Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Updated September 28, 2026 · VaultCue Editorial Team

monobank vs N26

Two accounts side by side: recorded fees, markets, regulation and platforms for monobank and N26, from the same records as each review.
N26

N26

Higher score in this comparison

9.1/10
Visit
monobank

monobank

See alternatives

What sets them apart

monobank vs N26
ComparemonobankmonobankReviewSee alternativesSee alternativesN26N26ReviewVisitVisit
Headline rate16%Higher0.3% to 1.5%
Rate typeFixedVariable
Access termsFixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default100% flexible: deposit and withdraw any amount, whenever you want
Monthly feeUAH 0€0
Account kindFixedEasy access
Term12 to 24 monthsNot confirmed
Minimum depositUAH 1,000Not confirmed
Deposit protectionNot confirmedEU DGS up to EUR 100,000

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

  • N26 is available in 20 more countries.
  • Headline rate is higher at monobank: 16% vs 0.3% to 1.5%.
  • Pricing model: only monobank offers Fixed rate.
  • Pricing model: only N26 offers No monthly fee, Low FX.

Our verdict on each

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

N26

N26 suits people who want banking costs to stay flat and who move money across currencies often: the monthly fee is €0 and the currency conversion fee is 0%. It is aimed at expats, travelers, students and teens, and savings sit alongside the everyday account.

Read the full N26 review

Score breakdown

monobank vs N26
AreamonobankN26
CostNot confirmed9.4Fees of €0 monthly and 0% to convert sit at position 1 of 500 and 1 of 312.
OfferNot confirmed9.5Aimed at expats, travelers and student, holding from 35 currencies, with a joint account, digital-only service and easy-access savings.
TrustNot confirmed8.5

Where they rank in our lists

monobank vs N26
RankingmonobankN26
Savings accounts1185 of 142022 of 1420
Online banks328 of 4029 of 402

Where each is licensed and available

monobank vs N26
CountrymonobankN26
GermanyNot confirmed
UkraineNot confirmed

Additional countries for monobank: 1. Additional countries for N26: 21.

Also worth a look

Mercado Pago has headline rate at 105%, against 16% for monobank and 0.3% to 1.5% for N26.

Mercado Pago review

Where these facts come from

monobank

  • monobank.ua: 11 facts, checked September 26, 2026

N26

  • n26.com: 11 facts, checked September 26, 2026

Every fact side by side

monobank vs N26
FactmonobankN26
Pricing modelFixed rateNo monthly fee, Low FX
Legal entityJOINT STOCK COMPANY "UNIVERSAL BANK"N26 Bank SE
HeadquartersUkraineGermany
FoundedNot confirmed2013
Support channelsEmail, Chat, Phone, Help centreEmail, Chat, Phone, Help centre

Everyday accounts

monobank vs N26
FactmonobankN26
Currency conversion fee0%0%
Currencies3from 35
AudienceBusiness, FreelancerExpats, Travelers, Student, Teen
FeaturesDigital onlyFree ATM, Joint account, Digital onlyCovers more
Local account detailsIBANIBAN
Free ATM withdrawalsUAH 50,000€2
Transfer fee0 UAH for transfers to any IBAN accountFree: no extra charge for Wise-powered international transfers; MoneyBeam domestic transfers free

Money transfer

monobank vs N26
FactmonobankN26
Exchange rate markupNot confirmed0%
Delivery timeNot confirmedInstant to 1 business day
Payout methodsNot confirmedBank, Card
Fee to send 1,000Not confirmed€0

Where each stands against the rest

monobank vs N26
FactmonobankN26Median
Headline rate16%highest quarter0.3% to 1.5%lowest quarter3.25%
Term12 to 24 monthsat the medianNot confirmed24
Minimum depositUAH 1,000at the medianNot confirmedUAH 1,000

Median across 658 listed accounts.

Pros and cons

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%.

N26

Pros

  • Deposits are protected through EU DGS up to EUR 100,000, with N26 Bank SE supervised by BaFin in Germany.
  • The savings pot is easy access and fully flexible, so deposits and withdrawals happen in any amount, whenever you want.
  • Support is broad for an app-based bank, running on email, chat and phone.

Cons

  • The savings rate is variable and sits at 0.3% to 1.5%, below the 3% median across savings accounts on the site.
  • Local payment details run on iban, so UK sort codes and US ACH numbers are not part of the standard setup.

Who each suits

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.

N26

Who it suits

  • Expats, travelers, students and teens who want spending and savings in the same app, with from 35 currencies to hold.
  • Readers who move money across borders, since transfers arrive in Instant to 1 business day and pay out to a bank account or a card.

Who should look elsewhere

  • Pixpay FR, because its monthly fee of €3.99 suits readers who will put regular use through the account rather than those who want a fee-free everyday account.
  • bunq Spain Bank Account, because a currency conversion fee of 3% suits readers banking mainly in euros and converting rarely.

Current offers

N26

Current offer

  • Bonus

    1% travel cashback: 1% cashback for up to 12 months on qualifying Mastercard transactions outside the EEA, Switzerland and the UK

    N26 Go and Metal customers only; enrolment required via in-app message, email or push notification; up to 12 months

    Source, checked September 26, 2026

Country by country

monobank vs N26
CountrymonobankN26
AustriaNoYes
BelgiumNoYes
DenmarkNoYes
EstoniaNoYes
FinlandNoYes
FranceNoYes
GermanyNoYes
GreeceNoYes

8 of 22 countries where either is available.

Questions about each

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.

N26

What does N26 cost to keep open each month?+

The everyday account is free to run: the monthly fee is €0, and N26 sits at position 1 of 500 brands on that column. Spending, savings and support all sit in the same app, so holding the account costs nothing to maintain.

How much does it cost to convert or send money abroad?+

Foreign currency conversion costs 0%, and the exchange rate margin is 0%. The transfer fee is free: no extra charge is added to Wise-powered international transfers, and MoneyBeam domestic transfers are free. That keeps the cost of moving money abroad close to nothing.

Other options to compare

N26

Visit

monobank

See alternatives