Neobank comparison
Compare Monese and Wise side by side: fees, regulation, platforms.
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, …
Best for multi-currency and FX
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local accou…
| Feature | Monese | Wise |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 2.50% | 0.43% |
| Savings APY | - | 3.39% |
| Currencies | 3 | 40 |
| Card network | Mastercard | Mastercard |
| Deposit protection | Safeguarded (FCA-authorised e-money) | Safeguarded (FCA-authorised e-money) |
| Regulators | - | - |
| Best for | Best for newcomers without local credit history | Best for multi-currency and FX |
| Markets & account | ||
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.
Wise
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local account details make it the account to hold foreign currency in.
Confirm current fees and rates on the provider's site. T&Cs apply.
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