Updated October 13, 2026 · VaultCue Editorial Team
Chase UK vs Moniepoint
Chase UK
Higher score in this comparison
Moniepoint
What sets them apart
| Compare | Chase UKReviewSee alternativesSee alternatives | MoniepointReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | £0 | NGN 0 |
| Deposit protection | FSCS up to GBP 85,000 | Not confirmed |
| Currency conversion fee | 0% | Not confirmed |
| Transfer fee | Not confirmed | Free for Moniepoint-to-Moniepoint transfers to the same BVN; NGN 50 stamp duty on electronic transfers of NGN 10,000 and above |
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Key differences
- Moniepoint is available in 1 more country.
- Support channels: only Chase UK offers Chat.
- Pricing model: only Chase UK offers Low FX.
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.
Moniepoint
Moniepoint leans toward businesses first, so personal everyday banking sits beside merchant tools rather than apart. Moniepoint Inc runs a combined payments, banking and operations platform that serves business owners and their customers across African markets seeking unified daily money management.
Score breakdown
| Area | Chase UK | Moniepoint |
|---|---|---|
| Cost | 9.4Monthly fee of £0 and currency conversion fee of 0% rank first of 500 and 312 brands. | Not confirmed |
| Offer | 9.8Higher | 9.2 |
| Trust | Not confirmed | 8.2 |
Every fact side by side
| Fact | Chase UK | Moniepoint |
|---|---|---|
| Audience | Not confirmed | Business |
| Pricing model | No monthly fee, Low FXCovers more | No monthly fee |
| Features | Digital only, No credit check | Not confirmed |
| Legal entity | J.P. Morgan Europe Limited | Moniepoint Microfinance Bank Limited |
| Headquarters | United Kingdom | Nigeria |
| Founded | Not confirmed | 2019 |
| Support channels | Chat, Phone, Email, Help centreCovers more | Phone, Email, Help centre |
Savings
| Fact | Chase UK | Moniepoint |
|---|---|---|
| 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 |
Where each stands against the rest
| Fact | Chase UK | Moniepoint | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | Not confirmed | 0.5% |
Median across 377 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
Moniepoint
Pros
- Combines payments acceptance, banking and operational tools in one platform.
- Serves more than 20,000,000 business and individual accounts.
- Provides expense cards plus accounting and book keeping support for firms.
Cons
- Business centred design leaves less room for standalone personal banking.
- African market focus limits relevance for people banking elsewhere.
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
Moniepoint
Who it suits
- Business owners managing payments, banking and operations together
- Individuals handling everyday transactions through business linked accounts
Who should look elsewhere
- People seeking personal only banking outside African markets
Current offers
Moniepoint
Current offer
Bonus
Get instant cash back on transfers
Source, checked September 26, 2026
Country by country
| Country | Chase UK | Moniepoint |
|---|---|---|
| Kenya | No | Yes |
| Nigeria | No | Yes |
| United Kingdom | Yes | No |
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.
Moniepoint
What does Moniepoint offer businesses and their customers?+
Moniepoint covers payment acceptance for merchants together with business and personal banking. It also provides operational tools such as expense cards and accounting and book keeping support. Business loans help owners finance inventory and expand.
Who uses Moniepoint?+
Moniepoint serves small businesses through to large companies and also serves their customers. It reports trust from more than 20,000,000 business and individual accounts. Thousands of people around the world rely on it to grow business activity.
Other options to compare
Related by the facts
Chase UK
Moniepoint