Updated September 28, 2026 · VaultCue Editorial Team
Chase UK vs MoMo
Chase UK
Higher score in this comparison
MoMo
Where Chase UK and MoMo differ
| Compare | Chase UKReviewSee alternativesSee alternatives | MoMoReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | £0 | ₫0 |
| Currency conversion fee | 0%Lower | 2% |
| Deposit protection | FSCS up to GBP 85,000 | Not confirmed |
| Currencies | Not confirmed | 1 |
| Free ATM withdrawals | Not confirmed | ₫30,000,000 |
| Transfer fee | Not confirmed | Bank cash-out free up to 30,000,000 VND per month, then 0.5% of transaction value; 1% of transaction value once the monthly total exceeds 100,000,000 VND |
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Key differences
- Chase UK scores higher overall: 9.6 vs 8.8.
- Currency conversion fee is lower at Chase UK: 0% vs 2%.
- Pricing model: only Chase UK offers Low FX.
- Features: only Chase UK offers No credit check.
Our verdict on each
Chase UK
Chase UK suits people who want a current account and savings in one app, with a monthly fee of £0 and a currency conversion fee of 0%. The saver pays 2.25% at a variable rate with easy access, and a Chase current account is required to hold it.
MoMo
MoMo is a digital wallet for people living in Vietnam who want everyday payments handled from a phone rather than a branch. It charges a monthly fee of VND 0 and holds a State Bank of Vietnam licence, and it covers 1 currency, which points to a local account.
Score breakdown
| Area | Chase UK | MoMo |
|---|---|---|
| Cost | 9.4HigherMonthly fee of £0 and currency conversion fee of 0% rank first of 500 and 312 brands. | 8.6The monthly fee is VND 0 and the transfer fee is VND 0, but conversion at 2% sits above the site median of 0.5%. |
| Offer | 9.8Higher | 9.0 |
| Trust | Not confirmed | 8.8 |
How they place
| Ranking | Chase UK | MoMo |
|---|---|---|
| Online banks | 15 of 402 | 146 of 402 |
Every fact side by side
| Fact | Chase UK | MoMo |
|---|---|---|
| Audience | Not confirmed | Teen, Student, Business |
| Pricing model | No monthly fee, Low FXCovers more | No monthly fee |
| Features | Digital only, No credit checkCovers more | Digital only |
| Legal entity | J.P. Morgan Europe Limited | Mobile Services Joint Stock Company (M_Service JSC) |
| Headquarters | United Kingdom | Vietnam |
| Founded | Not confirmed | 2007 |
| Support channels | Chat, Phone, Email, Help centre | Phone, Email, Help centre, Chat |
Savings
| Fact | Chase UK | MoMo |
|---|---|---|
| Headline rate | 2.25% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | £0 | Not confirmed |
| Access terms | Easy access; on-demand withdrawals, no notice period, up to 10 saver accounts, GBP 25,000 max daily external transfer; Chase current account required | Not confirmed |
| Account kind | Easy access | Not confirmed |
Money transfer
| Fact | Chase UK | MoMo |
|---|---|---|
| Delivery time | Not confirmed | Instant |
| Payout methods | Not confirmed | Bank, Cash pickup, Wallet |
| Fee to send 1,000 | Not confirmed | ₫0 |
Where each stands against the rest
| Fact | Chase UK | MoMo | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | 2%above the median | 0.5% |
| Currencies | Not confirmed | 1lowest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Chase UK
Pros
- No monthly fee on the current account, at £0
- Currency conversion fee of 0%, first of 312 brands
- Savings pays 2.25% at a variable rate, variable, with easy access and no notice period
Cons
- The savings account needs a Chase current account, so it cannot stand alone
- The saver rate is variable, so it moves with the Bank Rate and is not locked in
- Support runs through chat, phone and email only, and the service is digital-only
MoMo
Pros
- No monthly charge, listed at VND 0 for the everyday account
- Transfers land Instant, so payments and payouts clear quickly
- Cash-out reaches banks, pick-up points and wallets through bank, cash pickup and wallet
Cons
- Currency conversion costs 2%, above the site median of 0.5%
- Only 1 currency is covered, against a site median of 5
- The account is digital only, so there is no branch to visit
Who each suits
Chase UK
Who it suits
- People in the UK who want one app for current account and savings
- Savers who want easy access rather than a fixed term
- Anyone who spends in other currencies and wants a low conversion fee
Who should look elsewhere
- Anyone wanting a standalone savings account, since a Chase current account is required
- Savers who want a fixed rate, since the rate is variable
- People who prefer in-person service, since the service is digital-only
MoMo
Who it suits
- Teenagers and students who pay and receive money by phone
- Small businesses in Vietnam taking daily payments from customers
- Anyone who wants money to move instantly inside the country
Who should look elsewhere
- Skrill or Plazo ES, euro wallets at a €0 monthly fee for another market
- PayPal Colombia, whose cross-border reach suits international payments more than local ones
- Anyone who wants a branch to visit, since the account is digital only
Current offers
MoMo
Current offer
Country by country
| Country | Chase UK | MoMo |
|---|---|---|
| United Kingdom | Yes | No |
| Vietnam | No | Yes |
Questions about each
Chase UK
What does Chase UK cost to run?+
The current account carries a monthly fee of £0, so day to day banking costs nothing in fees. The currency conversion fee is 0%, ranking first of 312 brands. There is no separate charge listed for the savings account either.
How is my money protected?+
Deposits sit under the FSCS up to GBP 85,000. The account is provided by J.P. Morgan Europe Limited, which is headquartered in the United Kingdom. The same legal entity backs both the current account and the saver, so that protection figure applies across the relationship.
MoMo
Does MoMo charge a monthly fee?+
No. The monthly fee is VND 0, and the service runs on a no-monthly-fee model. The transfer fee is also listed at VND 0, with charges applying only once cash-out allowances are passed. The free tier is what most everyday users rely on.
What does it cost to change currency?+
Currency conversion costs 2%. That is above the 0.5% median across the brands on the site, and MoMo sits at 214 of 312 on this measure, so conversion is the weak point of an otherwise free service.
Other options to compare
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Chase UK
MoMo