeping other Premium features—it's all or nothing.

What Perks actually offers

At the time of writing, Monzo Perks provides cashback percentages ranging from 2% to 15% depending on the partner. Some offers are time-limited promotions, whilst others are ongoing partnerships. You'll typically see categories including:

• Food delivery and meal kits (commonly 5-10% cashback)
• Streaming services and entertainment (usually 3-6 months free trials or discounted subscriptions)
• Travel and accommodation (typically 3-8% cashback)
• Shopping and lifestyle brands (varying percentages)
• Fitness and wellness services (often trial periods or percentage discounts)

Additionally, Monzo sometimes offers \