Updated September 28, 2026 · VaultCue Editorial Team
Monzo vs ZEN.COM
Monzo
ZEN.COM
Higher score in this comparison
Where Monzo and ZEN.COM differ
| Compare | MonzoReviewVisitVisit | ZEN.COMReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | £0 | €0 |
| Deposit protection | FSCS up to GBP 85,000 | EU DGS up to EUR 100,000 |
| Currencies | 38Higher | 35 |
| Free ATM withdrawals | £200 | €0 |
| Transfer fee | 0 for UK transfers and foreign-currency card spend; international transfer up to GBP 9 fixed plus 0-1.80% | Currently free (standard fee 0.25 EUR) |
| Currency conversion fee | Not confirmed | 0% |
| Local account details | Not confirmed | IBAN |
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Key differences
- ZEN.COM scores higher overall: 9.3 vs 8.9.
- ZEN.COM is licensed in 2 more countries.
- ZEN.COM is available in 31 more countries.
- Currencies is higher at Monzo: 38 vs 35.
- Support channels: only ZEN.COM offers Email, Chat.
- Audience: only Monzo offers Business, Teen.
- Audience: only ZEN.COM offers Expats, Travelers.
- Pricing model: only ZEN.COM offers Low FX.
- Features: only Monzo offers Joint account.
- Features: only ZEN.COM offers Free ATM.
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.
ZEN.COM
ZEN.COM suits expats and travellers who want a euro account that spends across borders without a monthly charge. Currency conversion runs at 0% and the monthly fee is €0, so the saving sits in how often you change money rather than in account upkeep. EU deposits sit under EU DGS up to EUR 100,000.
Score breakdown
| Area | Monzo | ZEN.COM |
|---|---|---|
| Cost | 9.3Current account monthly fee of £0 and a 0% exchange rate markup on foreign-currency card spend. | 9.4HigherMonthly fee of €0, currency conversion fee of 0% and transfer fees of Currently free (standard fee 0.25 EUR). |
| 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. | 9.2Holds 35 currencies, hands out local IBANs and pays a free ATM allowance of €0. |
| Trust | 8.4 | Not confirmed |
Availability and regulation
| Country | Monzo | ZEN.COM |
|---|---|---|
| United Kingdom | Financial Conduct Authority 730427 | Financial Conduct Authority 1000019 |
| Lithuania | Not confirmed | Bank of Lithuania LB000457 |
| Singapore | Not confirmed |
Available in 1 country for both. Additional countries for ZEN.COM: 31.
How they place
| Ranking | Monzo | ZEN.COM |
|---|---|---|
| Money transfer services | 15 of 1564 | 131 of 1564 |
Every fact side by side
| Fact | Monzo | ZEN.COM |
|---|---|---|
| Audience | Business, Teen | Expats, Travelers |
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Features | Joint account | Free ATM |
| Legal entity | Monzo Bank Limited | UAB ZEN.COM |
| Headquarters | United Kingdom | Lithuania |
| Founded | 2015 | Not confirmed |
| Support channels | Help centre | Email, Chat, Help centreCovers more |
Savings
| Fact | Monzo | ZEN.COM |
|---|---|---|
| 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 | ZEN.COM |
|---|---|---|
| Exchange rate markup | 0% | Not confirmed |
| Delivery time | Same day for 95% of customers, average 1 day | Not confirmed |
| Payout methods | Bank, Card | Not confirmed |
| Fee to send 1,000 | £0 to £9 | Not confirmed |
Where each stands against the rest
| Fact | Monzo | ZEN.COM | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Currencies | 38highest quarter | 35highest quarter | 5 |
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
ZEN.COM
Pros
- Monthly fee of €0 keeps the account free to hold
- Currency conversion fee of 0% beats the 0.5% site median
- Local account details in the form of iban let you get paid like a local
Cons
- Support runs on email, chat and help centre only, with no phone line
- Standard transfer fee is higher than the current free transfer, at Currently free (standard fee 0.25 EUR)
- Currencies count of 35 trails brands near the top of our multi-currency list
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
ZEN.COM
Who it suits
- Expats and travellers named as the audience for the account
- Anyone paid in euros who wants local account details
- People who change currency often and mind conversion cost more than the account type
Who should look elsewhere
- Skrill, if you compare conversion cost and its fee sits well above the site median of 0.5%
- eToro, if you want a broader account rather than a euro card first
- PayPal Colombia, if you need local details outside the euro area rather than iban
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
ZEN.COM
Current offer
Free trial
Try ZEN.COM free for 30 days: 30 days free
Source, checked September 26, 2026
Country by country
| Country | Monzo | ZEN.COM |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 32 countries where either is available.
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.
ZEN.COM
What does ZEN.COM cost to keep open?+
The monthly fee is €0, so holding the account costs nothing. That sits at the site median of €0 and matches the pattern across our listings, where most free accounts cluster at the lower quartile of €0.
How much does it cost to change currency?+
The currency conversion fee is 0%, which ranks ZEN.COM at 1 of 312 brands. For comparison, the site median is 0.5% and the upper quartile reaches 2.08%, so most rivals charge more.
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Monzo
ZEN.COM