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Monzo is shutting down its US operation, and its European banking licence explains why
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Monzo is shutting down its US operation, and its European banking licence explains why

Home/Technology/Monzo is shutting down its US operation, and its European banking licence explains why

In short: Monzo announced on 1 April 2026 that it is closing its US operations, stopping new American sign-ups immediately and shutting existing accounts by June, and cutting approximately 50 roles. The decision comes three months after the UK challenger bank received a full banking licence from the

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๐Ÿ“… Apr 5, 2026ยทโฑ 1 min readยทThe Next Web โ†—
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