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Updated September 28, 2026 · VaultCue Editorial Team

Chase UK vs monobank

Two accounts side by side: recorded fees, markets, regulation and platforms for Chase UK and monobank, from the same records as each review.
Chase UK

Chase UK

Higher score in this comparison

9.6/10
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monobank

monobank

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Where Chase UK and monobank differ

Chase UK vs monobank
CompareChase UKChase UKReviewSee alternativesSee alternativesmonobankmonobankReviewSee alternativesSee alternatives
Monthly fee£0UAH 0
Deposit protectionFSCS up to GBP 85,000Not confirmed
CurrenciesNot confirmed3
Local account detailsNot confirmedIBAN
Free ATM withdrawalsNot confirmedUAH 50,000
Transfer feeNot confirmed0 UAH for transfers to any IBAN account

Same on both: Currency conversion fee (0%).

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

  • Pricing model: only Chase UK offers No monthly fee, Low FX.
  • Pricing model: only monobank offers Fixed rate.
  • 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.

Read the full Chase UK review

monobank

Monobank offers a headline rate of 16% with a business and freelancer account that costs nothing to run, which suits traders who can leave hryvnia alone for a set term. The trade-off is the minimum you must place and the lock-in, so anyone wanting same-day access should weigh an easy-access account.

Read the full monobank review

Score breakdown

Chase UK vs monobank
AreaChase UKmonobank
Cost9.4Monthly fee of £0 and currency conversion fee of 0% rank first of 500 and 312 brands.Not confirmed
Offer9.8Not confirmed

How they place

Chase UK vs monobank
RankingChase UKmonobank
Savings accounts50 of 14201185 of 1420
Online banks15 of 402328 of 402

Every fact side by side

Chase UK vs monobank
FactChase UKmonobank
AudienceNot confirmedBusiness, Freelancer
Pricing modelNo monthly fee, Low FXFixed rate
FeaturesDigital only, No credit checkCovers moreDigital only
Legal entityJ.P. Morgan Europe LimitedJOINT STOCK COMPANY "UNIVERSAL BANK"
HeadquartersUnited KingdomUkraine
Support channelsChat, Phone, Email, Help centreEmail, Chat, Phone, Help centre

Savings

Chase UK vs monobank
FactChase UKmonobank
Headline rate2.25%16%Higher
Rate typeVariableFixed
TermNot confirmed12 to 24 months
Minimum deposit£0UAH 1,000
Access termsEasy access; on-demand withdrawals, no notice period, up to 10 saver accounts, GBP 25,000 max daily external transfer; Chase current account requiredFixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default
Account kindEasy accessFixed

Where each stands against the rest

Chase UK vs monobank
FactChase UKmonobankMedian
Currency conversion fee0%below the median0%below the median0.5%
CurrenciesNot confirmed3below the median5
Free ATM withdrawalsNot confirmedUAH 50,000at the medianUAH 50,000

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

monobank

Pros

  • A headline rate of 16% on a fixed deposit sits far above PayPal Colombia at 3.3%.
  • The monthly fee is UAH 0, and sending money to another IBAN account costs 0 UAH for transfers to any IBAN account.
  • Currency conversion is 0%, so converting between currencies costs nothing.

Cons

  • The term runs 12 to 24 and the deposit renews itself by default, so a long commitment keeps rolling.
  • A minimum deposit of UAH 1,000 has to sit in the account before the balance starts earning.
  • The headline rate of 16% is below Plazo ES at 24.19% and AXI Card Tarjeta y Credito at 21.59%.

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

monobank

Who it suits

  • A Ukrainian business that can leave its balance alone for 12 to 24 and wants the return fixed.
  • A freelancer paid by Ukrainian clients who wants local account details in the form of iban.
  • A saver who reads the rate before anything else: 16% sits well above the 3% median across the site.

Who should look elsewhere

  • Rate chasers: Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%, both above monobank's 16%.
  • Anyone who needs the money on demand, because the term runs 12 to 24 and the deposit renews itself by default. PayPal Colombia at 3.3% is worth weighing for anyone who accepts a much smaller return.

Country by country

Chase UK vs monobank
CountryChase UKmonobank
UkraineNoYes
United KingdomYesNo

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.

monobank

What rate does monobank pay on its deposit?+

The deposit advertises a headline rate of 16% and the rate is fixed, so the figure holds for the whole placement rather than drifting with the market. For context, PayPal Colombia lists 3.3% on its savings product. That gap is the main reason a saver would pick this account.

How long do I have to leave the money in the deposit?+

The published term is 12 to 24 and the rate is fixed for that whole period. Terms can be taken as a fixed stretch or as a flexible one, so the length you sign up for is a choice rather than a single window. Readers who want shorter placements should set this against an easy-access account.

Other options to compare

Chase UK

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monobank

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