Updated September 29, 2026 · VaultCue Editorial Team
Monese vs Tomorrow
Monese
Higher score in this comparison
Tomorrow
What sets them apart
| Compare | MoneseReviewSee alternativesSee alternatives | TomorrowReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | £0 | €0 |
| Deposit protection | FSCS up to GBP 85,000 | EU DGS up to EUR 100,000 |
| Currency conversion fee | 3% | 0% to 2%Lower |
| Local account details | IBAN, UK sort codeCovers more | IBAN |
| Free ATM withdrawals | £0 | €1 |
| Transfer fee | GBP 1.29 per outgoing domestic transfer; real-time Monese-to-Monese transfers free | SEPA free; 2% foreign currency fee on non-euro payments with Now |
| Currencies | 3 | Not confirmed |
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Key differences
- Founded is lower at Monese: 2015 vs 2018.
- Monese is licensed in 2 more countries.
- Monese is available in 29 more countries.
- Currency conversion fee is lower at Tomorrow: 0% to 2% vs 3%.
- Local account details: only Monese offers UK sort code.
- Audience: only Monese offers Expats, Travelers, Freelancer.
- Audience: only Tomorrow offers Teen.
- Pricing model: only Monese offers Low FX.
- Features: only Monese offers No credit check.
- Features: only Tomorrow offers Free ATM.
Our verdict on each
Monese
Monese suits expats, frequent travellers and freelancers who want a digital everyday account with nothing to pay each month. Costs stay low with a monthly fee of £0, while the limits on 3 currencies and a 3% conversion charge keep it simple rather than cheap for heavy currency use.
Tomorrow
Tomorrow suits savers who keep a Now, Change or Plus current account and want a savings pot paying a 3.1% rate, with cash available on demand. Deposits sit inside the EU deposit guarantee scheme, and the trade-off is a rate that can move with the provider.
Score breakdown
| Area | Monese | Tomorrow |
|---|---|---|
| Cost | 8.7A monthly fee of £0 and a £20 charge on outgoing domestic transfers, against a 3% conversion fee. | 9.1HigherThe savings account is no monthly fee with a monthly fee of €0, and currency conversion is 0% to 2%. |
| Offer | 9.1Local details in iban and uk sort code formats, Instant transfers and a 3 currency account for expats, travelers and freelancer. | 9.1Savings are easy access, interest is credited monthly and there is no notice period, so the pot stays flexible on a variable rate. |
| Trust | 8.4Higher | 8.2 |
Choosing between them
Pick Monese if local account details matter most.
Pick Tomorrow if cost and currency conversion fee matter most.
Sources behind this comparison
Monese
- monese.com: 14 facts, checked September 26, 2026
Tomorrow
- tomorrow.one: 12 facts, checked September 26, 2026
- support.tomorrow.one: 1 fact, checked September 26, 2026
How they place
| Ranking | Monese | Tomorrow |
|---|---|---|
| Online banks | 167 of 402 | 175 of 402 |
Every fact side by side
| Fact | Monese | Tomorrow |
|---|---|---|
| Audience | Expats, Travelers, Freelancer | Teen |
| Pricing model | No monthly fee, Low FXCovers more | No monthly fee |
| Features | Joint account, Digital only, No credit check | Free ATM, Joint account, Digital only |
| Legal entity | Monese Ltd | Tomorrow GmbH |
| Headquarters | United Kingdom | Germany |
| Founded | 2015Lower | 2018 |
| Support channels | Chat, Email, Help centre | Chat, Email, Help centre |
Money transfer
| Fact | Monese | Tomorrow |
|---|---|---|
| Exchange rate markup | 2% | Not confirmed |
| Delivery time | Instant | Not confirmed |
| Payout methods | Bank, Wallet | Not confirmed |
| Fee to send 1,000 | £20 | Not confirmed |
Where each stands against the rest
| Fact | Monese | Tomorrow | Median |
|---|---|---|---|
| Currency conversion fee | 3%highest quarter | 0% to 2%below the median | 0.5% |
| Currencies | 3below the median | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
Monese
Pros
- Personal accounts carry a monthly fee of £0
- Outgoing domestic transfers cost £20 and transfers between Monese accounts are free
- Transfers land in Instant
Cons
- Converting money costs 3% on top of a 2% exchange rate margin
- A fee of £20 applies to outgoing domestic transfers
- Support runs on chat, email and help centre only, with no phone line listed
Tomorrow
Pros
- The balance is protected at EU DGS up to EUR 100,000
- Support runs on chat, email and help centre, which suits readers who prefer writing things down
- Features listed for the brand include free atm, joint account and digital only, and the free ATM allowance is €1
Cons
- The rate type is variable, so the interest you earn can move rather than being held for a set period
- Support runs on chat, email and help centre only, with no phone line for anyone who would rather talk
- The savings pot only works alongside an open Now, Change or Plus current account
Who each suits
Monese
Who it suits
- Expats and freelancers who send money across borders and are paid in expats, travelers and freelancer setups
- Travellers who want local account details in iban and uk sort code formats
- Anyone who wants a joint account opened with no credit check, since the account is digital only
Who should look elsewhere
- Skrill if you need a much wider range of currencies than 3
- PayPal Colombia if you want a wallet for online payments rather than local account details
- Plazo ES if you would rather reach support by phone than on chat, email and help centre
Tomorrow
Who it suits
- Savers who already hold a Now, Change or Plus current account and want savings in the same app
- Anyone who needs to dip into savings without notice, with interest credited monthly
- Euro-area readers who want local payment details, since the account issues a local IBAN
Who should look elsewhere
- Plazo ES, listed at 24.19%, if the headline figure matters more than getting at the money
- AXI Card Tarjeta y Credito at 21.59%, a card and credit offer rather than a savings balance
- PayPal Colombia at 3.3%, whose rate is close to Tomorrow's, so the switch needs another reason
Current offers
Monese
Current offer
Bonus
Free contactless debit card with a GBP 100 first deposit: Card delivery free (otherwise GBP 4.95) with a GBP 100 first deposit
First physical contactless Monese debit card; otherwise GBP 4.95 delivery fee; available on all plans
Source, checked September 26, 2026
Tomorrow
Current offer
Bonus
Starter interest rate on the savings account: 3.1% p.a. for the first 90 days on balances up to EUR 50,000
New customers who open a Tomorrow account and savings account between September 1 and September 30, 2026; after the first 90 days the regular rate of the chosen account model applies (0.75% Now, 1% Change, 1.5% Plus); German tax ID required; Now customers who opened before 19 February 2025 must upgrade.
Source, checked September 26, 2026
First period offer
Now current account free of charge: EUR 0 per month
Free for anyone under 21 or who deposits EUR 500 into the Tomorrow account every month; otherwise Now costs from EUR 0 per month (Change EUR 8.90, Plus EUR 17.90).
Source, checked September 26, 2026
Country by country
| Country | Monese | Tomorrow |
|---|---|---|
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
| Finland | Yes | No |
8 of 31 countries where either is available.
Questions about each
Monese
Does Monese charge a monthly fee?+
The personal account carries a monthly fee of £0, which is the cheapest end of the accounts compared here. Plazo ES and Skrill also sit on €0 and €0, so you can compare like for like. Nothing is deducted from the balance each month for keeping the account open.
What does it cost to send money out?+
Each outgoing domestic transfer costs £20. Real time transfers from one Monese account to another are free, and the money arrives in Instant. For sending abroad, the cost comes from the 3% conversion charge rather than a transfer fee.
Tomorrow
What rate does the Tomorrow savings account pay?+
The account pays a headline rate of 3.1% and the rate type is variable, so the figure can move rather than being fixed for a set term. Interest is credited monthly and the rate applies within a stated balance cap. In this comparison the brand places 233 on headline rate among 473 brands.
Is there a monthly fee for the savings account?+
There is no monthly charge on the savings account, with the fee listed as €0 a month and the account run on a no monthly fee model. The cost to watch is currency conversion, listed as 0% to 2%, so euro payments are the cheapest route.
Other options to compare
Other matchups
Related by the facts
Monese
Tomorrow