Monese Premium



The more expensive offering is the best if you don’t want to care about the fees. It’s definitely the best if you travel a lot and withdraw often cash and for expat that transfer money to their home country. For 14.95$ per month, you get your free contactless debit card, free ATM cash withdrawals and free currency exchange. From now, you can have a Romanian account with a local IBAN. So With your new RON account, you’ll be able to shop, spend and save like a true local, using the country’s currency, the Romanian Leu.
Monese was among the very first banks in the United Kingdom to only be available via a mobile app. It services more than 600,000 users in 20 European countries, moving over 2.5 billion US dollars a year. 75% of incoming funds from salary payments.
Monese has been officially named ‘Best Challenger-Bank’ in Europe and was even awarded 1.1 million euros by the European Commission for research and innovation.
Score
Likes
- Apple pay/Google pay
- App very user friendly
- UK & EU IBAN Account
- No fees on transaction, currency conversion and withdrawals
- Easy to set up
- Virtual card
Dislikes
- No insurance
Open account | Close account | Domestic ATM Transaction | International ATM Transaction | Foreign exchange fee | Monthly service fee | Loading fee | Shipping cost |
---|---|---|---|---|---|---|---|
Free | Free | Unlimited | Unlimited | Mastercard currency conversion rate | 14.95€ | Free | Free |
Network | Insurance | Rewards | Card type | App | Transfer between user | Physical Card | Virtual Card | Apple Pay | Android Pay |
---|---|---|---|---|---|---|---|---|---|
Mastercard | No | No | Debit | Yes | Yes | Yes | No | Yes | Yes |
Value dail online transaction | Single ATM transaction limit | Daily ATM withdrawal limit | Monthly ATM withdrawal limit | Max single top-up value | Max daily load | Max daily limit bank transfers |
---|---|---|---|---|---|---|
7’000 GBP | 300 GBP | 300 GBP | No limit | 300 GBP | 40’000 GBP |
Multiple currency | Currency | Country avaibility |
---|---|---|
YES | GBP/EUR | UK & EU |
Bitcoin | Other crypto | Transfer In/Out crypto | Without KYC |
---|---|---|---|
No | No | No | No |
IBAN | Country IBAN | Wire transfer | Trading | Banking license |
---|---|---|---|---|
Yes | UK & EU | Yes | No | No |