Monzo introduces Split payments feature to remove the hassle of shared expenses

Editorial

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Monzo Split has been designed for both ongoing expenses such as household bills or group trips, and for settling one-off expenses like dinner or a shared taxi ride.

Users can create splits, invite participants, add expenses from various accounts and cards, and send reminders to ensure everyone stays on track. Customers on a paid plan can add payments directly from connected accounts, so everything can be automated.

Andy Smart, chief product officer at Monzo says: “We know that chasing your mates when they owe money can be awkward, but that shouldn’t mean that people miss out on getting paid back. We’ve all been there – trying to stay on top of costs on a group trip, managing ongoing household expenses or buying that round of drinks – and then awkwardly chasing people. Whether you’re a Monzo customer or not, we can take care of the tracking, the maths, and even the nudging, so you don’t have to.”