Software Alternatives & Reviews

Wise VS Monzo

Compare Wise VS Monzo and see what are their differences

Wise logo Wise

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

Monzo logo Monzo

The bank of the future
  • Wise Landing page
    Landing page //
    2023-09-02
  • Monzo Landing page
    Landing page //
    2023-09-11

Wise videos

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise 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 Wise and Monzo)
Online Payments
90 90%
10% 10
Money Transfer
100 100%
0% 0
Payment Platform
76 76%
24% 24
Billing & Invoicing
100 100%
0% 0

User comments

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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

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

Monzo Reviews

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

Wise might be a bit more popular than Monzo. We know about 24 links to it since March 2021 and only 17 links to Monzo. 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.

Wise mentions (24)

  • Which bank in vietnam have the lowest fee for overseas remittance?
    I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: 10 months ago
  • We are happy to welcome you to Auction 88 — Coins of The World.
    They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: 10 months ago
  • Recommend me a first credit card with 0 foreign tx fee
    It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: about 1 year ago
  • Renting an apartment without a US Bank account?
    Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 1 year ago
  • My New Client Is Asking Me For My Bank Info
    I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 1 year 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: 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
View more

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.

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

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

N26 - The Mobile Bank

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