bunq vs Monese

Two of Germany's challenger finance apps compared side by side to help you find the right account for you.


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Digital banking is increasing in popularity thanks to a range of easy to use smartphone apps and services that give you a bank in the palm of your hand, with no need to ever step foot into a physical branch. bunq and Monese will cover your basic money needs, as well as including some extra features, such as ethical investing (bunq) or no-cost foreign spending (Monese). Both companies feature quick and easy management of funds through simple to use smartphone apps or online portals, which also cuts down on fees since you don’t have to deal with a branch. Compare the expansive range of features below.

Quick review: bunq and Monese

bunq is a 100% app-based neobank that offers a wide range of features to help users manage their money and understand their spending habits. It offers personal and business accounts, with five account options available in total. If you’re looking for a personal bank account you can choose from bunq Travel, bunq Premium, bunq Business and enjoy SuperGreen cards that lets you offset your C02 emissions.

Monese is a challenger app from the UK that allows anyone hold and manage an account in the UK from your phone. You don’t need to have an address in the UK to open an account, you just need to live in the European Economic Area (EEA). Monese offers three account tiers Monese Simple, Monese Classic and Monese Premium. All tiers give you a dual currency account with Euro and GB payments supported.

bunq vs Monese in Germany

Monthly fees
  • bunq Business:€9.99
  • bunq Premium: €7.99
  • bunq Business SuperGreen: €19.99
  • bunq Premium SuperGreen: €16.99
  • bunq Travel:€0
  • Simple: free
  • Classic: €5.95/month
  • Premium: €14.95/month
Joint account available?Yes. Bunq+1 can be added on to any bunq plan for a monthly fee of €2,99Yes. Free with an existing account. Joint card delivery fee is €4.95
ATM withdrawals
  • For all bunq accounts, excluding bunq Travel: 10 withdrawals per month, after which a €0.99 fee applies
  • bunq Travel: €0.99 per ATM withdrawal
  • Monese Simple: €200 per month after which a 2% fee applies
  • Monese Classic: €900 per month
  • Monese Premium: Unlimited
Card options
  • Each account is entitled to three cards, any combination of Mastercard Debit, Maestro and Travel.
  • Travel Cards are available with every bunq account.
  • Travel Card and Green Card can be purchased separately and used with a bank account from any other provider.
  • Debit card with a one-off delivery fee of €4.95.
  • Available in both Euro and GBP.
Global spending
  • €0.99 per overseas withdrawal.
  • Foreign withdrawals or transactions are charged at the Mastercard exchange rate.
  • No fee for using the card to make purchases.
  • Send and receive money overseas using Transferwise.
  • Dual-currency accounts available as standard for Euros and GBP
  • Fee-free spending of foreign currencies up to a limit.
  • Send money to 30 countries in 18 different currencies.
  • App displayed in the same language as phone settings.
  • Customers support available 365 days a year in English and other languages when applicable.
  • App available in 14 languages: English, French, German, Brazilian Portuguese, European Portuguese, Bulgarian, Italian, Spanish, Romanian, Polish, Czech, Turkish, Estonian and Lithuanian.
  • Multilingual customer support.
Insights & money management
  • Each account comes with 25 separate IBAN bank account numbers which enable highly specific management of funds.
  • Three cards are included with a single account allowing for greater control overspending.
  • The bunq app works natively with several third-party accounting apps.
  • Split bills with friends using the Slice Groups feature.
  • Monese provides several ways to analyse your spending, outgoings and savings each month through its Spending Overview.
  • Roundup card transactions to the nearest Euro or GBP for easy saving.
  • Set monthly budgets.
SecurityLock and unlock your card from within the app.
  • Freeze your card instantly via the app
  • Passcode and local app access required to access funds at all times
Interest earning accounts0.27% as standard on all accounts.No.
Card deliveryUp to working 10 daysUp to 3 working days
Banking licenseLicensed in the Netherlands by the Dutch Central Bank (DNB).No – instead deposits are held with partner banks in segregated accounts.
Extra features
  • bunq offers the unique Green Card which promises to plant trees in return for spending done using the card. This card is available to anyone with an existing bank (not just bunq account owners), however, it costs €99 per year.
  • bunq advertises that it invests customer funds ethically.
  • Each account comes with 25 unique bank account numbers (IBANs)
  • Can open both a UK and European account and switch instantly.
  • No proof of residence or credit check required for sign-up.
  • Business account available
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bunq or Monese?

Overall both apps are similar with their offerings – the digital bank experience straight from your smartphone, competitive rates on overseas spending and a modest variety of account options including business and shared.

However, bunq stands out as the premier option for users who want deeply nuanced control over their funds, as well as on the record-keeping & accounting side of things too. Each account offers 25 unique bank account and IBAN numbers, which can be increased to 50 for a fee. Couple this with software that is constantly tracking your incomings and outgoings, a modest ecosystem of interoperable apps, and you’ve got quite a powerful banking experience in the palm of your hand. Unfortunately, though, bunq doesn’t offer a free option, and you will need proof of residence to sign up – something that Monese users don’t need to worry about.

This leaves Monese as an excellent option for customers with more casual needs, especially considering that it offers a free account which includes a debit card. New users only need a mobile phone number and ID to sign up, which makes it an excellent choice for travellers or expats, as well as young people looking to open their first account. Monese also offers accounts in both Euros and GBP, which makes it a strong option for anyone that does a lot of cross-border travel or business.

Compare a range of digital banks in Germany

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Comdirect Bank Current Account
A free current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
Norisbank free current account
5-7 working days

Receive €100 starting credit for a limited time*

Benefit from a €0 account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
Openbank Kostenloses Girokonto
A free current account with free euro transfers within the eurozone. Includes a debit card with free cash withdrawals worldwide.
Commerzbank Kostenloses Girokonto
3 to 4 business days

Receive €100 starting credit after 3 months of account activity

A current account with €0 fees and cashback at select Shell petrol stations. Includes a Mastercard Classic credit card.

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Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Fidor Smart Current Account
A mobile current account with real-time notifications on your transactions. Includes a digital Mastercard with mobile payment and a Smart Banking app.
N26 You
Up to 10 working days
A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
Tomorrow Zero
3-5 business days
A free Visa debit card with free transactions across the globe and unlimited free ATM withdrawals per month
TARGOBANK Online-Account
An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.

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Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Travel card
Up to working 10 days
A no monthly-fee card that lets you travel and spend globally using the real exchange rate. Security controls and simple payments.

Compare up to 4 providers

Please note these products are not licenced as banks. Check our product review pages for details.
Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Holvi Starter
Up to 10 business days
An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
VIABUY Prepaid Mastercard
VIABUY Prepaid Mastercard
3-5 business days
VIABUY Prepaid Mastercard comes with no line of credit and it does not require credit checks.
Holvi Grower
Up to 10 business days
A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
Revolut Standard
Up to 9 working days
Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and the ability to hold over 15 currencies in your account.

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