Software Alternatives, Accelerators & Startups

CurrencyFair VS Monzo

Compare CurrencyFair VS Monzo and see what are their differences

CurrencyFair logo CurrencyFair

No bank rip-offs transferring money internationally

Monzo logo Monzo

The bank of the future
  • CurrencyFair Landing page
    Landing page //
    2021-09-22
  • Monzo Landing page
    Landing page //
    2023-09-11

CurrencyFair videos

Transferwise vs CurrencyFair - Which One Is Better

More videos:

  • Review - Foreign Currency Exchange Easier, and CHEAPER?! [CurrencyFair] (2020) | Expats Everywhere
  • Review - CurrencyFair Review

Monzo videos

Monzo Review Update 2019 - One Year Later!

More videos:

  • Review - Monzo Review 2020 - All The Quirks And Features
  • Review - WHAT IS MONZO? - Monzo Bank Review 2020 | What I Love And Want To See Improve.

Category Popularity

0-100% (relative to CurrencyFair and Monzo)
Online Payments
17 17%
83% 83
Money Transfer
35 35%
65% 65
Payment Platform
16 16%
84% 84
Fintech
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare CurrencyFair and Monzo

CurrencyFair Reviews

Top 7 Wise Alternatives
Another cost you should be aware of is the receiving bank charges in countries where CurrencyFair doesn’t have a local bank account (they don’t have local bank accounts in Canada and New Zealand yet, so receiving CAD and NZD can be relatively expensive for smaller amounts as the receiving banks charge a fee usually $15 – $30).
Source: transumo.com

Monzo Reviews

We have no reviews of Monzo yet.
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Social recommendations and mentions

Based on our record, Monzo should be more popular than CurrencyFair. It has been mentiond 17 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

CurrencyFair mentions (7)

  • How to buy US based ETFs from outside of the US (SCHD, JEPI etc)
    They only support bank wire transfers or transfers via currencyfair which is cheaper and quicker than a bank transfer. Their conversion rate is really nice (at least for EUR/ USD) but you will be charged an extra 20$ per transaction because of a 3rd party bank that comes into play. Source: over 1 year ago
  • Foreign conversion rates
    Use either Currencyfair https://currencyfair.com/ or Wise https://wise.com/. I have used both and I have a slight preference for Currencyfair for one-off transfer. Source: almost 2 years ago
  • $$$ TOP AFFILIATE PROGRAMS 2022 $$$
    CurrencyFair -- Earn €20-200 Per Transfer -- https://currencyfair.com -- Finance. Source: about 2 years ago
  • Multi currency account ING
    I should be much cheaper for you if you use sites like wise.com or currencyfair.com or other similar. Also change rate in ING might be different for others. Source: over 2 years ago
  • Soon to be US-expat for the first time. Looking for any and all advice.
    In the Netherlands, many places do not accept credit cards. They accept Dutch debit cards, or cash. Cash is not commonly accepted either. It's weird, it's annoying, but I recommend applying for a debit card ASAP upon arrival. ING or ABNAMRO are the primary options, both suck, but it is what it is. The best rate for transferring money has been https://currencyfair.com/ imo. Source: over 2 years ago
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Monzo mentions (17)

  • Wise Account for UK Student in the US
    Not entirely relevant to your question but monzo have US accounts, https://monzo.com/us/. Source: 11 months ago
  • Sun's out, and so are our new features ☀️
    In case you missed it, our Monzo US website also got a makeover! We still have big plans to make it easier to find resources you need to make managing your money easy. Be sure to watch this space. 👀. Source: about 1 year ago
  • How do I cancel and close my account?
    If you can't log in the help email is at the bottom of the US homepage https://monzo.com/us/. Source: over 1 year ago
  • I can’t find a thread on One alternatives- is there one and if so can it be pinned 📌?
    I did some digging and found out that the most popular neobank, Monzo, in the UK came to the US and it seems incredibly promising! As a larger and more established Neobank, they are much less likely to sell out to big corporations (RIP Simple and One). They seem to have a lot of similar ideas One had and are even working on adding more, all based on live input from their users. The website is ... Source: over 1 year ago
  • Monzo + DAS Budget
    So basically check out https://dasbudget.com/features and https://monzo.com/us/. Combine all those features and consider that Monzo has a public API that allows DAS Budget to get instant transaction updates from it. Source: almost 2 years ago
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What are some alternatives?

When comparing CurrencyFair and Monzo, you can also consider the following products

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Revolut - The easiest, fastest way to save for your financial goals.

Valora - Send money like a text message to anyone worldwide

Monito - Comparison site for international money transfers

N26 - The Mobile Bank

CurrencyTransfer - Expedia for business money transfers