When Is Monies Correct?

Both are correct, but, according to my research, “monies” is the more modern spelling. Whichever way you spell it, the plural of “money” is used almost exclusively in formal business contexts. Although “money” has this special plural form, it is still not a countable noun. A money, one money, or two monies etc.

When would you use the word monies?

For example, they use “monies” to describe funds that are coming from multiple sources, so by saying “federal monies” you're showing that it's coming from more than one pot of federal money. It's standard in legal and financial writing to use “monies” to describe “discrete sums of money.”

Is monies a correct word?

Correct Spelling

Moneys naturally follows that pattern. Some usage critics decry the spelling monies because it encourages a pronunciation akin to the plural nouns ponies or cronies, as though the singular noun were actually spelled mony. These days, however, monies is in fact the more common spelling.