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N26 vs Monese

N26 and Monese are two big names for easy money management, but how do they compare?

In recent years, finance apps like N26 and Monese have torn up the script of traditional banking. In doing so, banks have been brought into the smartphone age.

Established banks have struggled to keep up when it comes to offering customers slick, easy-to-use apps, while their online banking processes are often unfriendly to customers. Meanwhile, digital banks such as N26 and finance apps such as Monese have increased their customer base by offering fast transactions, fee-free spending abroad and more.

Let’s take a closer look at them so you can decide which is right for you.

A quick review: N26 and Monese

N26

Originally called Number 26, N26 is a Berlin-based digital bank account and app equipped with advanced finance management features, such as automatic spending categorisation, saving goals and budgeting tools.

While it’s run out of Germany, it’s available in a number of countries throughout Europe as well as the UK and has recently launched in the US.

N26 offers a number of personal and business bank account options as well as an app and cards.

Full review of N26

Monese

Launched in 2015 as an “inclusive, instant and on-demand” account, Monese is a British digital financial services provider that offers instant current accounts in the UK and the Eurozone.

The app offers a wide array of features, including tools for budgeting and financial insights, international transfers into eight currencies at competitive rates and various security features.

Customers can choose from its three subscription tiers – Simple, Classic and Premium.

Full review of Monese

Breakdown of N26 vs Monese in Germany

N26 Standard

Monese Starter

N26 Standard

Monese Starter

OVERVIEW
Description Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save. A dual currency account with no foreign currency fees up to €2,000 per month. Features include budgeting tools and multilingual support.
Monthly fees: 0 € 0 €
Joint accounts No Yes
FEES
Card fee 10 € 4.95 €
ATM withdrawals 3 withdrawals per month N/A
Fee-free currency conversion limit Unlimited N/A
EXTRA FEATURES
Security Deposit protection
Triple layer of security in the app
PIN required in each transaction
Real-time notifications
Payments protected against fraud; loss or theft
PIN protected Cards
Deposit protection
Real-time notifications
FCA registered company
Log out after 20 min. inactivity
Manually authorizes access devices
Benefits Payment notifications
Bill splitting
Spending categorisation
Virtual cards
Fast transfers
Web app
Payment notifications
Fast transfers
No proof of address required
Direct debits
Interest earning accounts Account with no interest earned
Account with no interest earned
Learn more

N26 You

Monese Classic

N26 You

Monese Classic

OVERVIEW
Description A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad. A dual currency card designed for travellers with no foreign currency fees up to and foreign transfers in several currencies.
Monthly fees: 9.90 € 5.95 €
Joint accounts No Yes
FEES
Card fee 0 € 0 €
ATM withdrawals 5 withdrawals per month 900 € per month
Fee-free currency conversion limit Unlimited Unlimited
EXTRA FEATURES
Security Lock and unlock your phone
Enable and disable types of transactions
Deposit protection
Triple layer of security in the app
PIN required in each transaction
Real-time notifications
Deposit protection
Card blocking function
Real-time notifications
FCA registered company
Log out after 20 min. inactivity
Manually authorizes access devices
Benefits Payment notifications
Bill splitting
Spending categorisation
Virtual cards
Insurance covers
Web app
Exclusive offers
Dedicated customer support
Choose your card colour
Payment notifications
Fast transfers
Open multiple bank accounts
No proof of address required
Direct debits
Interest earning accounts Account with no interest earned
Account with no interest earned
Learn more

N26 Metal

Monese Premium

N26 Metal

Monese Premium

OVERVIEW
Description Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers. A premium card with no fee for international payments, no foreign currency fees and unlimited ATM withdrawals at home and abroad.
Monthly fees: 16.90 € 14.95 €
Joint accounts Yes Yes
FEES
Card fee 0 € 0 €
ATM withdrawals 8 withdrawals per month 2500 €
Fee-free currency conversion limit Unlimited Unlimited
EXTRA FEATURES
Security Lock and unlock your phone
Virtual cards
Enable and disable types of transactions
Deposit protection
Triple layer of security in the app
PIN required in each transaction
Real-time notifications
PIN protected Cards
Deposit protection
Card blocking function
Real-time notifications
European banking license
PIN protected Cards
FCA registered company
Access code required
Log out after 20 min. inactivity
Benefits Payment notifications
Bill splitting
Spending categorisation
Insurance covers
Web app
Exclusive offers
Dedicated customer support
Choose your card colour
Payment notifications
Fast transfers
Web app
Open multiple bank accounts
No proof of address required
Direct debits
Interest earning accounts Account with no interest earned
Account with no interest earned
Learn more
*We selected products from each provider that were the most comparable. You can find all available products on our review pages as well as the provider’s website.

How N26 and Monese compares by features

Take a look at how these two providers stack up against each other in different areas:

Overall banking service

  • Tie

Both N26 and Monese offer a wide array of services under their free plans, including a fully-featured current account, a complimentary debit card (excluding delivery fee), overseas money transfers and more.

Finance management features

  • Tie

Both providers are both equipped with a similar suite of digital banking features to help you better manage your finances, including multiple sub-accounts to achieve your saving goals. As for ease of use, N26 offers account access from both its app and web platform, while Monese only provides access via its app.

Overseas cash withdrawals

  • Tie

For withdrawals in euro, N26 offers between 3 to 8 fee-free ATM withdrawals per month, depending on which subscription tier you’re on. For other currencies, it’ll cost a flat 1.7% on the amount withdrawn. With Monese, you can enjoy a fee-free withdrawal limit, up to €200 (Simple) or €900 (Classic) per month. Subsequent amounts withdrawn will incur a 2% fee.

Debit card delivery

  • Tie

Both N26 and Monese provide debit cards for free. It can take up to 10 working days to receive your card from N26, while 10 to 14 days for Monese users. As for card delivery fees, N26 charges €10 per card (free for N26 Premium customers). Monese charges a lower fee of €4.95 per card, which is waived for its Classic and Premium users.

International money transfers

  • N26

N26 offers international money transfer services through their partnership with Wise, a popular provider with excellent exchange rates and low, transparent fees. Wise charges a fee of 0.35% to 2.85% of the amount you’re transferring, depending on the currency, with most currencies towards the bottom end of that range.

Monese offers free transfers to other Monese accounts, and a flat 2% fee (€2 minimum fee) on international money transfers to non-Monese accounts.

Foreign currency card spending

  • N26

Regardless of which subscription tier you’re on, N26 does not charge any commission for paying with your card abroad. As for Monese, there’ll be no fees for the first €2,000 spent on the card per month (2% fee thereafter) for customers on Simple or Classic plans. However, those on Monese Premium can benefit from unlimited fee-free overseas card spending.

Language support

  • Monese

N26 customer support is available in 5 languages – English, French, German, Spanish and Italian. Monese offers a greater number of support languages, catering to customers enquiries in 14 languages: English, French, German, Brazilian Portuguese, European Portuguese, Bulgarian, Italian, Spanish, Romanian, Polish, Czech, Turkish, Estonian and Lithuanian.

Are both N26 and Monese secure?

On top of being 100% digital, both N26 and Monese uphold high security standards to keep your account, money and data safe. Take a look at some security settings and measures these two providers have in place so that you can bank with them with peace of mind.

Licenses and regulations

Since July 2016, N26 has been operating with a full European banking license and your funds are protected up to €100,000 under the German Deposit Protection Scheme.

On the other hand, Monese does not hold a full banking license. However, it is a registered agent of PPS EU SA, an electronic money institution authorised by the National Bank of Belgium to deal in electronic money and provide payment services. This means that your balance is held securely in a segregated account and you’ll be able to retrieve your money should Monese goes into insolvency.

Security features

Both N26 and Monese are equipped with advanced fraud protection and in-app security features, such as:

  • Single device access. To prevent unauthorised access, you can only log into your account on one smartphone at a time.
  • Biometric authentication. Log into your account securely via PIN, fingerprint identification or face recognition.
  • 3D Secure technology. Benefit from an extra layer of security against fraud with advanced 3D Secure (3DS) — an additional authentication process designed to keep your online transactions safe. With 3D Secure, you’ll need to enter a one-time password (OTP) sent via SMS upon every checkout.
  • Card control. If your card is lost or stolen, you can block your card in-app immediately to stop anyone else from using it.
  • Real-time notifications. Keep track of all your account activities with instant alerts.

N26 vs Monese: The verdict

If the contest between N26 and Monese were a sporting one we might call it a draw. Both apps have similar features that aid seamless financial management, from clear transaction categories to the ability to freeze your car instantly if you lose it. Monese calls its savings feature ‘Pots’, while N26 refers to their one as ‘Spaces’, but they’re basically the same thing: sub-accounts within your main account where you can keep funds for a rainy day.

N26 benefits from being a German-based company. Additionally, it’s rolled out a line of credit feature for German users which could be an interesting benefit for individuals with poor SCHUFA scores who can’t access credit from banks. Meanwhile, Monese has market-leading features, including a virtual card which gives you an extra layer of security as you shop online. Late in 2019, they added a joint account to their armoury.

Looking for more options? Compare a range of digital banks in Germany

Name Product Mobile view Digital banks English Management Fee Card delivery Supported currencies
Commerzbank Free current account
  • Management Fee

    0 €

  • Card delivery

    3 to 4 business days

  • Supported currencies

    1

  • Mobile payments

0 €
3 to 4 business days

1

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.
Nuri Bank Account
  • Management Fee

    0 €

  • Card delivery

    Up to 14 days

  • Supported currencies

    1

  • Mobile payments

0 €
Up to 14 days

1

Receive €10 when you apply for a Nuri bank account and card. T&C applies

A unique bank account and crypto-wallet managed through a user-friendly app with real-time spending notifications. Includes a free digital Mastercard.
N26 Standard
  • Management Fee

    0 €

  • Card delivery

    Up to 10 working days

  • Supported currencies

    1

  • Mobile payments

0 €
Up to 10 working days

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Vivid Standard
  • Management Fee

    0 €

  • Card delivery

    4-5 days

  • Supported currencies

    1

  • Mobile payments

0 €
4-5 days

1

A free bank account with fee-free payments and transfers globally. Enjoy up to 20€ cashback per month.
1822MOBILE Current Account
1822MOBILE Current Account
  • Management Fee

    0 €

  • Card delivery

    N/A

  • Supported currencies

    1

  • Mobile payments

0 €
N/A

1

Free account management, €20 when you open an account, up to €100 referral bonus and a free savings bank card: your current account 1822MOBILE offers all of this.
Openbank Free Current Account
  • Management Fee

    0 €

  • Card delivery

    N/A

  • Supported currencies

    1

  • Mobile payments

0 €
N/A

1

A free current account with free euro transfers within the eurozone. Includes a debit card with free cash withdrawals worldwide.
DKB-Cash: Free current account
  • Management Fee

    0 €

  • Card delivery

    Up to 7 business days

  • Supported currencies

    1

  • Mobile payments

0 €
Up to 7 business days

1

A current account with fees that comes with a free Visa credit card and free cash withdrawals worldwide.
Norisbank Top Current Account
  • Management Fee

    0 €

  • Card delivery

    5 to 7 working days

  • Supported currencies

    1

  • Mobile payments

0 €
5 to 7 working days

1

Benefit from a 0 € account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
Commerzbank StartKonto
  • Management Fee

    0 €

  • Card delivery

    3 to 4 business days

  • Supported currencies

    1

  • Mobile payments

0 €
3 to 4 business days

1

A free current account for young people with a free Young Visa credit card. Cashbacks and discounts in more than 2,000 online shops.
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Name Product Mobile view Digital banks English Management Fee Card delivery Supported currencies
Comdirect Bank Current Account
  • Management Fee

    4.90 €

  • Card delivery

    N/A

  • Supported currencies

    1

  • Mobile payments

4.90 €
N/A

1

A current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
N26 Metal
  • Management Fee

    16.90 €

  • Card delivery

    Up to 10 working days

  • Supported currencies

    1

  • Mobile payments

16.90 €
Up to 10 working days

1

Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers.
Tomorrow Now
  • Management Fee

    3 €

  • Card delivery

    3-5 business days

  • Supported currencies

    1

  • Mobile payments

3 €
3-5 business days

1

A free Visa debit card with free transactions across the globe and N/A for free.
TARGOBANK Online-Account
  • Management Fee

    3.95 €

  • Card delivery

    N/A

  • Supported currencies

    1

  • Mobile payments

3.95 €
N/A

1

An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.
bunq Easy Green Personal
  • Management Fee

    17.99 €

  • Card delivery

    Up to working 10 days

  • Supported currencies

    19

  • Mobile payments

17.99 €
Up to working 10 days

19

An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every €100 you spend.
N26 Smart
  • Management Fee

    4.90 €

  • Card delivery

    Up to 10 working days

  • Supported currencies

    1

  • Mobile payments

4.90 €
Up to 10 working days

1

A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances.
Tomorrow Change
  • Management Fee

    7 €

  • Card delivery

    3-5 business days

  • Supported currencies

    1

  • Mobile payments

7 €
3-5 business days

1

Manage your shared finances conveniently with Tomorrow’s mid-tier plan. Benefits include multiple sub-account, fee-free monthly cash withdrawals and more.
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Please note these products are not licenced as banks. Check our product review pages for details.
Name Product Mobile view Digital banks English Management Fee Card delivery Supported currencies
Revolut Standard
  • Management Fee

    0 €

  • Card delivery

    Up to 9 working days

  • Supported currencies

    27

  • Mobile payments

0 €
Up to 9 working days

27

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.
Wise Multicurrency Account
  • Management Fee

    0 €

  • Card delivery

    Up to 14 working days

  • Supported currencies

    19

  • Mobile payments

0 €
Up to 14 working days

19

Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits.
Revolut Plus
  • Management Fee

    2.99 €

  • Card delivery

    Up to 9 working days

  • Supported currencies

    25

  • Mobile payments

2.99 €
Up to 9 working days

25

Enjoy purchase, event ticket and returns protection, plus other innovative features with this lower-priced subscription plan.
Wirex Standard
  • Management Fee

    0 €

  • Card delivery

    Up to 4 business days

  • Supported currencies

    12

  • Mobile payments

0 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
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