Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Monese review for the Netherlands

Enjoy simple spending and fund transfers with this borderless money account.

Monese is a 100% online bank that gives you a current account with no proof of address required. You’re able to sign up for this account, which is a GBP and EUR current account combined, from anywhere, including the Netherlands. 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 the Netherlands so you can decide if it’s right for you.

€ 0

Monthly fee

€ 1.50 + 2%

ATM fee for Euro withdrawals

2%

Currency conversion fee

Details

Product NameMonese Starter
Monthly fee€ 0
Card deliveryUp to 3 working days
Supported currenciesGBP, EUR
Card fee€ 4.95
ATM fee for Euro withdrawals€ 1.50 + 2%
Currency conversion fee2%
Free ATM withdrawal limitN/A
Mobile paymentsApple Pay, Google Pay
Card typeMastercard
More Info

How does Monese work in the Netherlands?

Monese was launched in 2015 as an ‘inclusive, instant and on-demand’ account. You can open a 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. 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). Just download the Monese app, take a selfie and scan your ID document, which can include a passport or ID card. 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 account, a EUR account or a RON account.
  • Joint account. Manage your money with a partner or another person in your life. Simply open a seperate account and start paying for shared bills and other expenditures.
  • 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 Monese Starter and Classic, the fee-free limit extends up to €2,000. 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 19 currencies which are made at the interbank rate, direct debits, standing orders (recurring payments) and the option to pay other Monese users instantly. are also available.
  • ATM withdrawals and cash top-ups. You get a certain number of free ATM withdrawals and cash top-ups each month. The higher tier your account, the higher your limit will be. This is explained in detail in the accounts section further down the page.
  • Card controls. If you lose your card or it’s stolen you’re able to lock it instantly from the Monese app. Then, if you need to, you can unlock it again.
  • 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. Monese offers a simple budgeting tool to help you manage your spending. You’re also able to view your spending by category and receive transaction alerts.
  • Receive your salary. You can have your salary deposited directly into your Monese account.
  • Pots. Reach a savings goal by separating your money into a pot. You can send your money there directly from your main account. It’s also possible to round up your card transactions to save automatically. In a couple of countries, among them UK and the Netherlands, you also get interest.
  • 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. Also, if you reside in a couple of other countries in Europe, among them the Netherlands, you’re able to top up your account with cash. Another way to top up your Monese account is by linking your account with another debit card, through a SEPA credit transfer or a SWIFT payment.

New features from Monese:

  • Add cash to your account with Paysafecash. Rely on easy, fast and secure top-ups across Europe. Monese works with Paysafecash so that you can easily deposit money into your Monese account at payment points across your country. In the German-speaking area, this service is only available in Austria at the moment.
  • Virtual cards. Virtual cards are another tool that can help you manage your money more safely and easily. Just like a normal card, a virtual card has a unique 16-digit number. A virtual map has almost exactly the same features and functions as a real map. You can use it to make payments online or buy directly in the online store using Apple Pay or Google Pay. You will immediately receive a notification when you carry out a transaction. You can block or unblock your card at any time directly via the app.
  • Multi-platform assess. Aside from its mobile app, Monese users can now access their accounts via web browser from their computers.
  • RON – Romanian account numbers and cards. If you have a Romanian ID then you can now open a new RON currency account with a Romanian account number (IBAN) and a RON debit card. This allows you to spend in Romanian Leu and make local bank transfers for free.
  • The Monese Joint Account. Manage your shared expenses with your partner, family member or housemate with ease. Joint account users may deposit their salaries directly into this account, set up direct debits, and manage other payments and bills together.
  • Automatic saving feature. Monese Pots is a money management feature that helps you to achieve saving goals by setting money aside in a sub-account. Users can create multiple ‘pots’ and automatically add money through scheduled payments or rounding up day-to-day card transactions.

Fees and rates

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

  • Monthly fee. The Starter account comes with a €0 monthly fee, the Classic account comes with a €5.95 monthly fee and the Premium account costs €14.95 per month.
  • Annual fee. You can 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.
  • Card fee. The Monese Starter account comes with a one-off card fee of €4.95. This is the cost for the delivery of the card.
  • Currency conversion fee. You won’t pay for a currency conversions up to a certain limit. With both the Starter and Classic accounts, you can receive free currency conversions up to Unlimited. There is no limit with Monese Premium.
  • ATM fees. You can also make free ATM withdrawals up to a certain limit. With the Starter account, you’ll get free ATM withdrawals up to N/A. For Monese Classic you can free ATM withdrawals up to € 900 per month after which a 2% applies. There’s € 2500 limit for Monese Premium.

How do Monese accounts work?

Monese offers three account tiers: Starter, 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.

Verdict

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

You’ll need to be at least 18 years old and live in the European Economic Area (EEA) to sign up for a Monese account. To get started, simply head to Monese’s website or download the Monese app from the iOS app store or Google Play.

When applying, make sure to have your identification documents such as your government-issued ID, driver’s license or passport on hand.

Compare Monese with other digital banks in the Netherlands

1 - 9 of 9
Name Product Mobile View Digital Banks EN Monthly fee Card delivery Mobile payments Supported currencies
Wirex Standard
  • Monthly fee

    € 0

  • Card delivery

    Up to 4 business days

  • Mobile payments

  • Supported currencies

    12

€ 0
Up to 4 business days
Apple Pay, Google Pay

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.
N26 Bank Account
  • Monthly fee

    € 0

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    1

€ 0
Up to 10 working days
Apple Pay, Google Pay

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
Wise Multicurrency Account
  • Monthly fee

    € 0

  • Card delivery

    Up to 14 working days

  • Mobile payments

  • Supported currencies

    17

€ 0
Up to 14 working days
Apple Pay, Google Pay

17

Wise (formerly TransferWise) is an international account for over 50 currencies, with instant, super-cheap money transfer, a card to spend in any currency, bank details to get paid in 30 different countries and multi-currency direct debits.
Revolut Standard
  • Monthly fee

    € 0

  • Card delivery

    Up to 9 working days

  • Mobile payments

  • Supported currencies

    20

€ 0
Up to 9 working days
Apple Pay, Google Pay

20

Enjoy no monthly fee, no currency conversion fees up to € 1,000 per month and the ability to hold up to 16 currencies in your account.
Openbank Open Payment Account
  • Monthly fee

    € 0

  • Card delivery

    N/A

  • Mobile payments

  • Supported currencies

    1

€ 0
N/A
Apple Pay, Google Pay

1

An open payment account with € 0 fees and free domestic and EU transfers. Includes a free debit card with travel benefits.
Nuri
  • Monthly fee

    € 0

  • Card delivery

    Up to 14 days

  • Mobile payments

  • Supported currencies

    1

€ 0
Up to 14 days
Apple Pay, Google Pay, Samsung Pay

1

Invest in cryptocurrencies and enjoy up to 5% interest per year on Bitcoin deposits with this digital bank account
VIALET Current Account
  • Monthly fee

    € 0

  • Card delivery

    Up to 7 working days

  • Mobile payments

  • Supported currencies

    1

€ 0
Up to 7 working days
Apple Pay, Google Pay

1

An IBAN account you can use to manage your money and spend in over 200 countries worldwide, fee-free.
Vivid Standard
  • Monthly fee

    € 0

  • Card delivery

    4-5 days

  • Mobile payments

  • Supported currencies

    1

€ 0
4-5 days
Apple Pay, Google Pay

1

A free bank account with fee-free payments and transfers globally. Enjoy up to 10% cashback per month.
Monese Starter
  • Monthly fee

    € 0

  • Card delivery

    Up to 3 working days

  • Mobile payments

  • Supported currencies

    2

€ 0
Up to 3 working days
Apple Pay, Google Pay

2

A dual currency account with no foreign currency fees up to N/A. Features include budgeting tools and multilingual support.
loading

Compare up to 4 providers

1 - 17 of 17
Name Product Mobile View Digital Banks EN Monthly fee Card delivery Mobile payments Supported currencies
Wirex Premium
  • Monthly fee

    € 9.99

  • Card delivery

    Up to 4 business days

  • Mobile payments

  • Supported currencies

    12

€ 9.99
Up to 4 business days
Apple Pay, Google Pay

12

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

Enjoy revolutionary digital payment features on-the-go, plus exclusive merchant deals and higher rewards when you spend on your Wirex card.
bunq Easy Money Personal
  • Monthly fee

    € 8.99

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    19

€ 8.99
Up to 10 working days
Apple Pay, Google Pay, Fitbit Pay, iDEAL

19

A card linked to up to 25 individual IBAN accounts. Earn interest on all money in your account and benefit from competitive rates and fees.
N26 Metal
  • Monthly fee

    € 16.90

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    1

€ 16.90
Up to 10 working days
Apple Pay, Google Pay

1

Receive a stainless steel Metal card available in 3 shades, an insurance package, exclusive offers, and great rates and fees.
bunq Easy Bank Personal
  • Monthly fee

    € 2.99

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    19

€ 2.99
Up to 10 working days
Apple Pay, Google Pay, Fitbit Pay, iDEAL

19

Benefit from zero FX fees, bill splitting facility, and a wide range of advance payment features with this low-cost digital account.
Revolut Plus
  • Monthly fee

    € 2.99

  • Card delivery

    Up to 9 working days

  • Mobile payments

  • Supported currencies

    20

€ 2.99
Up to 9 working days
Apple Pay, Google Pay

20

A Revolut Plus account gives you the security of all your online purchases with the purchase guarantee, interest on your savings, and many more extras for just a small amount per month
N26 You
  • Monthly fee

    € 9.90

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    1

€ 9.90
Up to 10 working days
Apple Pay, Google Pay

1

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

    € 7.99

  • Card delivery

    Up to 3 working days

  • Mobile payments

  • Supported currencies

    20

€ 7.99
Up to 3 working days
Apple Pay, Google Pay

20

A combined current account and IBAN account with unlimited free currency conversions and international transfers in 30 currencies.
Wirex Elite
  • Monthly fee

    € 29.99

  • Card delivery

    Up to 4 business days

  • Mobile payments

  • Supported currencies

    12

€ 29.99
Up to 4 business days
Apple Pay, Google Pay

12

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

Access supercharged rewards and curated merchant offers in addition to standard Wirex digital payment features and travel card.
bunq Easy Green Personal
  • Monthly fee

    € 17.99

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    19

€ 17.99
Up to 10 working days
Apple Pay, Google Pay, Fitbit Pay, iDEAL

19

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

    € 4.95

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    1

€ 4.95
Up to 10 working days
Apple Pay, Google Pay

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 Metal
  • Monthly fee

    € 13.99

  • Card delivery

    Up to 3 working days

  • Mobile payments

  • Supported currencies

    20

€ 13.99
Up to 3 working days
Apple Pay, Google Pay

20

A premium account with an exclusive Metal card featuring insurances, cashback, concierge service, cryptocurrencies and more.
VIABUY Online Account
  • Monthly fee

    € 1.66

  • Card delivery

    Within 24 hours

  • Mobile payments

  • Supported currencies

    1

€ 1.66
Within 24 hours
Apple Pay, Google Pay

1

A secure, prepaid card that lets you spend worldwide. No credit checks and receive your card within 24 hours.
Triodos Internet Payment Account
Triodos Internet Payment Account
  • Monthly fee

    € 5

  • Card delivery

    N/A

  • Mobile payments

    • Supported currencies

      1

    € 5
    N/A
    iDEAL

    1

    A Triodos internet payment account is an online and mobile banking services for those who want to change the world for the better.
    Monese Premium
    • Monthly fee

      € 14.95

    • Card delivery

      Up to 3 working days

    • Mobile payments

    • Supported currencies

      2

    € 14.95
    Up to 3 working days
    Apple Pay, Google Pay

    2

    A premium card with no fee for international payments, no foreign currency fees and unlimited ATM withdrawals at home and abroad.
    Vivid Premium
    • Monthly fee

      € 9.90

    • Card delivery

      4-5 days

    • Mobile payments

    • Supported currencies

      1

    € 9.90
    4-5 days
    Apple Pay, Google Pay

    1

    A premium bank account with maximised cashback rewards on everyday spending online and in store, including up to 100€ cashback per month.
    Monese Classic
    • Monthly fee

      € 5.95

    • Card delivery

      Up to 3 working days

    • Mobile payments

    • Supported currencies

      2

    € 5.95
    Up to 3 working days
    Apple Pay, Google Pay

    2

    A dual currency card designed for travellers with no foreign currency fees up to Unlimited and foreign transfers in 8 currencies.
    Knab Plus
    Knab Plus
    • Monthly fee

      € 5

    • Card delivery

      3 to 5 working days

    • Mobile payments

    • Supported currencies

      1

    € 5
    3 to 5 working days
    Apple Pay

    1

    Get your complete banking package via the app for only € 5 a month and enjoy multiple (saving) accounts and even a free credit card if you wish.
    loading

    Compare up to 4 providers

    1 - 1 of 1
    Name Product Mobile View Digital Banks EN Monthly fee Card delivery Mobile payments Supported currencies
    Openbank Я42 Debitcard
    • Monthly fee

      € 7.99

    • Card delivery

      N/A

    • Mobile payments

    • Supported currencies

      1

    € 7.99
    N/A
    Apple Pay, Google Pay

    1

    With the Openbank Я42 debit card you can easily spend money worldwide. In addition, for only € 7.99 you can travel stress-free thanks to the flexible travel card plan, which also immediately insures you.
    loading

    Compare up to 4 providers

    Disclaimer: The products listed on this page are not representative of the whole market.

    Have more questions about Monese?

    Picture: Monese

    Go to site