N26 for web VS Monzo

Compare N26 for web VS Monzo and see what are their differences

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N26 for web

A bank account for your phone, now on the web

Monzo

The bank of the future

Landing page //
2023-07-29

Landing page //
2023-09-11

N26 for web features and specs

No features have been listed yet.

Monzo features and specs

Ease of Use
Monzo offers a user-friendly interface with intuitive navigation, making banking simple even for those who aren't tech-savvy.
No Fees for Spending Abroad
Monzo does not charge foreign transaction fees when you spend money abroad, which can save frequent travelers a significant amount.
Instant Notifications
Users receive instant notifications whenever money is spent or received, allowing for real-time tracking of finances.
Budgeting Tools
Monzo provides built-in budgeting tools that help users track their spending and set financial goals.
No Overdraft Fees
Monzo does not charge overdraft fees, providing a safety net for users who occasionally spend more than they have in their account.

Possible disadvantages of Monzo

Limited Branch Access
As a digital-only bank, Monzo does not have physical branches, which may be inconvenient for users who prefer in-person banking.
Cash Deposit Limitations
Depositing cash into a Monzo account can be cumbersome, as it requires going through third-party services with associated fees and limitations.
Limited Range of Services
Monzo may not offer the full range of financial services (like mortgages and extensive investment options) that traditional banks provide.
Lower Interest Rates
Monzo's savings accounts may offer lower interest rates compared to some traditional banks and other online savings accounts.
International Customer Service
Monzo's customer support can sometimes be less accessible compared to traditional banks, especially for users outside the UK and US.

Analysis of Monzo

Overall verdict

Overall, Monzo is considered a good option for individuals looking for a modern, convenient banking experience with lots of features for managing everyday finances. However, whether it is the 'best' choice can depend on individual needs and preferences.

Why this product is good

Monzo is often praised for its user-friendly mobile app, which offers real-time notifications on spending, budgeting tools, and a clear interface for managing finances. Its customer service is generally well-regarded, and many users appreciate the transparency and lack of hidden fees associated with its accounts. Additionally, Monzo is known for its ease of setting up and managing accounts all from your smartphone.

Recommended for

Monzo is highly recommended for tech-savvy individuals who prefer to manage their banking activities via smartphone, those who travel frequently and need easy ways to handle foreign transactions, and anyone who values having intuitive budgeting tools at their fingertips.

N26 for web videos

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Monzo videos

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Monzo Review Update 2019 - One Year Later!

Category Popularity

0-100% (relative to N26 for web and Monzo)

N26 for web

Monzo

Online Payments

8 8%

Online Payments

92% 92

Fintech

19 19%

Fintech

81% 81

Payment Platform

7 7%

Payment Platform

93% 93

Mobile Banking

100 100%

Mobile Banking

0% 0

User comments

Share your experience with using N26 for web and Monzo. For example, how are they different and which one is better?

Social recommendations and mentions

Based on our record, Monzo seems to be more popular. 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.

N26 for web mentions (0)

We have not tracked any mentions of N26 for web yet. Tracking of N26 for web recommendations started around Mar 2021.

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: almost 2 years 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 2 years 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 2 years 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 2 years 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 3 years ago