Monese offers instant European and UK checking accounts available online, and MasterCard debit card to businesses and individuals. Users can open a bank account in EUR, GBP, or RON currencies, and request and transfer funds in 19 currencies internationally. Its debit card can be used worldwide at ATMs, in-store, or online.
Monese offers instant European and UK checking accounts available online and MasterCard debit card to businesses and individuals. Users can open a bank account in EUR, GBP or RON currencies and request and transfer funds in 19 currencies internationally. Its debit card can be used worldwide at ATMs, in-store or online.
Services
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Personal IBAN
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Affiliate program
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Cashback
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SEPA
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Loyalty program
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Insurance
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Multicurrency account
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SWIFT
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Card
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Crypto
Details
2015
Yes
Yes
Yes
Yes
Български, Deutsch, Česky, English, Eesti, Español, Français, Italiano, Lietuvių, Polski, Português, Română, Português - (BR), Türkçe
Neobank
GBR, EEA
GBP
AEMI
Main info
Yes
No
Yes
No
0 EUR/year
Local transfers in and out: 0%
International transfers: 0 - 2,5%
Starter: 0 GBP/month
Classic: 5,95 GBP/month
Premium: 14,95 GBP/month
0 EUR/month
0 EUR
EU Customer Debit Card top-up: 0%
International Debit Card top-up: 0%
Sofort top-up: 2% per transaction
Cash top-up via Paysafecash (available for Monese EUR and RON Accounts only):
3.5% per Transaction (3 EUR / 15 lei minimum fee applies)
Post Office cash load (available for Monese GBP Account only: 3.50% (minimum 3 GBP)
PayPoint cash load (available for Monese GBP Account only): 3.50% (minimum 3 GBP)
Cashback cash withdrawal in store (available for Monese GBP Account only): Free
ATM
Currency exchange on using the Monese Card for ATM withdrawals in Pounds sterling, Euro, Romanian lei and Swedish krona: Mastercard wholesale exchange rate
Currency exchange on using the Monese Card for ATM other than Pounds sterling, Euro, Romanian lei and Swedish krona: Mastercard wholesale exchange rate plus 2% of the transaction value (minimum 2 EUR / 2 GBP / 8 lei on ATM withdrawals)
Send money to other Monese accounts instantly and for free — no matter the currency.
GBP, EUR, RON
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Your money is converted at the wholesale exchange rate. An adjustment fee of 1% of transaction value is applied on the weekends i.e. Friday 4pm GMT until Monday 6am GMT).
GBP, EUR, RON
Spend your money at selected retailers and travel companies to collect Avios. See everything you’ve earned, all accessible from within your app.
Build your credit score with Monese Credit Builder:
Improve your credit history for just £7.95 a month (Rep APR 28.2%)
If you’re looking for savings with interest,Monese can connect you through the Monese Hub with their partner Raisin, where you’ll be able to pick from a range of savings products where you can earn interest!
Make up to £30 for each new friend who joins and starts using Monese.
Affiliate program:
As a part of Monese affiliates program, you’ll get access to all the material you need to advertise Monese on your site or app.
Each time your efforts bring Monese a new customer, you’ll make money! The more customers that sign up because of you, the more money you’ll earn!
Card
Crypto
Money transfer
Business account
Yes
Yes
Yes
Personal account:
First card delivery: Free
Replacement cards: 0-9,90 GBP
Card spending in foreign currencies: 0-2%
Cash top-ups:
Starter: 3,5 %
Classic: free up to 400 GBP/month
Premium: free up to 1000 GBP/month
Business account: Free plus free first-time replacement
Foreign currency card spending: 0.5% fee per transaction
Prepaid
MasterCard
0 EUR/year
0 EUR
Personal account:
Starter: 1,5 GBP
Classic: free up to 500 GBP/month
Premium: free up to 1500 GBP/month
Business account: 6 FREE withdrawals per month, 1 GBP per withdrawal after
If you're looking to buy Bitcoin or other cryptocurrencies directly on the Monese banking platform, you are out of luck. You can however connect your Monese bank account to a regulated, licensed and secure cryptocurrency exchange like eToro, Paxful, etc.
Instantly up to 1 business day.
Yes
Yes
Yes
Yes
No
No
No
0 - 9,95 GBP/month
FREE and instant between Monese accounts
From 0.5% fee when sending to non-Monese accounts, 2 GBP minimum fee
At Post Office & PayPoint locations:
1 GBP each at Post Office and 2.5% at PayPoint (minimum 1 GBP)
Cashback cash withdrawal in store (available for Monese GBP Account only): Free
ATM
User Reviews
Not bad so far...
Just opened a new free account, super fast. Got the IBAN directly, no waiting or extra steps needed. We'll see how it goes from here, so far I can't complain, opening the account has been a breeze.
Terrible experience from doing a international transfer money did not arrive at the other end and both banks could not locate my money. Weeks of e mails to both banks passing the blame on each other neither would do a wire trace to find funds terrible experience and very stress for for me and also put me in a bad position with the business I was trying to pay
Great choice I did.Awesome idea, and still wondering why it did not existed earlier.I will recommend it !
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I have an open case at Monese, and more then 1000 Pounds in account.... The support team promised that the money was transfer back. Takes 57- fifty seven - phisical days! Every day I write a letter to support, but I do not get answers... When are you giving me my money back? Why take 57 days a normal transaction?
It was very easy ans quick to open the account and receive the card. Everything was on line. I think it is a bank of the future.
Excellent banking services It is easy to use the services, really I like it.
Love the app so far not had any problems and I loved that you don't pay for delivery till your card arrives safely well please
Absolutely horrid customer service don't help an constantly closing complaints saying resolved when asnt been, will not answer my questions just ignore them with sorry no explanation , been 4 weeks and still trying get answers just brushed off constantly, when call they tell you wait for email reply which either don't get or if do week later with resolved sorry , NOT RESOLVED ,TREATED DISGUSTINGLY ,IGNORED ,MIGHT AS WELL JUST PUSH ME UNDER A BUS WASTE OF TIME AVOID AVOID AVOID ,close your account without warning without actually good reason took them 3 weeks actually tell me closed account closed my parnters as well for no reason at all and when I tried speak prove with screen shots they no reason close my account or partners they just say sorry or try tell me my complaint is resolved , far from it , I wouldn't be surprised if just a robot no actual humans how poor the customer service is , can not answer any my actual questions, made my life so HARD work and actually lost money now 😡😡😡😡😡
Brilliant service! Quick and easy!
No problems so far. Card arrived promptly and it does what was expected.
Yes very good
So far has been good and service is great
Great Deal. Love it ??
My account is blocked before the card activation . Not good ! :(
easy, quick and simple
AVOID AT ALL COSTSTAKE THEIR FEES & CLOSE ACCOUNTS WITH NO NOTICE TOTAL WASTE OF TIME
I think it is the best choice for people who havent got proof of address... its difficult when when you move from one place to another.