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 | 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 |