Software Alternatives & Reviews

Monzo VS Wise

Compare Monzo VS Wise and see what are their differences


The bank of the future

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

Monzo details

Categories
Online Payments Payment Platform Recurring Billing
Website monzo.com  

Wise details

Categories
Online Payments Money Transfer International Money Transfers Currency Exchange
Website wise.com  

Monzo videos

Monzo Review Update 2019 - One Year Later!

More videos:

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

Wise videos

TransferWise Review - 3 Must Knows (2020)

More videos:

  • - TransferWise in detail
  • - Transferwise Review

Category Popularity

0-100% (relative to Monzo and Wise)
17
17%
83%
83
0
0%
100%
100
100
100%
0%
0

Reviews

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

Monzo Reviews

We have no reviews of Monzo yet.
Be the first one to post

Wise Reviews

Best money transfer apps of 2021
TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...
Top 7 Wise Alternatives
Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).
Source: transumo.com
5 Safe Money Transfer Alternatives to Wise
As a money transfer service, Wise (formerly known as TransferWise) is a transparent and easy to use option. But if you’re making an international money transfer, it can be worth looking at some of Wise’s competitors to see which is the best option for you.
Source: www.exiap.com
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
For now, the backing of its investors is allowing Airwallex to grow its business without needing to focus on making money. That’s proven tricky for some fintech companies — such as TransferWise and Europe’s challenger banks — but Zhang is confident that when that changes, his company will have little trouble being sustainable.
Source: techcrunch.com

Social recommendations and mentions

Wise might be a bit more popular than Monzo. We know about 7 links to it since March 2021 and only 7 links to Monzo. We are tracking product recommendations and mentions on Reddit, HackerNews and some other platforms. They can help you identify which product is more popular and what people think of it.

Monzo mentions (7)

  • Denied Monzo Flex
    Source: the live counter on their website: https://monzo.com. - Source: Reddit / 2 months ago
  • Tier 5 YMS - Driving, banking, and general arrival Q's (Canadian)
    Not 100% on your driving question, but in terms of banking, getting an account with a regular bank means you need proof of identity and also proof of address. This can be a utility bill, but you can't pay a utility bill unless you have a bank account! My suggestion would be to set up a Monzo account. You download the app and upload some ID, then they send you a debit card. My partner (also a Canadian!) then used... - Source: Reddit / 5 months ago
  • (UK) Trying to find an online bank offering multi-card accounts with good exchange rates
    Monzo, seems to have good exchange rates to multiple currencies, but only supports 1 card per account (I asked support). Also, account management sucks as it's app only. Made by former Starling employees (if I recall, I read it uses Transferwise for exchanging between currencies. - Source: Reddit / 5 months ago
  • What's a good place (or way) in the UK to convert USD to GBP without losing too-much money to charges and fees?
    You can open accounts online at Monzo and Revolut. - Source: Reddit / 5 months ago
  • Tyler Spalding's presentation today introduced a number of potential new Flexa app integrations/partners by Early 2022: Revolut, Bank of America, Monzo, Delta Airlines, Marriott Bonvoy, and Ibotta
    Monzo is a relatively new UK-based bank with a focus on mobile banking and apps, and is also coming soon to the US. https://monzo.com/. https://monzo.com/usa/. https://en.wikipedia.org/wiki/Monzo. - Source: Reddit / 6 months ago
View more

Wise mentions (7)

  • Wiring USD to a german bank account (COMMERZBANK)
    Consider using something like transferwise (https://wise.com/us/) as you’ll be paying quite a lot in fees if you transfer usd to a non usd account at Commerzbank (plus any fees you have to pay your US bank). - Source: Reddit / about 2 months ago
  • Needing some help finding details on a brick-wall relative (Germany)
    For the death record of Bertha Stahn, and the marriage record of Helene and Richard, you should be clear of any time restrictions based on the privacy laws if you want to try for civil records from the Wriezen Standesamt (Registry Office). Heck, it can't hurt to ask about August and Bertha's marriage either, just in case it fell within the town's civil jurisdiction. I would email Frau Mix; she will forward to... - Source: Reddit / 4 months ago
  • Best way for foreigner to get large amount of pesos?
    Get a travel currency card/account, such asWise. You can get an USD account from them and transfer money to it as you would do to any other USD accounts. They have really good exchange rates so you can skip the conversation at ATM as others have suggested. - Source: Reddit / 5 months ago
  • Best option for opening an account while still in the US but moving to the UK in two years?
    Https://wise.com/us/ has worked for me really well so far, but it's not a traditional bank. But you'll have a GBP account, be able to set up Direct Debit, etc... - Source: Reddit / 7 months ago
  • Getting paid as a non North American remote worker
    You will want to give them an easy way to pay you. Give TransferWise (now Wise) a shot. https://wise.com/us/ Wise should be able to get you a US Bank Account to transfer funds to your home currency. - Source: Reddit / 8 months ago
View more

What are some alternatives?

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

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

Bill.com - Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

N26 - The Mobile Bank

Zoho Invoice - 100% free online invoicing software for small businesses.

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

The Invoice Machine - The Invoice Machine is an online invoicing service with a simple and elegant user interface.

User reviews

Share your experience with using Monzo and Wise. For example, how are they different and which one is better?

Post a review