Updated September 29, 2026 · VaultCue Editorial Team
monobank vs Vivid Money
monobank
Vivid Money
Higher score in this comparison
What sets them apart
| Compare | monobankReviewSee alternativesSee alternatives | Vivid MoneyReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 16%Higher | 3% |
| Minimum deposit | UAH 1,000 | €0.010 |
| Access terms | Fixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default | Instant access |
| Monthly fee | UAH 0 | €0 |
| Account kind | Fixed | Easy access |
| Term | 12 to 24 months | Not confirmed |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Regulators | Not confirmed | Commission de Surveillance du Secteur Financier (CSSF), Dutch Authority for Financial Markets (AFM), Netherlands Authority for the Financial Markets (AFM) |
Same on both: Rate type (Fixed).
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Key differences
- Vivid Money is licensed in 1 more country.
- Headline rate is higher at monobank: 16% vs 3%.
- Support channels: only monobank offers Email, Phone.
- Pricing model: only monobank offers Fixed rate.
- Pricing model: only Vivid Money 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.
Vivid Money
Vivid Money suits people who want everyday spending plus savings in the same app without monthly upkeep, with the standard plan priced at €0 a month. Cash stays within instant access pockets that suit flexible savers who also move money across currencies for travel or daily life abroad.
Score breakdown
| Area | monobank | Vivid Money |
|---|---|---|
| Cost | Not confirmed | 9.2Conversion priced at 0.25% keeps cross currency spend modest versus broader market levels |
| Offer | Not confirmed | 9.1Interest pocket pays 3% on instant access balances with low entry threshold |
| Trust | Not confirmed | 8.3Eligible balances covered by EU DGS up to EUR 100,000 with licensed EU supervision |
Where each is licensed and available
| Country | monobank | Vivid Money |
|---|---|---|
| Luxembourg | Not confirmed | |
| Netherlands | Not confirmed | |
| Ukraine | Not confirmed |
Positions in our rankings
| Ranking | monobank | Vivid Money |
|---|---|---|
| Savings accounts | 1185 of 1420 | 496 of 1420 |
| Multi-currency accounts | 313 of 348 | 206 of 348 |
| Online banks | 328 of 402 | 155 of 402 |
| Fixed-rate bonds and CDs | 162 of 188 | 94 of 188 |
Where these facts come from
monobank
- monobank.ua: 11 facts, checked September 26, 2026
Vivid Money
- vivid.money: 11 facts, checked September 29, 2026
- esma.europa.eu: 2 facts, checked September 28, 2026
Every fact side by side
| Fact | monobank | Vivid Money |
|---|---|---|
| Pricing model | Fixed rate | No monthly fee |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | Vivid Money B.V. |
| Headquarters | Ukraine | Netherlands |
| Founded | Not confirmed | 2019 |
| Support channels | Email, Chat, Phone, Help centreCovers more | Chat, Help centre |
Everyday accounts
| Fact | monobank | Vivid Money |
|---|---|---|
| Currency conversion fee | 0%Lower | 0.25% |
| Currencies | 3 | 22Higher |
| Audience | Business, Freelancer | Not confirmed |
| 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 | Free |
Where each stands against the rest
| Fact | monobank | Vivid Money | Median |
|---|---|---|---|
| Headline rate | 16%highest quarter | 3%below the median | 3.25% |
| Term | 12 to 24 monthsat the median | Not confirmed | 24 |
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%.
Vivid Money
Pros
- Transfers cost free, which keeps routine euro moves easy to budget
- Supports 22 currencies and issues IBAN for getting paid across borders
- Savings start from €0.01 with withdrawals under Instant access for flexible access
Cons
- Support runs on chat and help centre only, so callers must use chat or articles
- Account is digital only through digital only, with no branch option for cash service
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.
Vivid Money
Who it suits
- Travellers and expats holding balances across currencies
- Flexible savers wanting instant access pockets in the same app
- App led users happy with chat based service
Who should look elsewhere
- Consider bunq if conversion cost matters most and you want to compare against 3%
- Consider Bit2Me if crypto linked services matter and you want to compare against 0.95%
- Consider eToro if trading features matter and you want to compare upkeep against £0
Country by country
| Country | monobank | Vivid Money |
|---|---|---|
| Ukraine | Yes | No |
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.
Vivid Money
What does Vivid Money charge for the account+
The standard plan is priced at €0 a month, which keeps upkeep predictable for everyday use. Transfers are listed at free, while currency conversion is listed at 0.25% for cross currency moves.
How many currencies can you hold+
Vivid Money supports 22 currencies, which helps if you hold balances for travel or pay across borders. Local euro details come through IBAN, making it easier to receive salary or transfers within the region.
Other options to compare
Other matchups
Related by the facts
monobank
Vivid Money