Updated October 17, 2026 · VaultCue Editorial Team
Monzo vs Skrill Prepaid Mastercard
Monzo
Skrill Prepaid Mastercard
Higher score in this comparison
Monzo vs Skrill Prepaid Mastercard: the differences
| Compare | MonzoReviewVisitVisit | Skrill Prepaid MastercardReviewVisitVisit |
|---|---|---|
| Currencies | 38 | 40Higher |
| Transfer fee | 0 for UK transfers and foreign-currency card spend; international transfer up to GBP 9 fixed plus 0-1.80% | Free |
| Monthly fee | £0 | Not confirmed |
| Licence type | Not confirmed | E money |
| Deposit protection | FSCS up to GBP 85,000 | Not confirmed |
| Free ATM withdrawals | £200 | Not confirmed |
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Key differences
- Skrill Prepaid Mastercard scores higher overall: 9.0 vs 8.9.
- Founded is lower at Skrill Prepaid Mastercard: 2001 vs 2015.
- Currencies is higher at Skrill Prepaid Mastercard: 40 vs 38.
- Support channels: only Skrill Prepaid Mastercard offers Phone, Chat.
Our verdict on each
Monzo
Monzo suits UK residents who want a fee-free current account, a linked instant-access savings pot and card spending abroad without a markup. The current account runs a monthly fee of £0, savings pay 2.75% to 3.5% variable, and deposits are covered by the FSCS: FSCS up to GBP 85,000.
Skrill Prepaid Mastercard
For active online players and international senders backed by millions of customers since 2001, Skrill Prepaid Mastercard works differently from a standard bank linked card. It connects prepaid spending to a digital wallet covering online payments, bank transfers and over 40 cryptocurrencies.
Score breakdown
| Area | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| Cost | 9.3HigherCurrent account monthly fee of £0 and a 0% exchange rate markup on foreign-currency card spend. | 8.2 |
| Offer | 9.2Instant-access savings paying 2.75% to 3.5% variable, instant withdrawals, a joint account, 38 currencies and a free cash machine allowance. | 9.3Higher |
| Trust | 8.4 | 9.5Higher |
How they place
| Ranking | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| Money transfer services | 15 of 1564 | 5 of 1564 |
Spending 1,000 abroad
Monzo
0
0% of 1,000
Skrill Prepaid Mastercard
49.9
4.99% of 1,000
Monzo comes out 49.9 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 29, 2026.
Licences and countries
| Country | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| United Kingdom | Financial Conduct Authority 730427 | Not confirmed |
Every fact side by side
| Fact | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| Audience | Business, Teen | Not confirmed |
| Pricing model | No monthly fee | Not confirmed |
| Features | Joint account | Not confirmed |
| Legal entity | Monzo Bank Limited | Not confirmed |
| Headquarters | United Kingdom | Not confirmed |
| Founded | 2015 | 2001Lower |
| Support channels | Help centre | Phone, Chat, Help centreCovers more |
Savings
| Fact | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| Headline rate | 2.75% to 3.5% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | £0 | Not confirmed |
| Access terms | Instant withdrawals any time, no limits, interest paid monthly, up to 20 Savings Pots, Monzo current account required, aged 16+ | Not confirmed |
| Account kind | Easy access | Not confirmed |
Money transfer
| Fact | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| Exchange rate markup | 0%Lower | 4.99% |
| Delivery time | Same day for 95% of customers, average 1 day | Not confirmed |
| Payout methods | Bank, Card | Bank, Wallet, CardCovers more |
| Fee to send 1,000 | £0 to £9 | Not confirmed |
Where each stands against the rest
| Fact | Monzo | Skrill Prepaid Mastercard | Median |
|---|---|---|---|
| Monthly fee | £0at the median | Not confirmed | £0 |
| Currencies | 38highest quarter | 40highest quarter | 5 |
| Free ATM withdrawals | £200above the median | Not confirmed | £0 |
Median across 536 listed accounts.
Pros and cons
Monzo
Pros
- No monthly fee on the current account: £0
- No exchange rate markup on foreign-currency card spend: 0%
- Savings pay a variable rate of 2.75% to 3.5% with instant withdrawals and interest paid monthly
Cons
- Support runs on help centre only
- Savings need a Monzo current account first, and the pot sits in an easy access product
- International transfers charge £0 to £9 plus a percentage, unlike UK transfers and foreign-currency card spend, which cost nothing
Skrill Prepaid Mastercard
Pros
- Links prepaid card spending to a wallet used by millions
- Allows web payments without sharing bank details directly
- Supports over 40 cryptocurrencies alongside transfers abroad
Cons
- Focuses on online betting, gaming and transfers without branch access
- Requires managing a digital wallet before using prepaid card spending
Who each suits
Monzo
Who it suits
- UK adults and teens who want everyday spending with no monthly cost
- Savers who want instant access to their money without a notice period
- Travellers who spend abroad often, given the 0% markup and 38 currencies
Who should look elsewhere
- Anyone chasing a fixed-term rate, since the savings rate is variable and money comes out instantly
- People who want phone or email help, because support runs on help centre only
- Shoppers who only need a wallet for online payments can look at PayPal Colombia instead, where the monthly fee is $0
Skrill Prepaid Mastercard
Who it suits
- Players funding betting and gaming wallets
- Senders moving money to bank accounts abroad
- Holders following crypto and currency movements
Who should look elsewhere
- Seekers of in person branch banking
Current offers
Monzo
Current offer
Free trial
3 month free trial of YouTube Premium Lite included with the Max plan: 3 months free YouTube Premium Lite
Max plan subscribers, aged 18-69, 3 month minimum term, UK residents, Ts&Cs apply
Source, checked September 26, 2026
Country by country
| Country | Monzo | Skrill Prepaid Mastercard |
|---|---|---|
| United Kingdom | Yes | No |
Questions about each
Monzo
What does Monzo charge each month?+
The current account has a monthly fee of £0, and the pricing model it runs on is no monthly fee. The savings side carries no monthly charge either, with a minimum deposit of £0. The legal entity behind both is Monzo Bank Limited.
Is my money protected?+
Deposits are covered by the FSCS: FSCS up to GBP 85,000. In the UK the account is regulated by the Financial Conduct Authority and the Prudential Regulation Authority, so it is a bank rather than an e-money wallet. The legal entity is Monzo Bank Limited, based in the United Kingdom.
Skrill Prepaid Mastercard
What can the Skrill wallet do?+
Skrill wallet handles internet payments, international transfers and cryptocurrency activity in one place. It sends funds to a bank account and supports activity across over 40 cryptocurrencies. It aims to keep every payment quick and secure without sharing bank details.
Who uses Skrill?+
Skrill serves people who place bets, play games online or send money internationally. It describes its audience as money movers and makers who want flexible digital payments. It reports serving millions of customers since 2001.