Updated September 28, 2026 · VaultCue Editorial Team
monobank vs Paysera
monobank
Paysera
Higher score in this comparison
monobank vs Paysera: the differences
| Compare | monobankReviewSee alternativesSee alternatives | PayseraReviewSee alternativesSee alternatives |
|---|---|---|
| Rate type | Fixed | Variable |
| Access terms | Fixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default | Easy-access multi-currency IBAN account with instant SEPA transfers 24/7; account administration free, 10 EUR/month charged only after 1 year with no login or payment |
| Monthly fee | UAH 0 | €0 |
| Account kind | Fixed | Easy access |
| Headline rate | 16% | Not confirmed |
| Term | 12 to 24 months | Not confirmed |
| Minimum deposit | UAH 1,000 | Not confirmed |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
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Key differences
- Paysera is available in 83 more countries.
- Support channels: only monobank offers Chat.
- Pricing model: only monobank offers Fixed rate.
- Pricing model: only Paysera offers No monthly fee.
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.
Paysera
Paysera suits businesses holding several currencies and settling in euro. Fees are €0 a month, the rate is variable, and balances sit under EU DGS up to EUR 100,000.
Score breakdown
| Area | monobank | Paysera |
|---|---|---|
| Cost | Not confirmed | 9.1Monthly fee is €0 and transfers in other currencies carry €0, with a variable rate. |
| Offer | Not confirmed | 9.1 |
Where each is licensed and available
| Country | monobank | Paysera |
|---|---|---|
| Lithuania | Not confirmed | LT_BL PSD_EMI LT_LT_BL_300060819 |
| Ukraine | Not confirmed |
Available in 1 country for both. Additional countries for Paysera: 83.
Where they rank in our lists
| Ranking | monobank | Paysera |
|---|---|---|
| Savings accounts | 1185 of 1420 | 288 of 1420 |
| Business bank accounts | 452 of 563 | 118 of 563 |
| Multi-currency accounts | 313 of 348 | 115 of 348 |
| Online banks | 328 of 402 | 85 of 402 |
What we checked
monobank
- monobank.ua: 11 facts, checked September 26, 2026
Paysera
- paysera.com: 6 facts, checked September 26, 2026
- euclid.eba.europa.eu: 3 facts, checked September 26, 2026
Every fact side by side
| Fact | monobank | Paysera |
|---|---|---|
| Pricing model | Fixed rate | No monthly fee |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | "Paysera LT", UAB |
| Headquarters | Ukraine | Lithuania |
| Support channels | Email, Chat, Phone, Help centreCovers more | Phone, Email, Help centre |
Everyday accounts
| Fact | monobank | Paysera |
|---|---|---|
| Licence type | Not confirmed | E money |
| Currency conversion fee | 0% | Not confirmed |
| Currencies | 3 | 30Higher |
| Audience | Business, FreelancerCovers more | Business |
| Features | Digital only | Digital only |
| Local account details | IBAN | IBAN |
| Free ATM withdrawals | UAH 50,000 | Not confirmed |
| Transfer fee | 0 UAH for transfers to any IBAN account | SEPA/SEPA Instant: 30 free per month, then 0.30 EUR per transfer (private client) |
Money transfer
| Fact | monobank | Paysera |
|---|---|---|
| Delivery time | Not confirmed | Immediately in EUR within Paysera network and SEPA; USD from 1 hour up to 1 business day; GBP 1 to 3 business days |
| Payout methods | Not confirmed | Bank, Cash pickup, Card |
| Fee to send 1,000 | Not confirmed | €0 |
Where each stands against the rest
| Fact | monobank | Paysera | Median |
|---|---|---|---|
| Headline rate | 16%highest quarter | Not confirmed | 3.25% |
| Term | 12 to 24 monthsat the median | Not confirmed | 24 |
| Minimum deposit | UAH 1,000at the median | Not confirmed | UAH 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%.
Paysera
Pros
- Account administration is free, with a monthly charge only after a long stretch with no login or payment
- Balances are covered by EU DGS up to EUR 100,000 under the EU deposit guarantee
- 30 currencies with iban for receiving payments
Cons
- The rate is variable, so the return on balances can change
- Transfers in other currencies carry €0 and can take longer than euro ones
- The account is digital only, so everything runs through the app
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.
Paysera
Who it suits
- Businesses that invoice in several currencies and settle in euro
- Firms paying suppliers abroad through SEPA transfers
- Anyone who wants a euro IBAN with no monthly charge
Who should look elsewhere
- AXI Card Tarjeta y Credito, whose rate is fixed and suits card users rather than multi-currency holders
- Plazo ES, whose rate is fixed for a fixed term rather than easy access
- XTB, whose FSCS up to GBP 85,000 sits under a different scheme
Country by country
| Country | monobank | Paysera |
|---|---|---|
| Albania | No | Yes |
| Algeria | No | Yes |
| Argentina | No | Yes |
| Armenia | No | Yes |
| Australia | No | Yes |
| Austria | No | Yes |
| Azerbaijan | No | Yes |
| Bahrain | No | Yes |
8 of 84 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.
Paysera
How much does a Paysera account cost each month?+
Account administration is free, and the monthly fee is €0. A charge applies only after a full year with no login or payment, so a quiet account is not billed for the first stretch. There is also a fee per transfer once the free allowance is used up.
What happens to my money if Paysera fails?+
Eligible balances are covered by EU DGS up to EUR 100,000, which is paid by the national deposit guarantee scheme. The licence behind the account is PSD_EMI LT_LT_BL_300060819. Balances held above the guarantee limit sit outside that cover, so larger sums may be worth keeping elsewhere.
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monobank
Paysera