Neobank comparison
Compare Monzo and Wise side by side: fees, regulation, platforms.
Best for budgeting
Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape…
Best for multi-currency and FX
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local accou…
| Feature | Monzo | Wise |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 0.43% |
| Savings APY | 3.50% | 3.39% |
| Currencies | 1 | 40 |
| Card network | Mastercard | Mastercard |
| Deposit protection | FSCS up to 85,000 GBP | Safeguarded (FCA-authorised e-money) |
| Regulators | - | - |
| Best for | Best for budgeting | Best for multi-currency and FX |
| Markets & account | ||
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.
Confirm current fees and rates on the provider's site. T&Cs apply.
Wise
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local account details make it the account to hold foreign currency in.
Confirm current fees and rates on the provider's site. T&Cs apply.
Line up any two accounts side by side, or browse the full list to find your next platform.