Summary

Monese provides a mobile-first banking alternative for individuals and businesses, enabling multi-currency accounts, international money transfers, and spending with a contactless debit card. The platform focuses on ease of use, transparent pricing, and accessibility for those needing international financial services.

Features
11/15
See all

Must Have

5 of 5

Mid-Market Exchange Rate Transfers

Transparent Low Fees

Multi-Currency Account

Borderless Debit Card

Fast Transfer Execution

Other

6 of 10

Business Account Features

Invoice Creation

Spending Analytics

Mobile App

Regulatory Compliance

Customer Support

Batch Payments

API Integration

Real-Time Rate Alerts

Multi-User Access

Pricing
Subscription
See all

Simple

£0.00 monthly
  • Instant Monese to Monese transfers
  • Account in GBP, EUR and/or RON
  • PayPal account integration
  • Avios account integration
  • Money pots with round-up feature
  • Access your account with the Monese mobile app
  • Multilingual customer support
  • 2% fee on international transfers, additional 1% fee on weekends
  • £1 per outbound local transfer
  • 2% per withdrawal on ATM withdrawals
  • 3.5% fee on cash top-ups
  • £4.95 for first card delivery
  • 2% per transaction on card spending in foreign currencies
  • £0.30 per virtual debit card
  • 1% per debit card top-up

Classic

£7.95 monthly
  • Instant Monese to Monese transfers
  • International transfers from 0.5% fee
  • FREE local transfers in and out
  • Recurring payments and direct debits
  • Holographic edging card
  • £500 FREE monthly ATM withdrawals
  • £400 FREE monthly cash top-ups
  • Account in GBP, EUR and/or RON
  • PayPal account integration
  • Avios account integration
  • Money pots with round-up feature
  • Access your account with the Monese mobile app
  • Multilingual customer support
  • Subject to currency exchange fee on international transfers
  • £4.95 for replacement cards
  • 0.5% per transaction on card spending in foreign currencies
  • FREE debit card top-ups

Premium

£14.95 monthly
  • Instant Monese to Monese transfers
  • FREE International transfers
  • FREE local transfers in and out
  • Recurring payments and direct debits
  • Premium card
  • £1,500 FREE monthly ATM withdrawals
  • £1,000 FREE monthly cash top-ups
  • Account in GBP, EUR and/or RON
  • PayPal account integration
  • Avios account integration
  • Money pots with round-up feature
  • Access your account with the Monese mobile app
  • Priority customer support access
  • Subject to currency exchange fee on international transfers
  • FREE replacement cards
  • FREE card spending in foreign currencies
  • FREE debit card top-ups
Rationale

Monese offers a digital money account that allows users to send and receive money internationally, hold multiple currencies, and use a debit card for spending abroad. They emphasize transparent fees and good exchange rates, aligning with the core value proposition of Wise. The website explicitly mentions features like multi-currency accounts, international transfers with 'excellent international exchange rates' and 'no extra markup fees' (though specific mid-market rate is not always explicitly stated, it's implied by 'wholesale exchange rates' and 'no extra markup fees'), transparent fees, a contactless debit card for international spending, and fast transfers. They also offer business accounts with invoicing and spending tracking, and have a mobile app with multilingual customer support and security features.