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Revolut vs Monese in Ireland

Learn how these two digital banks stack up against each other in this review of Revolut and Monese and find the right one for you.

Digital banks 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 smartphone app-based digital banks which provide customers with a simple signup process, quick and easy management of funds, and up to the minute spending & saving insights to make banking 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 bank that’s right for you.

Quick review: Revolut & Monese

Revolut is a digital bank with a clear focus on those whose lives exist in multiple currencies, not just one. Users can hold several currencies in a single account, spend them globally with little to no fees, and make international money transfers all from within the Revolut app.

Just like other digital banks, it also provides an excellent and easy to use interface to give you feedback on your spending habits, savings and more. In addition, Revolut stands out from the crowd thanks to an inbuilt cryptocurrency exchange.

Monese provides on-demand access to the world of digital banking to almost anyone, thanks to it’s simple signup process that doesn’t even require a proof of address or credit check. The core of Monese is a simple and easy to use app which gives you constant feedback and insights on your spending, earning and saving habits.

Monese is available throughout the Eurozone and UK with features that make spending or sending foreign currencies relatively low cost and simple. It has both free and paid account options, with modest additions to each price tier.

Revolut vs Monese side-by-side comparison

Revolut Premium

Monese Classic

Revolut Premium

Monese Classic

OVERVIEW
Description

Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months.


A combined current account and IBAN account with unlimited free currency conversions and international transfers in many currencies.
A dual currency card designed for travellers with no foreign currency fees up to €2,000 per month and foreign transfers in several currencies.
Monthly fees: €7.99 €5.95
Card delivery Express Within 14 days
Mobile wallets Apple Pay
Google Pay
Apple Pay
Google Pay
Supported currencies GBP
SEK
PLN
CHF
DKK
NOK
USD
CZK
CAD
AUD
NZD
HUF
BGN
GEL
RON
EUR
ZAR
TRY
SGD
SAR
RUB
MXN
JPY
ILS
HKD
HRK
QAR
THB
GBP
EUR
Free ATM withdrawals limit €400 per month 900 € per month after which a 2% applies
GLOBAL SPENDING
Currency conversion fee 0 2%
Free currency conversion limit Unlimited Unlimited
EXTRA FEATURES
Savings function Account with interest earned Account with interest earned
Benefits Payment notifications
Spending categorisation
Cryptocurrency
Virtual cards
Cashback
Fast transfers
Web app
Payment notifications
Fast transfers
Web app
Learn more

Revolut Metal

Monese Premium

Revolut Metal

Monese Premium

OVERVIEW
Description

Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months.


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
Card delivery Express Within 14 days
Mobile wallets Apple Pay
Google Pay
Apple Pay
Google Pay
Supported currencies GBP
SEK
PLN
CHF
DKK
NOK
USD
CZK
CNY
CAD
AUD
NZD
HUF
BGN
RON
EUR
ZAR
TRY
SGD
SAR
RUB
MXN
JPY
ILS
HKD
HRK
QAR
THB
GBP
EUR
Free ATM withdrawals limit €800 per month 2500 €
GLOBAL SPENDING
Currency conversion fee 0 0%
Free currency conversion limit Unlimited Unlimited
EXTRA FEATURES
Savings function Account with interest earned Account with interest earned
Benefits Payment notifications
Bill splitting
Spending categorisation
Cryptocurrency
Virtual cards
Lounge access
Insurance covers
Cashback
Fast transfers
Web app
Choice of card colour
Payment notifications
Virtual cards
Fast transfers
Web app
Open multiple bank accounts
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.

Revolut pros and cons

  • Fee-free unlimited currency exchange in 30 traditional currencies (Monday-Friday)
  • Trade cryptocurrencies with ease
  • Purchase protection up to GBP£2,500 each year
  • Free ATM withdrawals up to €400 each month
  • Worldwide travel insurance for medical and dental treatment
  • Lounge access for you and one friend if flights are delayed
  • Saving option to round up to nearest euro
  • Make use of up to 2 Revolut <18 accounts (formally Revolut Junior) for children aged 6 – 17 years old
  • 24/7 priority customer support
  • Easy to use app
  • Poor exchange rates for currency exchange over the weekend
  • 2% ATM withdrawal fee on amounts over the €400 monthly limit
  • No physical branches
  • Customer service is accessible through the live chat option from the app

Monese pros and cons

  • No credit check or proof of address required when signing up
  • Free ATM withdrawals up to €900 each month
  • Offers accounts in EUR, GBP and RON
  • Customer support available in 14 different languages
  • Send money overseas to more than 30 countries
  • Limited foreign currency card spending up to €2,000 with a 2% fee thereafter
  • No physical branches
  • Free accounts limited to three currencies

Verdict

Whether you choose Revolut or Monese should really come down to your needs.

Revolut is a pioneer in travel banking, 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 bank 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 digital banking 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 bank 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 digital banks 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 banking 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 Ireland

1 - 3 of 3
Name Product Mobile view decorator DBS Monthly Fee Free ATM withdrawal limit Supported currencies
N26 Bank Account
  • Monthly fee

    €0

  • Free ATM withdrawal

    3 withdrawals per month

  • Supported currencies

    1

€0
3 withdrawals per month

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Wise Multicurrency Account
  • Monthly fee

    €0

  • Free ATM withdrawal

    2 withdrawals up to €200 per month

  • Supported currencies

    19

€0
2 withdrawals up to €200 per month

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 Standard
  • Monthly fee

    €0

  • Free ATM withdrawal

    €200 per month

  • Supported currencies

    28

€0
€200 per month

28

Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months.

Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and hold an array of currencies in your account.
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Compare up to 4 providers

1 - 7 of 7
Name Product Mobile view decorator DBS Monthly Fee Free ATM withdrawal limit Supported currencies
Revolut Premium
  • Monthly fee

    €7.99

  • Free ATM withdrawal

    €400 per month

  • Supported currencies

    28

€7.99
€400 per month

28

Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months.

A combined current account and IBAN account with unlimited free currency conversions and international transfers in many currencies.
Money Jar Prepaid Mastercard
  • Monthly fee

    €2.99

  • Free ATM withdrawal

    N/A

  • Supported currencies

    1

€2.99
N/A

1

Exclusive offer: Sign up through Finder and receive 6 months of no service fees with MoneyJar. Ts&Cs apply.


Spend only what you have with the Money Jar prepaid Mastercard, which allows you to make mobile, online and POS purchases.
N26 Smart
  • Monthly fee

    €4.90

  • Free ATM withdrawal

    5 free withdrawals per month

  • Supported currencies

    1

€4.90
5 free withdrawals per month

1

A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances.
Revolut Plus
  • Monthly fee

    €2.99

  • Free ATM withdrawal

    €200 per month

  • Supported currencies

    28

€2.99
€200 per month

28

Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months.

Enjoy purchase, event ticket and returns protection, plus other innovative features with this lower-priced subscription plan.
N26 Metal
  • Monthly fee

    €16.90

  • Free ATM withdrawal

    8 withdrawals per month

  • Supported currencies

    1

€16.90
8 withdrawals per month

1

Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers.
N26 You
  • Monthly fee

    €9.90

  • Free ATM withdrawal

    5 withdrawals per month

  • Supported currencies

    1

€9.90
5 withdrawals per month

1

A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
Revolut Metal
  • Monthly fee

    €13.99

  • Free ATM withdrawal

    €800 per month

  • Supported currencies

    28

€13.99
€800 per month

28

Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months.

A premium account with an exclusive Metal card featuring insurances, cashback, concierge service, cryptocurrencies and more.
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Compare up to 4 providers

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