diff --git a/homeassistant/components/monzo/manifest.json b/homeassistant/components/monzo/manifest.json
index 8dd084e2b95..0737852eff1 100644
--- a/homeassistant/components/monzo/manifest.json
+++ b/homeassistant/components/monzo/manifest.json
@@ -6,5 +6,5 @@
   "dependencies": ["application_credentials"],
   "documentation": "https://www.home-assistant.io/integrations/monzo",
   "iot_class": "cloud_polling",
-  "requirements": ["monzopy==1.1.0"]
+  "requirements": ["monzopy==1.2.0"]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index d40549c27cd..3e48cce9bf9 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1332,7 +1332,7 @@ moat-ble==0.1.1
 moehlenhoff-alpha2==1.3.0
 
 # homeassistant.components.monzo
-monzopy==1.1.0
+monzopy==1.2.0
 
 # homeassistant.components.mopeka
 mopeka-iot-ble==0.7.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 70edd7c6ff0..92a04761929 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1074,7 +1074,7 @@ moat-ble==0.1.1
 moehlenhoff-alpha2==1.3.0
 
 # homeassistant.components.monzo
-monzopy==1.1.0
+monzopy==1.2.0
 
 # homeassistant.components.mopeka
 mopeka-iot-ble==0.7.0