TransferWise Debit Card VS Monzo

Compare TransferWise Debit Card VS Monzo and see what are their differences

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TransferWise Debit Card

A bright green card to save you money when you pay abroad 💳💱

Monzo

The bank of the future

Landing page //
2023-07-27

Landing page //
2023-09-11

TransferWise debit card hands-on review

Monzo videos

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Monzo Review Update 2019 - One Year Later!

Category Popularity

0-100% (relative to TransferWise Debit Card and Monzo)

Monzo

Online Payments

35 35%

Online Payments

65% 65

Fintech

49 49%

Fintech

51% 51

Payment Platform

0 0%

Payment Platform

100% 100

Money Transfer

100 100%

Money Transfer

0% 0

User comments

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

Social recommendations and mentions

Monzo might be a bit more popular than TransferWise Debit Card. We know about 17 links to it since March 2021 and only 13 links to TransferWise Debit Card. 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.

TransferWise Debit Card mentions (13)

Invoicing foreign country
You can get a European bank account with Wise and transfer the money to your SA bank account at much lower fees than PayPal or whatnot. You will also get much better conversion rates than having the company do SWIFT payments into your SA account. Source: 11 months ago
Looking for a UK bank account that I can use to pay bills/direct debits to French companies. Credit Agricole Britline turned me down :(
Have you looked into a Wise multi currency account? I believe you can setup SEPA (euro) direct debits with it as well as send SEPA transfers in euros with low fees: https://wise.com/gb/multi-currency-account/. Source: over 1 year ago
Joint bank account
If not, I would also recommend Wise. It's a great service, especially if you are going to need to fund the account with both GBP and EUR. Not only can you use Wise to move GBP to EUR, you could also use it as a multi-currency bank account. Source: about 2 years ago
US Bank for non-US citizen/resident (EU citizen)
Yeah I agree - OP should investigate getting a Wise multi currency account in USD https://wise.com/gb/multi-currency-account/. Source: about 2 years ago
I need to get paid in USD. Can i open a USD bank account here? Or else what can be done here?
Try this, it's cheaper and easier https://wise.com/gb/multi-currency-account/. Source: about 2 years ago

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: 10 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: 11 months 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: about 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: over 1 year ago