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Updated September 28, 2026 · VaultCue Editorial Team

Monzo vs Tomorrow

Monzo scores 8.9 and Tomorrow 8.7 out of 10. Compare their differences and shared features below.
Monzo

Monzo

Higher score in this comparison

8.9/10
Visit
Tomorrow

Tomorrow

8.7/10
See alternatives

Where Monzo and Tomorrow differ

Monzo vs Tomorrow
CompareMonzoMonzoReviewVisitVisitTomorrowTomorrowReviewSee alternativesSee alternatives
Monthly fee£0€0
Deposit protectionFSCS up to GBP 85,000EU DGS up to EUR 100,000
Free ATM withdrawals£200€1
Transfer fee0 for UK transfers and foreign-currency card spend; international transfer up to GBP 9 fixed plus 0-1.80%SEPA free; 2% foreign currency fee on non-euro payments with Now
Currency conversion feeNot confirmed0% to 2%
Currencies38Not confirmed
Local account detailsNot confirmedIBAN

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

  • Monzo scores higher overall: 8.9 vs 8.7.
  • Founded is lower at Monzo: 2015 vs 2018.
  • Tomorrow is available in 1 more country.
  • Support channels: only Tomorrow offers Chat, Email.
  • Audience: only Monzo offers Business.
  • Features: only Tomorrow offers Free ATM, Digital only.

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.

Read the full Monzo review

Tomorrow

Tomorrow suits savers who keep a Now, Change or Plus current account and want a savings pot paying a 3.1% rate, with cash available on demand. Deposits sit inside the EU deposit guarantee scheme, and the trade-off is a rate that can move with the provider.

Read the full Tomorrow review

Score breakdown

Monzo vs Tomorrow
AreaMonzoTomorrow
Cost9.3HigherCurrent account monthly fee of £0 and a 0% exchange rate markup on foreign-currency card spend.9.1The savings account is no monthly fee with a monthly fee of €0, and currency conversion is 0% to 2%.
Offer9.2HigherInstant-access savings paying 2.75% to 3.5% variable, instant withdrawals, a joint account, 38 currencies and a free cash machine allowance.9.1Savings are easy access, interest is credited monthly and there is no notice period, so the pot stays flexible on a variable rate.
Trust8.4Higher8.2

Where each is licensed and available

Monzo vs Tomorrow
CountryMonzoTomorrow
GermanyNot confirmed
United KingdomNot confirmed

Additional countries for Monzo: 1. Additional countries for Tomorrow: 2.

Positions in our rankings

Monzo vs Tomorrow
RankingMonzoTomorrow
Savings accounts29 of 1420534 of 1420
Student, teen and kids accounts8 of 273164 of 273

Every fact side by side

Monzo vs Tomorrow
FactMonzoTomorrow
AudienceBusiness, TeenCovers moreTeen
Pricing modelNo monthly feeNo monthly fee
FeaturesJoint accountFree ATM, Joint account, Digital onlyCovers more
Legal entityMonzo Bank LimitedTomorrow GmbH
HeadquartersUnited KingdomGermany
Founded2015Lower2018
Support channelsHelp centreChat, Email, Help centreCovers more

Savings

Monzo vs Tomorrow
FactMonzoTomorrow
Headline rate2.75% to 3.5%Higher3.1%
Rate typeVariableVariable
Minimum deposit£0Not confirmed
Access termsInstant withdrawals any time, no limits, interest paid monthly, up to 20 Savings Pots, Monzo current account required, aged 16+Instant access savings account: deposit or withdraw at any time, no minimum term or notice period, interest credited monthly, rate applies on balances up to EUR 50,000, requires an open Now, Change or Plus current account
Account kindEasy accessEasy access

Money transfer

Monzo vs Tomorrow
FactMonzoTomorrow
Exchange rate markup0%Not confirmed
Delivery timeSame day for 95% of customers, average 1 dayNot confirmed
Payout methodsBank, CardNot confirmed
Fee to send 1,000£0 to £9Not confirmed

Where each stands against the rest

Monzo vs Tomorrow
FactMonzoTomorrowMedian
Currency conversion feeNot confirmed0% to 2%below the median0.5
Currencies38highest quarterNot confirmed5

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

Tomorrow

Pros

  • The balance is protected at EU DGS up to EUR 100,000
  • Support runs on chat, email and help centre, which suits readers who prefer writing things down
  • Features listed for the brand include free atm, joint account and digital only, and the free ATM allowance is €1

Cons

  • The rate type is variable, so the interest you earn can move rather than being held for a set period
  • Support runs on chat, email and help centre only, with no phone line for anyone who would rather talk
  • The savings pot only works alongside an open Now, Change or Plus current account

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

Tomorrow

Who it suits

  • Savers who already hold a Now, Change or Plus current account and want savings in the same app
  • Anyone who needs to dip into savings without notice, with interest credited monthly
  • Euro-area readers who want local payment details, since the account issues a local IBAN

Who should look elsewhere

  • Plazo ES, listed at 24.19%, if the headline figure matters more than getting at the money
  • AXI Card Tarjeta y Credito at 21.59%, a card and credit offer rather than a savings balance
  • PayPal Colombia at 3.3%, whose rate is close to Tomorrow's, so the switch needs another reason

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

Tomorrow

Current offer

  • Bonus

    Starter interest rate on the savings account: 3.1% p.a. for the first 90 days on balances up to EUR 50,000

    New customers who open a Tomorrow account and savings account between September 1 and September 30, 2026; after the first 90 days the regular rate of the chosen account model applies (0.75% Now, 1% Change, 1.5% Plus); German tax ID required; Now customers who opened before 19 February 2025 must upgrade.

    Source, checked September 26, 2026

  • First period offer

    Now current account free of charge: EUR 0 per month

    Free for anyone under 21 or who deposits EUR 500 into the Tomorrow account every month; otherwise Now costs from EUR 0 per month (Change EUR 8.90, Plus EUR 17.90).

    Source, checked September 26, 2026

Country by country

Monzo vs Tomorrow
CountryMonzoTomorrow
AustriaNoYes
GermanyNoYes
United KingdomYesNo

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.

Tomorrow

What rate does the Tomorrow savings account pay?+

The account pays a headline rate of 3.1% and the rate type is variable, so the figure can move rather than being fixed for a set term. Interest is credited monthly and the rate applies within a stated balance cap. In this comparison the brand places 233 on headline rate among 473 brands.

Is there a monthly fee for the savings account?+

There is no monthly charge on the savings account, with the fee listed as €0 a month and the account run on a no monthly fee model. The cost to watch is currency conversion, listed as 0% to 2%, so euro payments are the cheapest route.

Other options to compare

Monzo

Visit

Tomorrow

See alternatives