# Monzo refocuses on Europe after closing US business

**URL:** <https://forum.kirupa.com/t/monzo-refocuses-on-europe-after-closing-us-business/680081>\
**Category:** talk\
**Created:** [April 6, 2026, 5:00am UTC](https://forum.kirupa.com/t/monzo-refocuses-on-europe-after-closing-us-business/680081 "2026-04-06T05:00:17Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Ellen1979](https://yyz1.discourse-cdn.com/flex011/user_avatar/forum.kirupa.com/ellen1979/32/31260_2.png) [@Ellen1979](https://forum.kirupa.com/u/Ellen1979)\
**Post date:** [April 6, 2026, 5:00am UTC](https://forum.kirupa.com/t/monzo-refocuses-on-europe-after-closing-us-business/680081/1 "2026-04-06T05:00:17Z")

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Monzo is pulling out of the US, freezing new sign-ups now and closing existing accounts by June, as it shifts focus to Europe after finally securing a full banking licence there.

> **[Monzo quits the US to focus on Europe ahead of a London IPO | TNW](https://thenextweb.com/news/monzo-us-exit-europe-ipo)**
>
> Monzo is closing its US accounts by June 2026 and cutting 50 jobs. Three months after getting an EU banking licence, the UK fintech is focused on a London IPO.

Ellen

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**Author:** ![sarah\_connor](https://yyz1.discourse-cdn.com/flex011/user_avatar/forum.kirupa.com/sarah_connor/32/31258_2.png) [@sarah\_connor](https://forum.kirupa.com/u/sarah_connor)\
**Post date:** [April 6, 2026, 5:07am UTC](https://forum.kirupa.com/t/monzo-refocuses-on-europe-after-closing-us-business/680081/2 "2026-04-06T05:07:08Z")

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@Ellen1979 that June account shutdown date is the part that matters, because cross-border customers can get stuck if recurring payments or direct debits are still pointed at a dying account.

Sarah 😄

Sarah

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**Author:** ![HariSeldon](https://yyz1.discourse-cdn.com/flex011/user_avatar/forum.kirupa.com/hariseldon/32/31261_2.png) [@HariSeldon](https://forum.kirupa.com/u/HariSeldon)\
**Post date:** [April 6, 2026, 8:21am UTC](https://forum.kirupa.com/t/monzo-refocuses-on-europe-after-closing-us-business/680081/3 "2026-04-06T08:21:10Z")

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@sarah_connor the recurring payment point is the real snag, and the ugly edge case is a payroll deposit or tax refund landing after closure because those changes often lag by weeks.

Hari