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Monese review Ireland

Enjoy simple spending and money transfers with no proof of address required.

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 of Monese in Ireland, we break down the features and costs so you can decide if it’s right for you.

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0 €

Maintenance fee

1.50 €

ATM fee


Currency conversion fee


Product NameMonese Starter
Fee periodMonthly
Maintenance fee0 €
Card deliveryWithin 14 days
Free ATM withdrawal limitN/A
ATM transaction fee€1.50 + 2% per withdrawal
ATM transaction fee - non-Euro2%
Currency conversion fee2%
Supported currencies


More Info

How does Monese work in Ireland?

Monese was launched in 2015 as an “inclusive, instant and on-demand” bank account. You can open a current account and manage it from your desktop or on your smartphone as long as you live in the European Economic Area including Ireland. You don’t need to provide a UK address to get an account. The account you open can be a GBP account, a EUR account or a RON 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 19 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. Plus, two customers of Monese can manage their finances together with a joint account. Your account is completely portable across 20 countries in Europe and the UK. If you move to another country, your Monese account comes with you.

Key features

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. You just need to reside in the European Economic Area (EEA). Download the Monese app, 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.
  • Account options. Monese gives you the choice of what type of account you want to open; you can open a GBP, EUR or RON account.
  • Joint account. Manage your money with a partner or another person in your life. Simply open a separate account and start paying for shared bills and other expenditures.
  • Multilingual support. Customer support from Monese is available in 12 different languages via phone, email and chat.
  • Payments. Monese offers several ways to transfer money. This includes foreign transfers in up to 19 currencies 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 from your debit card. You can easily lock and unlock the virtual card directly from your app.
  • Budgeting. A simple budgeting tool can help you manage your spending. You’re can view your spending by category and receive transaction alerts.
  • Receive your salary. Have your salary deposited directly into your Monese account via a SEPA payment.
  • Pots. Reach a savings goal by separating your money into multiple pots straight from your main account.
  • Top up your account. From Ireland, 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.

Fees and rates

There are a few costs to be aware of with Monese, including:

  • Monthly fee. While the Simple account has no monthly fees, the Classic account comes with a €5.95 monthly fee and the Premium account costs €14.95 per month.
  • Annual fee. Pay the classic or premium account maintenance fees annually instead of monthly and you’ll save up to 30%. For the classic account, the annual fee is €49.95, which is around €4.16 a month. The premium account is €124.95 a year or the equivalent of €10.41 a month.
  • Money transfer fee. You won’t pay a fee on domestic or international transfes up to a certain limit (though your transfer will still be subject to a currency exchange fee). Limit of 50 tranfers each month with Monese Starter, 100 transfers with Monese Classic and 200 transfers with Monese Premium. There’s a €0.20 fee per transfer outside of the respective limit.
  • ATM fees. With the Starter account, ATM withdrawals will set you back €1.50 per withdrawal For Monese Classic you get free ATM withdrawals up to 900 € per month after which a 2% applies. For Monese Premium, you can writhdraw up to 2500 € each month after which a 2% fee applies.

What are the account options with Monese?

Monese offers three account tiers: Simple, Classic and Premium. Each account comes with the features as outlined above, with few differentiating details between the three tiers. Here’s a detailed breakdown of how these accounts work, including fees and features.


Monese offers a number of convenient features with its accounts, of which you can choose between paid and free options. It’s also easy to open an account as you can do so from wherever you live in the European Economic Area (EEA). Monese’s main advantage is money transfers: use its money transfer service to send money abroad, spend in foreign currencies and carry out basic bank transfers such as direct debits.

However, if you’re looking for an account to hold multiple currencies or want to access budgeting tools, you may want to consider other options.

How to sign up to 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 EEA residence permit or passport. (As verified on 18 February 2021, Monese will not accept a driver’s licence as a form of ID). Once you have your ID, be ready to do a quick video selfie of yourself. Your phone must also be capable of receiving text messages.

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Frequently asked questions about Monese

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