Lunar
Pros
- Full Nordic banking licence with deposit protection
- Savings, investing and crypto in one app
- Strong coverage across Denmark, Sweden and Norway
Cons
- Focused on the Nordic region only
- Premium features sit behind paid tiers
Neobank comparison
Lunar vs Monese
Compare Lunar and Monese side by side: fees, regulation, platforms.
Lunar
Best for the Nordics
Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single r…
VS
Monese
Best for newcomers without local credit history
Monese earns its place as an entry account for new arrivals who cannot yet pass a traditional bank's checks, …
Head-to-head comparison
| Feature | Lunar | Monese |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 2.50% |
| Savings APY | 2.50% | - |
| Currencies | 4 | 3 |
| Card network | Mastercard | Mastercard |
| Deposit protection | Nordic deposit guarantee up to 100,000 EUR | Safeguarded (FCA-authorised e-money) |
| Regulators | - | - |
| Best for | Best for the Nordics | Best for newcomers without local credit history |
| Markets & account | ||
Pros & cons
Monese
Pros
- Open an account without a UK credit history or proof of address
- Holds GBP and EUR with local account details
- Fast app-based onboarding for migrants and expats
Cons
- FX fees on the free plan are higher than peers
- Safeguarded e-money, not deposit-guarantee protected
Lunar
Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single regulated app.
Confirm current fees and rates on the provider's site. T&Cs apply.
Monese
Monese earns its place as an entry account for new arrivals who cannot yet pass a traditional bank's checks, with multi-currency basics built in from day one.
Confirm current fees and rates on the provider's site. T&Cs apply.
Not the right match?
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