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Monese Vs. Revolut

Monese VS Revolut. Which is better? Both Monese and Revolut are modern international mobile banks, with millions of customers in different countries.

Both offer a modern and highly technological approach to banking via handy smartphone apps and save a lot of time and money for the users. Both Revolut and Monese are headquartered in London and fit just fine for local or Pan-European use.

The crucial difference is although Revolut is authorized for financial operations by the UK’s FCA, it has no “bank” status, unlike Monese, thus the Revolut customer’s money is not covered by the Financial Services Compensation Scheme.

Established

2015

2015

Trustpilot Rating

Excellent
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Great
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star

Available for Registration From

UK, EU

UK, EU, AU

Regulation

FCA (UK)

yes icon
yes icon

ECB (The Europiean Central Bank)

no icon
no icon

Cifas

yes icon
no icon

PRA

yes icon
no icon
Key Features in a nutshell

Current & Checking Account (Local & International)

yes icon
yes icon

Budgeting & Saving Plans

yes icon
yes icon

Online & Offline Payments

yes icon
yes icon

Direct Debits (Free)

yes icon
yes icon

Cash Withdrawals & Deposits (Local & International)

yes icon
yes icon

Cash Top-Ups

UK Only

no icon

Save up for a specific goal via sub-accounts

yes icon
yes icon

No Proof of Address or Credit History Required

yes icon
no icon

Withdraw and deposit cash for free at retail partners

no icon
no icon

Apple & Google Pay

yes icon
yes icon
Safety

Two-factor payment authentication

yes icon
yes icon

Information stored in a secure data center

yes icon
yes icon

Fingerprint login

yes icon
yes icon

Segregated customer accounts

yes icon
yes icon

Card locking from within the App

yes icon
yes icon

Deposit protection (Loss compensation guarantee)

100% balance reimbursement

no icon
Fees & charges

Free account

yes icon
yes icon

Monthly Fee

Premium plans from €/£4.95/m

Premium plans from €/£6.99/m

Exchange Rate

Low, Interbank rate

Low, Interbank rate

Direct Debits

Free

€/£1 fee

Savings interest

no icon
no icon

Free payments in any currency

yes icon
yes icon

International transfer fee

0 – 2%, depending on the pricing plan

€/£5,000 each month for free, after: €/£0.5

Top-Up Methods

Bank transfer

yes icon
yes icon

Debit Card

yes icon

UK only

Cash

UK only

no icon

Cheque

no icon
no icon
Sending & Receiving Options

Scheduled & Recurring Payments

yes icon
yes icon

Delivery Speed


0 – 2 business days (local)
3 – 5 business days (International)


1 – 2 business days (local)
5 – 9 business days (International)

Currencies

20

29

Mobile App

Languages available

14

7

App UX

5/5

4.5/5

Mobile Adaptive Website

yes icon
yes icon

Spending Visual Statistics (Graphs)

yes icon
yes icon

Score

9.1
8.8
Overview

Established

2015

2015

Trustpilot Rating

Excellent
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
Great
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star
  • Trustpilot Star

Available for Registration From

UK, EU

UK, EU, AU

Regulation

FCA (UK)

yes icon
yes icon

ECB (The Europiean Central Bank)

no icon
no icon

Cifas

yes icon
no icon

PRA

yes icon
no icon
Key Features in a nutshell

Current & Checking Account (Local & International)

yes icon
yes icon

Budgeting & Saving Plans

yes icon
yes icon

Online & Offline Payments

yes icon
yes icon

Direct Debits (Free)

yes icon
yes icon

Cash Withdrawals & Deposits (Local & International)

yes icon
yes icon

Cash Top-Ups

UK Only

no icon

Save up for a specific goal via sub-accounts

yes icon
yes icon

No Proof of Address or Credit History Required

yes icon
no icon

Withdraw and deposit cash for free at retail partners

no icon
no icon

Apple & Google Pay

yes icon
yes icon
Safety

Two-factor payment authentication

yes icon
yes icon

Information stored in a secure data center

yes icon
yes icon

Fingerprint login

yes icon
yes icon

Segregated customer accounts

yes icon
yes icon

Card locking from within the App

yes icon
yes icon

Deposit protection (Loss compensation guarantee)

100% balance reimbursement

no icon
Fees & charges

Free account

yes icon
yes icon

Monthly Fee

Premium plans from €/£4.95/m

Premium plans from €/£6.99/m

Exchange Rate

Low, Interbank rate

Low, Interbank rate

Direct Debits

Free

€/£1 fee

Savings interest

no icon
no icon

Free payments in any currency

yes icon
yes icon

International transfer fee

0 – 2%, depending on the pricing plan

€/£5,000 each month for free, after: €/£0.5

Top-Up Methods

Bank transfer

yes icon
yes icon

Debit Card

yes icon

UK only

Cash

UK only

no icon

Cheque

no icon
no icon
Sending & Receiving Options

Scheduled & Recurring Payments

yes icon
yes icon

Delivery Speed


0 – 2 business days (local)
3 – 5 business days (International)


1 – 2 business days (local)
5 – 9 business days (International)

Currencies

20

29

Mobile App

Languages available

14

7

App UX

5/5

4.5/5

Mobile Adaptive Website

yes icon
yes icon

Spending Visual Statistics (Graphs)

yes icon
yes icon
Score
9.1
8.8