Revolut vs Wise (TransferWise)
Die kostenlosen Konten von Wise und Revolut im Vergleich. Beide sind für Auslandsüberweisungen und -zahlungen gut geeignet.
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Revolut vs Monese
Learn how these two finance apps stack up against each other.
Finance apps provide a convenient alternative to their brick and mortar counterparts, especially thanks to a host of clever online tools and services to make saving and spending easier than ever. Revolut and Monese are money apps which provide customers with a simple signup process, quick and easy management of funds, and up to the minute spending & saving insights to make managing your money a whole lot easier. Both leverage advances in fintech to reduce costs, especially when spending or sending money overseas. We compare the features, costs and limitations of each to help you save time and choose the account that’s right for you.
Quick review: Revolut and Monese
Revolut is a global digital money app designed for travellers, students, or those that want a convenient, online account. With Revolut you are able to hold multiple currencies in one account and spend them globally with low or no fees. You can also manage your money with innovative budgeting features, take control of your spending with features such as card controls and more.
Monese is a finance app that allows anyone in the UK or European Economic Area (EEA) to have a UK account. You aren’t required to have a UK address to sign up. The account itself is a convenient dual currency account that lets you manage both Euros and GBP, offers multilingual support and budgeting features. There are three account tiers available: Monese Simple, which is the free account, Monese Classic and Monese Premium. The higher the tier, the more features you unlock.
Breakdown of Revolut vs Monese in Germany
Revolut Standard |
Monese Starter |
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| OVERVIEW | ||
| Description | 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. | 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 | 0 € | 4.95 € |
| ATM withdrawals | 200 € per month or 5 withdrawals | N/A |
| Fee-free currency conversion limit | Up to 1.000 £ per month, after which a 0.5% fee is charged | N/A |
| EXTRA FEATURES | ||
| Security | Virtual cards Deposit protection Triple layer of security in the app Card blocking function Real-time notifications European banking license Payments protected against fraud; loss or theft |
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 Budgeting |
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 |
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Revolut Premium |
Monese Classic |
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| OVERVIEW | ||
| Description | A combined current account and IBAN account with unlimited free currency conversions and international transfers in over 25 currencies. | A dual currency card designed for travellers with no foreign currency fees up to and foreign transfers in several currencies. |
| Monthly fees: | 7.99 € | 5.95 € |
| Joint accounts | No | Yes |
| FEES | ||
| Card fee | 0 € | 0 € |
| ATM withdrawals | 400 € per month | 900 € per month |
| Fee-free currency conversion limit | Unlimited | Unlimited |
| EXTRA FEATURES | ||
| Security | Virtual cards Card blocking function Real-time notifications European banking license Payments protected against fraud; loss or theft |
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 Cryptocurrency Virtual cards Lounge access Insurance covers 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 interest earned |
Account with no interest earned |
| Learn more |
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Revolut Metal |
Monese Premium |
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| OVERVIEW | ||
| Description | A premium account with an exclusive Metal card featuring insurances, cashback, concierge service, cryptocurrencies and more. | A premium card with no fee for international payments, no foreign currency fees and unlimited ATM withdrawals at home and abroad. |
| Monthly fees: | 13.99 € | 14.95 € |
| Joint accounts | No | Yes |
| FEES | ||
| Card fee | 0 € | 0 € |
| ATM withdrawals | 800 € per month | 2500 € |
| Fee-free currency conversion limit | Unlimited | Unlimited |
| EXTRA FEATURES | ||
| Security | Deposit protection Real-time notifications European banking license Payments protected against fraud; loss or theft |
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 Cryptocurrency Virtual cards Lounge access Insurance covers Cashback Concierge Budgeting 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 interest earned |
Account with no interest earned |
| Learn more |
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Verdict
Whether you choose Revolut or Monese should really come down to your needs.
Revolut is a pioneer in travel money, enabling easy management of multiple currencies, relatively low-cost ways of spending them, and efficient international payments. It also comes with enough features that it can serve as a standard account too, for receiving money, budgeting and spending. And if you’re interested in the world of cryptocurrency, Revolut has you covered.
Monese, on the other hand, is looking to bring the advantages of online money management to everyone. The relatively low requirement for sign-up documentation makes it an excellent option to those new to the Eurozone and UK looking to get setup. It makes the basics of banking – receiving money, spending and saving it – incredibly easy while also including innovative features for those who want to take it a step further. If you are looking for a money account native to the digital age, but without all the complexity of legacy finance, then Monese could be the right fit for you.
Regardless of which you choose, you will get to benefit the latest advances in fintech that finance apps are becoming renowned for. In addition to the accounting tools mentioned so far, you are also likely to enjoy easy to use visual interfaces combined with familiar app functionality and design which makes for a smooth experience.
Keep in mind that despite their clever features and insights, both platforms offer relatively simple money management features. If you are in the market for a high interest-earning savings account, borrowing or perhaps are working towards a mortgage, then you may want to consider other options, such as a standard current account.
Looking for more options? Compare a range of digital banks in Germany
Please note these products are not licenced as banks. Check our product review pages for details.
Frequently asked questions about Monese and Revolut
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