{"id":106826,"date":"2018-05-11T14:24:23","date_gmt":"2018-05-11T13:24:23","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=106826"},"modified":"2026-03-23T12:18:48","modified_gmt":"2026-03-23T12:18:48","slug":"revolut-vs-monzo","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/current-accounts\/revolut-vs-monzo","title":{"rendered":"Revolut vs Monzo (with a \u00a320 sign-up bonus!)"},"content":{"rendered":"

These 2 banks offer features like fee-free spending abroad, tools to keep tabs on spending, the ability to view transactions in real time and freeze and unlock your debit card in an instant. But which of these digital banks should you go for? Our in-depth guide compares their features side by side, helping you decide which might suit you best.<\/p>

Revolut's \u00a320 sign-up bonus for new accounts<\/h3>\nRevolut is currently offering a \u00a320 sign-up bonus when you open a new account, making it a strong sign-up incentive compared with any other provider.\n
\n
\nSee deal<\/a>

Revolut vs Monzo: Vital statistics<\/h3>
\n \n
<\/th>\"Revolut<\/a><\/td>\"Monzo<\/a><\/td><\/tr>
Finder score<\/th>9.1<\/span><\/span>Excellent<\/span><\/span><\/td>9.8<\/span><\/span>Excellent<\/span><\/span><\/td><\/tr>
Customer satisfaction survey<\/th>4.5 <\/span>
\u2605\u2605\u2605\u2605\u2605<\/div><\/td>
4.4 <\/span>
\u2605\u2605\u2605\u2605\u2605<\/div><\/td><\/tr>
Free spending abroad<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Arranged overdraft<\/th>No overdrafts<\/td>19%, 29% or 39% EAR<\/td><\/tr>
Representative example<\/th>N\/A<\/td>If you use an arranged overdraft of \u00a31,200, you'll be charged interest at 39% EAR variable. Account fee of \u00a30<\/td><\/tr>
Interest when you're in credit<\/th>0%<\/td>0%<\/td><\/tr>
Branch access<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
FSCS protected<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Sign-up bonus<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Amount<\/th>\u00a320<\/td>N\/A<\/td><\/tr>
Product image<\/th>
\"Revolut<\/td>		\"Monzo\"<\/td><\/tr>
Find out more<\/th>
See account<\/a>
Read review<\/a><\/div><\/td>
Go to site<\/a>
Read review<\/a><\/div><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

You\u2019ll receive a blue and pink two-tone card with the free Revolut \u201cStandard\u201d account<\/a>, while the free Monzo account<\/a> comes with a coral coloured card.<\/p>

Revolut and Monzo don\u2019t have branches, but you can deposit money into your Monzo account at a PayPoint or Post Office branch, for a flat \u00a31 fee (you can pay in between \u00a35 and \u00a3300 in one go, up to a maximum of \u00a31,000 every 6 months). Neither of these accounts pay interest on in-credit balances, but you can apply for an overdraft with Monzo, something that is not available with Revolut.<\/p>

Both Revolut and Monzo have a UK banking licence, which means individual customer funds up to the value of \u00a3120,000 are protected by the Financial Services Compensation Scheme<\/a> (FSCS) if the bank goes bust. <\/p>

In Finder\u2019s 2026 Banking Customer Satisfaction Awards<\/a>, 97% of Revolut customers said they would recommend it, while 93% of Monzo customers saying they would recommend one of its accounts.<\/p>

Finally, Revolut currently runs a number of welcome promotions including a sign-up bonus for new customers where if you open an account, you can receive \u00a320<\/a>.<\/p>

Round 1: App features<\/h3>
\n \n
<\/th>\"Revolut<\/a><\/td>\"Monzo<\/a><\/td><\/tr>
Visual breakdown of spending<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Spending categories<\/th>Customisable<\/td>17<\/td><\/tr>
Set spending budgets<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Set up direct debits in the app<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Top up via bank transfer<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Have salary paid in<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Separate savings accounts<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Round-ups<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Customer service via the app<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Customer service via a telephone line<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Cheque scanning<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Freeze\/unfreeze card in app<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Send money abroad<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Fee for sending money abroad<\/th>Free in SEPA region, between 30p and \u00a35 to send elsewhere<\/td>When sending through Monzo, a fixed fee of between 50p and \u00a32.68, plus a variable amount between 0% and 1.30%. For currencies Monzo can't support, Wise sets the fee.<\/td><\/tr>
Find out more<\/th>
See account<\/a>
Read review<\/a><\/div><\/td>
Go to site<\/a>
Read review<\/a><\/div><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

Revolut and Monzo both have an extensive set of features in their mobile banking apps. There are spending categories in both apps, where your account transactions are automatically grouped in an appropriate category, such as utility bills, transport or eating out. With Revolut you can create and customise your categories, whereas with Monzo they are pre-set.<\/p>

You can also analyse your daily, weekly or monthly spending insights in both apps, which helps you set budgets, as well as receive alerts when payments go in and out of your account.<\/p>

Revolut\u2019s \u201cPockets\u201d (previously called Vaults) and Monzo\u2019s \u201cPots\u201d let you put money aside for specific treats or goals, like a new pair of trainers or saving for a new car. Both also offer a \u201cround-up\u201d tool, where spare change from your transactions can be \u201crounded up\u201d to the nearest pound and put into your savings bucket.<\/p>

You can pay your salary into either your Revolut or Monzo account, manage direct debits and make international payments. Monzo has been using its money transfer partner Wise for overseas transfers, but as of 17 February 2025, you can make transfers directly through Monzo in certain currencies \u2013 these include euros, US dollars, Indian rupees, Australian dollars and Romanian leu.<\/p>

You can freeze or unfreeze your card in both apps, as well as contact both customer service teams through the in-app chats. You can also get hold of the Monzo team on the telephone, but that\u2019s not the case for Revolut.<\/p>

If you have a cheque to pay in, you can scan and pay it in via the Monzo app if it\u2019s value is \u00a3500 or under. Otherwise you can send it into Monzo by post. Revolut, however, doesn\u2019t accept cheque deposits at all \u2013 and you can only deposit cash with a Paysafecash top-up.<\/p>