Software Alternatives & Reviews

Wise VS Monzo

Compare Wise VS Monzo and see what are their differences


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

The bank of the future
Wise Landing Page
Wise Landing Page
Monzo Landing Page
Monzo Landing Page

Wise details

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

Monzo details

Categories
Online Payments Payment Platform Recurring Billing
Website monzo.com  

Wise videos

TransferWise Review - 3 Must Knows (2020)

More videos:

  • - TransferWise in detail
  • - Transferwise Review

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.

Category Popularity

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Reviews

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

Wise Reviews

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

Monzo Reviews

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

Social recommendations and mentions

Monzo might be a bit more popular than Wise. We know about 6 links to it since March 2021 and only 5 links to Wise. 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.

Wise mentions (5)

  • 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 / 9 days 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 / 3 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 / 4 months ago
  • Vincent Chan: Inside PayPal
    Buyers on Tindie have big complaints about PayPal: the money currency conversion is a rip-off. Many in Europe have moved to TransferWise and Tindie seems to be working on it: https://wise.com/us. - Source: Hacker News / 5 months ago
  • International service to create bank account with no deposit and no fees (except for transactions)
    Transferwise might work. Https://wise.com/us. - Source: Reddit / 5 months ago

Monzo mentions (6)

  • 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 / about 1 month 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 / about 1 month 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 / about 1 month 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 / about 2 months ago
  • Does Revolut fit my use case?
    I looked up the website, and it sounds pretty good, but not sure how it compares to Monzo. Need to find out which offer multiple cards per account. - Source: Reddit / about 2 months ago
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What are some alternatives?

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

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.

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

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

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

User reviews

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

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