N26 Vs. Monzo
Monzo VS N26. Which is better? Both Monzo and N26 are fully regulated and well-trusted 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. While headquartered in Berlin N26 fit just fine for most European countries, Monzo is limited for UK residents and spending in GBP.
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Established |
2013 |
2015 |
|
Trustpilot Rating |
Excellent
|
Great
|
|
Available for Registration From |
UK, EU, US*(Brazil in a waiting list) |
UK*(USA in a waiting list) |
|
Regulation
|
||
|
FCA (UK) |
 |
 |
|
ECB (The Europiean Central Bank) |
|
|
|
Cifas |
|
|
|
PRA |
|
|
|
Other |
BaFin (Germany) |
|
|
Key Features in a nutshell
|
||
|
Current & Checking Account (Local & International) |
|
UK Only |
|
Budgeting & Saving Plans |
|
|
|
Online & Offline Payments |
|
|
|
Direct Debits (Free) |
|
UK Only |
|
Cash Withdrawals & Deposits (Local & International) |
|
|
|
Cash Top-Ups |
Germany Only |
UK Only |
|
Save up for a specific goal via sub-accounts |
|
|
|
Withdraw and deposit cash for free at retail partners |
Germany only |
|
|
Web Version (Desktop) |
|
Freeze/Unfreeze Only |
|
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) |
Up to €100,000 |
Up to £85,000 |
|
Fees & charges
|
||
|
Free account |
|
|
|
Monthly Fee |
Premium plans from €9.90/m |
|
|
Exchange Rate |
Low, Interbank rate |
Low, Interbank rate |
|
Direct Debits |
Free |
£1 fee |
|
Savings interest |
Up to 1.48% interest on saving account (Germany & Austria) |
Up to 1.55% interest on savings over £1,000 (UK only) |
|
Card delivery fee |
|
|
|
Top-Up Methods
|
||
|
Bank transfer |
|
|
|
Debit Card |
|
UK only |
|
Cash |
Germany, Austria, and Italy |
UK Only |
|
Cheque |
|
UK Only |
|
Sending & Receiving Options
|
||
|
Scheduled & Recurring Payments |
|
|
|
Delivery Speed |
|
|
|
Currencies |
19 |
35 |
|
Mobile App
|
||
|
Languages available |
5 |
|
|
App UX |
5/5 |
4.5/5 |
|
Mobile Adaptive Website |
|
|
|
Spending Visual Statistics (Graphs) |
|
|
|
Score |
9.8 |
8.5 |
|
Overview
|
|
|
Established |
|
|
2013 |
2015 |
|
Trustpilot Rating |
|
|
Excellent
|
Great
|
|
Available for Registration From |
|
|
UK, EU, US*(Brazil in a waiting list) |
UK*(USA in a waiting list) |
|
Regulation
|
|
|
FCA (UK) |
|
|
|
|
|
ECB (The Europiean Central Bank) |
|
|
|
|
|
Cifas |
|
|
|
|
|
PRA |
|
|
|
|
|
Other |
|
|
BaFin (Germany) |
|
|
Key Features in a nutshell
|
|
|
Current & Checking Account (Local & International) |
|
|
|
UK Only |
|
Budgeting & Saving Plans |
|
|
|
|
|
Online & Offline Payments |
|
|
|
|
|
Direct Debits (Free) |
|
|
|
UK Only |
|
Cash Withdrawals & Deposits (Local & International) |
|
|
|
|
|
Cash Top-Ups |
|
|
Germany Only |
UK Only |
|
Save up for a specific goal via sub-accounts |
|
|
|
|
|
Withdraw and deposit cash for free at retail partners |
|
|
Germany only |
|
|
Web Version (Desktop) |
|
|
|
Freeze/Unfreeze Only |
|
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) |
|
|
Up to €100,000 |
Up to £85,000 |
|
Fees & charges
|
|
|
Free account |
|
|
|
|
|
Monthly Fee |
|
|
Premium plans from €9.90/m |
|
|
Exchange Rate |
|
|
Low, Interbank rate |
Low, Interbank rate |
|
Direct Debits |
|
|
Free |
£1 fee |
|
Savings interest |
|
|
Up to 1.48% interest on saving account (Germany & Austria) |
Up to 1.55% interest on savings over £1,000 (UK only) |
|
Card delivery fee |
|
|
|
|
|
Top-Up Methods
|
|
|
Bank transfer |
|
|
|
|
|
Debit Card |
|
|
|
UK only |
|
Cash |
|
|
Germany, Austria, and Italy |
UK Only |
|
Cheque |
|
|
|
UK Only |
|
Sending & Receiving Options
|
|
|
Scheduled & Recurring Payments |
|
|
|
|
|
Delivery Speed |
|
|
|
|
|
Currencies |
|
|
19 |
35 |
|
Mobile App
|
|
|
Languages available |
|
|
5 |
|
|
App UX |
|
|
5/5 |
4.5/5 |
|
Mobile Adaptive Website |
|
|
|
|
|
Spending Visual Statistics (Graphs) |
|
|
|
|
|
Score
|
|
|
9.8 |
8.5 |