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Monese review France

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UK current accounts available to everyone in Europe and the UK – but is Monese the right mobile bank for you?

Monese is a 100% mobile bank that gives you a current account with no proof of address required. It also offers a number of other features such as personal financial management tools and fast, cheap payments. In this review we break down the features and costs of Monese in France so you can decide if it’s right for you.


Monthly fee


Domestic ATM fee


Currency conversion fee


Product NameMonese Simple
Monthly fee€0
Card deliveryUp to 3 working days
Supported currenciesGBP,EUR
Card fee€4.95
Domestic ATM fee€0
International ATM fee€0
Currency conversion fee2%
Fee-free ATM withdrawal limit€200 per month after which a 2% fee applies
Mobile paymentsApple Pay,Google Pay
Card typeMastercard
More Info

How does Monese work in France?

Monese was launched in 2015 as an “inclusive, instant and on-demand” bank account. You can open a UK current account and manage it on your smartphone as long as you live in the European Economic Area or the UK. You don’t need to provide a UK address to get an account.

Once you’re signed up you will receive a debit card to access your money. The app offers a number of features including tools for budgeting and financial insights, international transfers into eight currencies at rates up to eight times less than the banks and various security features.

Monese has a free account option as well as two paid account options which come with additional features. Your bank account is completely portable across 20 countries in Europe and the UK. If you move to another country, your Monese account comes with you.

What features does Monese offer?

The Monese account and app come with a number of features. These include:

  • Simple signup. You don’t need proof of address to signup and you can open an account in minutes. Just download the Monese apps, take a selfie and scan your ID document such as a passport or ID card from your country. You will usually receive your account number and sort code in minutes.
  • Dual currency account. Monese lets you open a UK current account as well as a secondary account in Euros or GBP at no extra cost. You can then switch between these at any time.
  • Multilingual support. You’re able to get customer support from Monese in 12 different languages via phone, email and chat.
  • Foreign currency spending. You get a certain amount of spending in foreign currency on your card depending on the account you choose. For example, when spending in foreign currency on your Monese card with the Monese Simple account you won’t be charged a fee for spending up to €2,000 per month after which a 2% fee applies. For Monese Classic, the fee-free limit extends up to €2,000 per month after which a 2% fee applies. The Monese Premium account offers unlimited foreign currency spending.
  • Payments. Monese offers a number of ways to transfer money. This includes foreign transfers in up to eight currencies which are made at the interbank rate, direct debits, standing orders (recurring payments) and the option to pay other Monese users instantly. Apple Pay and Google Pay are also available.
  • Virtual card. Get an extra layer of security when you shop online, or while using contactless payments. Your virtual card number will be different than your debit card. You can easily lock and unlock the virtual card directly from your app.
  • Budgeting. The “instabalance” feature gives you a view of where your money is at in real-time so you can see how much you have to spend while the balance graph allows you to visually track your spending. All budgeting features are accessible in the app.
  • Top up your account. If you reside in the UK, you’re able to receive your salary directly into your Monese account using the account number and sort code you receive when you sign up. Monese have also partnered with the post office and PayPoint so you can top up your Monese account in person at over 40,000 locations across the UK. If you reside outside the UK you’re able to top up your account by linking your account with another debit card, through a SEPA credit transfer or a SWIFT payment.
  • Personalized home insurance with Luko. For Monese clients in France, take advantage of tailored home insurance solutions with Luko. You can sign up and get insurance in just two minutes. Claims are often paid in under two hours, and damages repaired on-site in just two days. Classic and Simple accounts receive the first month free, while Premium members receive two months free.

How do Monese accounts work?

Monese has three account tiers: Simple, Classic and Premium. Each account comes with the features as outlined above, but there are a few differentiating details between the three tiers. Here is a breakdown of how these accounts work in more detail, including fees and features.

Compare Monese with other digital banks in France

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
VIALET Current Account
VIALET Current Account
Up to 7 working days


An IBAN account you can use to manage your money and spend in over 200 countries worldwide, fee-free, with free international transfers.
Monese Simple
Up to 3 working days


No monthly fee and no ATM fees up to€200 per month after which a 2% fee applies with a dual-currency bank account. Includes a Monese Mastercard and multilingual user support.
Revolut Standard
Up to 9 working days


Enjoy no monthly fees, no currency conversion fees up to Up to €1,000 per month, and the ability to hold over 15 currencies in your account.

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Premium
Up to 10 days


Enjoy a premium Visa card and multiple interest-earning bank accounts with unique IBANs at a competitive monthly rate.
N26 You
Up to 10 working days


Benefit from free ATM withdrawals around the world, an insurance package, and a 0% currency conversion fee.
VIABUY Online Account
VIABUY Online Account
Within 24 hours


A prepaid Mastercard card linked to an IBAN, providing simple payments and bank transfers in Europe.
bunq Premium SuperGreen
up to 10 business days


A current account with a premium metal Mastercard. Get all the advantages of a premium card, and help the environment at the same time.

Compare up to 4 providers

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Travel card
up to 10 days


A no monthly-fee card that lets you travel and spend globally using real exchange rates. Includes security controls and simple payments.

Compare up to 4 providers

How can I transfer money with Monese?

  • UK bank transfers. You can pay friends, families or bills with bank transfers. Monese uses the Faster Payments Service and says that it typically takes between two and four hours for your payee to receive the money you’ve transferred.
  • Foreign transfer. Monese lets you transfer money abroad into eight different currencies for up to eight times less than using a high street bank. It uses the “interbank rate”, much like Revolut. The delivery time for your money depends on the processing times of the receiving bank. Depending on the currency you’re sending and the time (try to send the funds before 4pm), your transfer should take between two and four business days.
  • Foreign transfer from a Eurozone account. If you’re transferring money to someone with a Euro account through a SEPA payment, then it should reach them by the next working day or the day after that.
  • Direct debits. You’re able to set up a direct debit and automatically pay for utilities and services in the Monese app. This includes things such as your gym membership, phone contract, or your electricity bill.
  • Standing orders. Set up a standing order, also known as a recurring payment, to make routine payments for a specified amount, payee and date.
  • Pay your contacts. Make payments to friends and family straight from your phone’s contact list. See who’s already a Monese user, and to whom you’ll be able to make an instant payment.

Is Monese safe?

As a current account provider, Monese makes security a priority. To register you are required to provide a form of ID and in some cases identified through a video call. Your money is also safe behind a passcode which can be changed at any time and you are logged out after 20 minutes of inactivity. If your phone or card is stolen, customer service is available Monday to Saturday during working hours.

Monese is registered with the FCA (Financial Conduct Authority) and is authorised to deal in electronic money, but isn’t technically a bank. In practical terms, this means that your money is held safe in a segregated account so that if Monese is longer in business you will receive your money back.

Pros and cons of Monese


  • Fast and easy set-up (no credit check or proof of local address needed)
  • Free card payments and ATM withdrawals abroad
  • Free direct debits
  • Free second account in Euros or GBP


  • You need to pay to get certain features that come standard with other mobile banks, such as free foreign currency conversions
  • Traditional banks are still necessary for most of your needs

How do I sign up with Monese?

You’re eligible to sign up with Monese if you’re at least 18 years old and live in the European Economic Area (EEA). If you meet these criteria, just download the Monese app from the iOS app store or Google Play store to get started.

You will need an ID document such as your national ID card, driver’s licence or passport and be ready to do a quick video selfie of yourself. Your phone must also be capable of receiving text messages.

Have more questions about Monese?

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