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.
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Established |
2015 |
2015 |
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Trustpilot Rating |
Excellent
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Great
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Available for Registration From |
UK, EU |
UK, EU, AU |
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Regulation
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FCA (UK) |
 |
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ECB (The Europiean Central Bank) |
 |
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Cifas |
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PRA |
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Key Features in a nutshell
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Current & Checking Account (Local & International) |
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Budgeting & Saving Plans |
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Online & Offline Payments |
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Direct Debits (Free) |
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Cash Withdrawals & Deposits (Local & International) |
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Cash Top-Ups |
UK Only |
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Save up for a specific goal via sub-accounts |
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No Proof of Address or Credit History Required |
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Withdraw and deposit cash for free at retail partners |
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Apple & Google Pay |
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Safety
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Two-factor payment authentication |
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Information stored in a secure data center |
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Fingerprint login |
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Segregated customer accounts |
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Card locking from within the App |
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Deposit protection (Loss compensation guarantee) |
100% balance reimbursement |
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Fees & charges
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Free account |
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Monthly Fee |
Premium plans from €/£4.95/m |
Premium plans from €/£6.99/m |
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Exchange Rate |
Low, Interbank rate |
Low, Interbank rate |
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Direct Debits |
Free |
€/£1 fee |
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Savings interest |
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Free payments in any currency |
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International transfer fee |
0 – 2%, depending on the pricing plan |
€/£5,000 each month for free, after: €/£0.5 |
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Top-Up Methods
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Bank transfer |
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Debit Card |
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UK only |
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Cash |
UK only |
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Cheque |
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Sending & Receiving Options
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Scheduled & Recurring Payments |
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Delivery Speed |
|
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Currencies |
20 |
29 |
|
Mobile App
|
||
|
Languages available |
14 |
7 |
|
App UX |
5/5 |
4.5/5 |
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Mobile Adaptive Website |
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|
|
Spending Visual Statistics (Graphs) |
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|
Score |
9.1 |
8.8 |
|
Overview
|
|
|
Established |
|
|
2015 |
2015 |
|
Trustpilot Rating |
|
|
Excellent
|
Great
|
|
Available for Registration From |
|
|
UK, EU |
UK, EU, AU |
|
Regulation
|
|
|
FCA (UK) |
|
|
|
|
|
ECB (The Europiean Central Bank) |
|
|
|
|
|
Cifas |
|
|
|
|
|
PRA |
|
|
|
|
|
Key Features in a nutshell
|
|
|
Current & Checking Account (Local & International) |
|
|
|
|
|
Budgeting & Saving Plans |
|
|
|
|
|
Online & Offline Payments |
|
|
|
|
|
Direct Debits (Free) |
|
|
|
|
|
Cash Withdrawals & Deposits (Local & International) |
|
|
|
|
|
Cash Top-Ups |
|
|
UK Only |
|
|
Save up for a specific goal via sub-accounts |
|
|
|
|
|
No Proof of Address or Credit History Required |
|
|
|
|
|
Withdraw and deposit cash for free at retail partners |
|
|
|
|
|
Apple & Google Pay |
|
|
|
|
|
Safety
|
|
|
Two-factor payment authentication |
|
|
|
|
|
Information stored in a secure data center |
|
|
|
|
|
Fingerprint login |
|
|
|
|
|
Segregated customer accounts |
|
|
|
|
|
Card locking from within the App |
|
|
|
|
|
Deposit protection (Loss compensation guarantee) |
|
|
100% balance reimbursement |
|
|
Fees & charges
|
|
|
Free account |
|
|
|
|
|
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 |
|
|
|
|
|
Free payments in any currency |
|
|
|
|
|
International transfer fee |
|
|
0 – 2%, depending on the pricing plan |
€/£5,000 each month for free, after: €/£0.5 |
|
Top-Up Methods
|
|
|
Bank transfer |
|
|
|
|
|
Debit Card |
|
|
|
UK only |
|
Cash |
|
|
UK only |
|
|
Cheque |
|
|
|
|
|
Sending & Receiving Options
|
|
|
Scheduled & Recurring Payments |
|
|
|
|
|
Delivery Speed |
|
|
|
|
|
Currencies |
|
|
20 |
29 |
|
Mobile App
|
|
|
Languages available |
|
|
14 |
7 |
|
App UX |
|
|
5/5 |
4.5/5 |
|
Mobile Adaptive Website |
|
|
|
|
|
Spending Visual Statistics (Graphs) |
|
|
|
|
|
Score
|
|
|
9.1 |
8.8 |