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Updated September 28, 2026 · VaultCue Editorial Team

bunq vs Monzo

bunq scores 8.9 and Monzo 8.9 out of 10. Compare their differences and shared features below.
bunq

bunq

Higher score in this comparison

8.9/10
Visit
Monzo

Monzo

8.9/10
Visit

What sets them apart

bunq vs Monzo
ComparebunqbunqReviewVisitVisitMonzoMonzoReviewVisitVisit
Headline rate3.01%2.75% to 3.5%Higher
Deposit protectionEU DGS up to EUR 100,000FSCS up to GBP 85,000
Access termsWithdraw any amount free up to 2 times a month, rising to 3 free monthly withdrawals after 12 months; interest paid weeklyInstant withdrawals any time, no limits, interest paid monthly, up to 20 Savings Pots, Monzo current account required, aged 16+
Monthly fee€0£0
Minimum depositNot confirmed£0

Same on both: Rate type (Variable), Account kind (Easy access).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Founded is lower at bunq: 2012 vs 2015.
  • bunq is licensed in 6 more countries.
  • bunq is available in 6 more countries.
  • Headline rate is higher at Monzo: 2.75% to 3.5% vs 3.01%.
  • Support channels: only bunq offers Email, Chat.

Our verdict on each

bunq

bunq suits savers who want an easy-access euro account that costs nothing to keep and pays a variable rate with weekly interest, protected by an EU guarantee. The rate of 3.01% is solid rather than remarkable, and support runs on email, chat and help centre only.

Read the full bunq review

Monzo

Monzo suits UK residents who want a fee-free current account, a linked instant-access savings pot and card spending abroad without a markup. The current account runs a monthly fee of £0, savings pay 2.75% to 3.5% variable, and deposits are covered by the FSCS: FSCS up to GBP 85,000.

Read the full Monzo review

Score breakdown

bunq vs Monzo
AreabunqMonzo
Cost9.1Monthly fee of €0 on a no monthly fee account, with a currency conversion fee of 3% on the free plan.9.3HigherCurrent account monthly fee of £0 and a 0% exchange rate markup on foreign-currency card spend.
Offer9.1Rate of 3.01% that is variable, close to the savings median of 3%.9.2HigherInstant-access savings paying 2.75% to 3.5% variable, instant withdrawals, a joint account, 38 currencies and a free cash machine allowance.
Trust8.7Higher8.4

How they place

bunq vs Monzo
RankingbunqMonzo
Savings accounts6 of 142029 of 1420
Business bank accounts3 of 56317 of 563
Student, teen and kids accounts3 of 2738 of 273

Where each is licensed and available

bunq vs Monzo
CountrybunqMonzo
BelgiumNot confirmed
FranceNot confirmed
GermanyNot confirmed
IrelandNot confirmed
ItalyNot confirmed
NetherlandsNot confirmed
SpainNot confirmed
United KingdomNot confirmed

Additional countries for bunq: 7. Additional countries for Monzo: 1.

A third option

eToro has headline rate at 3.8%, against 3.01% for bunq and 2.75% to 3.5% for Monzo.

eToro review

Where these facts come from

bunq

  • bunq.com: 5 facts, checked September 26, 2026
  • help.bunq.com: 4 facts, checked September 26, 2026
  • dnb.nl: 1 fact, checked September 26, 2026
  • en.wikipedia.org: 1 fact, checked September 26, 2026

Monzo

  • monzo.com: 11 facts, checked September 26, 2026
  • en.wikipedia.org: 1 fact, checked September 26, 2026

Every fact side by side

bunq vs Monzo
FactbunqMonzo
Pricing modelNo monthly feeNo monthly fee
Legal entitybunq B.V.Monzo Bank Limited
HeadquartersNetherlandsUnited Kingdom
Founded2012Lower2015
Support channelsEmail, Chat, Help centreCovers moreHelp centre

Everyday accounts

bunq vs Monzo
FactbunqMonzo
Currency conversion fee3%Not confirmed
CurrenciesNot confirmed38
AudienceExpats, Travelers, Business, StudentBusiness, Teen
FeaturesJoint account, Digital onlyCovers moreJoint account
Local account detailsIBANNot confirmed
Free ATM withdrawalsNot confirmed£200
Transfer feeNot confirmed0 for UK transfers and foreign-currency card spend; international transfer up to GBP 9 fixed plus 0-1.80%

Money transfer

bunq vs Monzo
FactbunqMonzo
Exchange rate markupNot confirmed0%
Delivery timeNot confirmedSame day for 95% of customers, average 1 day
Payout methodsNot confirmedBank, Card
Fee to send 1,000Not confirmed£0 to £9

Where each stands against the rest

bunq vs Monzo
FactbunqMonzoMedian
Headline rate3.01%below the median2.75% to 3.5%above the median3.25%
Minimum depositNot confirmed£0below the median£1

Median across 658 listed accounts.

Pros and cons

bunq

Pros

  • The monthly fee is €0 and the pricing model is no monthly fee, so keeping the account open costs nothing each month.
  • Interest is paid weekly and the rate type is variable, so money keeps earning between withdrawals without a term to serve out.
  • Balances are covered by EU DGS up to EUR 100,000, so there is a payout route if the provider fails.

Cons

  • The rate type is variable, so the return follows the base rate and the account ranks 240 of 473 brands on the headline rate.
  • Support runs on email, chat and help centre only, which leaves phone callers with a narrower route in.
  • Features list joint account and digital only, so the service is digital only and there is no branch counter.

Monzo

Pros

  • No monthly fee on the current account: £0
  • No exchange rate markup on foreign-currency card spend: 0%
  • Savings pay a variable rate of 2.75% to 3.5% with instant withdrawals and interest paid monthly

Cons

  • Support runs on help centre only
  • Savings need a Monzo current account first, and the pot sits in an easy access product
  • International transfers charge £0 to £9 plus a percentage, unlike UK transfers and foreign-currency card spend, which cost nothing

Who each suits

bunq

Who it suits

  • People who want an easy-access euro account that pays interest weekly and costs nothing to hold.
  • Travellers and expats, part of the expats, travelers and business bunq targets, who convert currency and want a local IBAN.
  • Students and savers who value EU DGS up to EUR 100,000 over a higher rate.

Who should look elsewhere

  • Anyone chasing a top fixed rate, since 24.19% at plazo pays far more.
  • Customers who need a phone helpline, as support runs on email, chat and help centre only.
  • Anyone wanting a branch counter, because features list joint account and digital only and the service is digital only.

Monzo

Who it suits

  • UK adults and teens who want everyday spending with no monthly cost
  • Savers who want instant access to their money without a notice period
  • Travellers who spend abroad often, given the 0% markup and 38 currencies

Who should look elsewhere

  • Anyone chasing a fixed-term rate, since the savings rate is variable and money comes out instantly
  • People who want phone or email help, because support runs on help centre only
  • Shoppers who only need a wallet for online payments can look at PayPal Colombia instead, where the monthly fee is $0

Current offers

Monzo

Current offer

  • Free trial

    3 month free trial of YouTube Premium Lite included with the Max plan: 3 months free YouTube Premium Lite

    Max plan subscribers, aged 18-69, 3 month minimum term, UK residents, Ts&Cs apply

    Source, checked September 26, 2026

Country by country

bunq vs Monzo
CountrybunqMonzo
BelgiumYesNo
FranceYesNo
GermanyYesNo
IrelandYesNo
ItalyYesNo
NetherlandsYesNo
SpainYesNo
United KingdomNoYes

Questions about each

bunq

What does bunq charge to keep a savings account?+

The monthly fee is €0 and the account is priced on a no monthly fee basis, so there is no recurring charge to keep it open. The one cost to watch when you spend abroad is currency conversion at 3% on the free plan. Interest is still paid weekly with no fee deducted.

How much interest does the account pay?+

The rate is 3.01% and the rate type is variable, so the figure follows the base rate instead of being fixed to a term. Across the savings accounts on the site, the median headline rate is 3%, which puts bunq near the middle. Interest is credited weekly rather than monthly.

Monzo

What does Monzo charge each month?+

The current account has a monthly fee of £0, and the pricing model it runs on is no monthly fee. The savings side carries no monthly charge either, with a minimum deposit of £0. The legal entity behind both is Monzo Bank Limited.

Is my money protected?+

Deposits are covered by the FSCS: FSCS up to GBP 85,000. In the UK the account is regulated by the Financial Conduct Authority and the Prudential Regulation Authority, so it is a bank rather than an e-money wallet. The legal entity is Monzo Bank Limited, based in the United Kingdom.

Other options to compare

bunq

Visit

Monzo

Visit