Banking app to offer energy switching

Online bank Monzo has added an energy switching service to its app – although the switching options are currently limited to Ovo Energy and Octopus Energy.

Users can enter information about their home to get quotes, then choose a tariff and switch through the  app. They can also set a reminder for when their current contract ends, and Monzo will notify them when it’s time to consider reviewing their contract.

Tom Blomfield, chief executive and cofounder of Monzo, which now claims 1.9 users of its current account, said: “We want to help take the hassle out of finding a fair deal, and switching suppliers when you do. By working with Octopus Energy and OVO Energy, Monzo customers will be able to conveniently access fair energy tariffs that come with quality customer service.”