Neobank comparison

Monzo vs N26

Compare Monzo and N26 side by side: fees, regulation, platforms.

Monzo

Best for budgeting

Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape…

N26

Best for the eurozone

N26 pairs a real German banking licence with a clean app, making it the safest-feeling everyday account for p…

Head-to-head comparison

Monzo vs N26
Feature	Monzo	N26
Monthly fee	Free	Free
FX markup	0%	0%
Savings APY	3.50%	2.74%
Currencies	1	1
Card network	Mastercard	Mastercard
Deposit protection	FSCS up to 85,000 GBP	German deposit guarantee (EdB) up to 100,000 EUR
Regulators	-	-
Best for	Best for budgeting	Best for the eurozone
Markets & account

Pros & cons

Monzo

Pros

FSCS-protected UK bank with award-winning budgeting tools
Spending categories, Pots and salary sorting built in
No card fee abroad at the Mastercard exchange rate

Cons

GBP-only, with a monthly free ATM cap abroad
Savings rates run through partner banks, not Monzo itself

N26

Pros

Full German banking licence with 100,000 EUR deposit protection
No card FX fee at the Mastercard rate
Instant savings paying interest from the first euro

Cons

Euro-only balance, so no true multi-currency holding
Only a few free ATM withdrawals per month on the free plan

Monzo

Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape their spending, nothing else comes close on usability.

Visit Monzo Read review

Confirm current fees and rates on the provider's site. T&Cs apply.

N26

N26 pairs a real German banking licence with a clean app, making it the safest-feeling everyday account for people who live and earn in euros.

Visit N26 Read review

Confirm current fees and rates on the provider's site. T&Cs apply.

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