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Monabanq review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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.

Our verdict

Monabanq fits current account holders who want savings alongside everyday banking, with money reachable at any time. Price is the weak spot: the account charges €3 a month and sits at 432 of 500 brands ranked on monthly fee, well above the €0 site median.

Key facts

Best for
Current account holders who want a savings pot with immediate access and low conversion costs.
Monthly fee
€3↗
Deposit protection
EU DGS up to EUR 100,000↗
Legal entity
Monabanq↗
Headquarters
France↗
Founded
2006↗
Support channels
Phone, Chat, Email, Help-centre↗
Audience
Travelers, Students, Teens
Pricing model
Low FX fees
Features
Joint account
Official website
monabanq.com

Savings

Headline rate
3%↗
Rate type
Variable↗
Minimum deposit
€10↗
Access terms
Immediate availability; only for holders of a Monabanq current account; minimum first deposit 10 EUR↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataX

Pros and cons

Pros

  • Deposits are covered by EU DGS up to EUR 100,000, so savings sit inside the EU scheme's limit.
  • Access is easy access, so money can be taken out whenever it is needed rather than sitting in a term.
  • Conversion costs are kept low under a low fx model, and the account is built for travelers, student and teen.
  • A joint account is offered, so a pair can share the same account.

Cons

  • The monthly charge is €3, higher than the €0 site median, so the savings rate has to earn its keep.
  • The savings account is only open to holders of a Monabanq current account, so it cannot stand on its own as a savings home.
  • The rate is variable, so the headline 3% is a starting point rather than a fixed return.
Monabanq

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Scored 8.9 / 10 by VaultCue.

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Who it suits

  • Current account holders who want savings in the same place, since the savings account needs a Monabanq current account.
  • Teenagers, students and travellers, the groups the account is built for.
  • People who want their savings reachable straight away, since access is easy access.

Who should look elsewhere

  • Anyone who will not pay a monthly charge: bunq charges €0 a month.
  • Budget-first households, since bunq Spain Bank Account also charges €0 a month against Monabanq's €3.
  • Savers who want a fixed return rather than a variable rate.

Rates and terms

Monabanq's savings pay a headline rate of 3%, and the rate type is variable, so the headline figure can change rather than hold for a set period. The site median for headline rates is 3%, which places Monabanq around the middle of the range compared with the savings accounts listed here. A variable rate also means the advertised number is a starting point, not a promise for a term.

Who runs it

The legal entity behind Monabanq is Monabanq, headquartered in France, and the company has been running since 2006, which gives it a long track record in the French market. Support runs on phone, chat and email, so a phone line, chat, email and a help centre are all listed, rather than a single channel being the only route to help.

How Monabanq compares

Where Monabanq is available

Available
France

Countries from its affiliate programme (Source)

Frequently asked questions

What does Monabanq cost each month?+

The account carries a monthly fee of €3. The site median for monthly fees is €0, and Monabanq sits at 432 of 500 brands on that measure. bunq charges €0 and Pixpay FR charges €3.99, so the gap is the main thing to weigh.

What rate do I get on savings with Monabanq?+

The savings side pays a headline rate of 3%, and the rate type is variable, so the figure can move rather than holding for a term. The site median for headline rates is 3%, which puts Monabanq in the middle of the range rather than near the top of it.

Is my money protected at Monabanq?+

Deposits are covered by EU DGS up to EUR 100,000, so money held with Monabanq sits inside the EU scheme's ceiling. The figure is a limit on eligible deposits rather than a promise on any balance, so it is worth keeping more than the limit outside the account.

Do I need a current account to open the savings account?+

The savings account is only open to holders of a Monabanq current account, so it cannot be opened on its own. Availability is immediate once the account is running, and the minimum deposit is €10, which keeps the opening step small.

Who is the Monabanq account built for?+

The account is built for travelers, student and teen, so teenagers, students and travellers are the groups it is aimed at. The monthly charge of €3 is the figure to weigh for anyone on a tight budget, and a low fx model keeps conversion costs down when money is spent abroad.

Can I reach my savings quickly?+

Access is easy access, and money is available immediately, so savings do not have to sit for a term to earn. A joint account is also offered, so a pair can hold the same savings together rather than opening separate ones.

How much does it cost to convert currency with Monabanq?+

Conversion costs are kept low under a low fx model. Across the brands listed here the median conversion fee is 0.5%, so a low-cost model matters for anyone spending in another currency regularly.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currency conversion fee, Currencies.

Monabanq

Monabanq

Current account holders who want a savings pot with immediate access and low conversion costs.

8.9/10See alternatives