Monzo Integrates with Energy Providers

Users of digital banking startup Monzo can now switch energy providers straight from the Monzo app following an integration with OVO Energy and Octopus Energy.

Quotes are presented through the app after users provide details about their home and type of meter. For a more accurate quote, users can also provide energy usage details. Users then choose to pay from their personal or joint accounts, and Monzo sends the information to the chosen supplier to handle the switch.

Users that aren’t ready to switch can set a reminder to review their energy tariff when the time’s right, so they don’t forget when their existing contract expires. And once users switch, Monzo will keep an eye on the energy market and let users know if anything changes to ensure they get a fair deal.

Bottom Line: Yolt and MoneySuperMarket come to mind.