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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.

Established

2013

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, US*(Brazil in a waiting list)

UK*(USA in a waiting list)

Regulation

FCA (UK)

no icon
yes icon

ECB (The Europiean Central Bank)

yes icon
no icon

Cifas

yes icon
no icon

PRA

no icon
yes icon

Other

BaFin (Germany)

no icon
Key Features in a nutshell

Current & Checking Account (Local & International)

yes icon

UK Only

Budgeting & Saving Plans

yes icon
yes icon

Online & Offline Payments

yes icon
yes icon

Direct Debits (Free)

yes icon

UK Only

Cash Withdrawals & Deposits (Local & International)

yes icon
yes icon

Cash Top-Ups

Germany Only

UK Only

Save up for a specific goal via sub-accounts

yes icon
yes icon

Withdraw and deposit cash for free at retail partners

Germany only

no icon

Web Version (Desktop)

yes icon

Freeze/Unfreeze Only

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)

Up to €100,000

Up to £85,000

Fees & charges

Free account

yes icon
yes icon

Monthly Fee

Premium plans from €9.90/m

no icon

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

no icon
no icon
Top-Up Methods

Bank transfer

yes icon
yes icon

Debit Card

yes icon

UK only

Cash

Germany, Austria, and Italy

UK Only

Cheque

no icon

UK Only

Sending & Receiving Options

Scheduled & Recurring Payments

yes icon
yes icon

Delivery Speed


0 – 2 business days (local)
5 – 7 business days (International)


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

Currencies

19

35

Mobile App

Languages available

5

yes icon

App UX

5/5

4.5/5

Mobile Adaptive Website

yes icon
yes icon

Spending Visual Statistics (Graphs)

yes icon
yes icon

Score

9.8
8.5
Overview

Established

2013

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, US*(Brazil in a waiting list)

UK*(USA in a waiting list)

Regulation

FCA (UK)

no icon
yes icon

ECB (The Europiean Central Bank)

yes icon
no icon

Cifas

yes icon
no icon

PRA

no icon
yes icon

Other

BaFin (Germany)

no icon
Key Features in a nutshell

Current & Checking Account (Local & International)

yes icon

UK Only

Budgeting & Saving Plans

yes icon
yes icon

Online & Offline Payments

yes icon
yes icon

Direct Debits (Free)

yes icon

UK Only

Cash Withdrawals & Deposits (Local & International)

yes icon
yes icon

Cash Top-Ups

Germany Only

UK Only

Save up for a specific goal via sub-accounts

yes icon
yes icon

Withdraw and deposit cash for free at retail partners

Germany only

no icon

Web Version (Desktop)

yes icon

Freeze/Unfreeze Only

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)

Up to €100,000

Up to £85,000

Fees & charges

Free account

yes icon
yes icon

Monthly Fee

Premium plans from €9.90/m

no icon

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

no icon
no icon
Top-Up Methods

Bank transfer

yes icon
yes icon

Debit Card

yes icon

UK only

Cash

Germany, Austria, and Italy

UK Only

Cheque

no icon

UK Only

Sending & Receiving Options

Scheduled & Recurring Payments

yes icon
yes icon

Delivery Speed


0 – 2 business days (local)
5 – 7 business days (International)


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

Currencies

19

35

Mobile App

Languages available

5

yes icon

App UX

5/5

4.5/5

Mobile Adaptive Website

yes icon
yes icon

Spending Visual Statistics (Graphs)

yes icon
yes icon
Score
9.8
8.5