Monzo vs OnJuno

Struggling to choose between Monzo and OnJuno? Both products offer unique advantages, making it a tough decision.

Monzo is a Online Services solution with tags like budgeting, spending-insights, mobile-banking.

It boasts features such as Fully licensed UK bank, App with budgeting tools, Spending insights, Joint accounts, Business accounts, Accounts for 16-17 year olds, Current accounts, Savings pots, Overdrafts, Apple/Google Pay, ATM withdrawals, International payments and pros including User-friendly app interface, Good budgeting and spending tracking tools, Fast account setup, No monthly fees, Free spending abroad, 24/7 customer support, FDIC equivalent protection for deposits.

On the other hand, OnJuno is a Finance product tagged with banking, budgeting, mobile-banking.

Its standout features include Mobile banking app, Checking accounts with no monthly fees, Savings accounts with no minimum balance, Automated budgeting tools, Access to large ATM network, Cashback rewards program, and it shines with pros like User-friendly mobile interface, No monthly fees or minimum balances, Automated budgeting helps manage finances, Large ATM network provides good access to cash, Cashback rewards help earn money back.

Feature	Monzo	OnJuno
Overall Score	N/A	N/A
Primary Category	Online Services	Finance

Product Overview

Monzo

Description: Monzo is an online bank based in the UK that offers current accounts, business accounts, joint accounts, and accounts for 16-17 year olds. It has a popular app with budgeting and spending insights tools.

OnJuno

Description: OnJuno is an alternative to traditional banks that provides an integrated banking experience through its mobile app. It offers checking and savings accounts with no monthly fees or minimum balances, automated budgeting tools, access to a large ATM network, and cashback rewards.

Key Features Comparison

Monzo Features

• Fully licensed UK bank
• App with budgeting tools
• Spending insights
• Joint accounts
• Business accounts
• Accounts for 16-17 year olds
• Current accounts
• Savings pots
• Overdrafts
• Apple/Google Pay
• ATM withdrawals
• International payments

OnJuno Features

• Mobile banking app
• Checking accounts with no monthly fees
• Savings accounts with no minimum balance
• Automated budgeting tools
• Access to large ATM network
• Cashback rewards program

Pros & Cons Analysis

Monzo

Pros

• User-friendly app interface
• Good budgeting and spending tracking tools
• Fast account setup
• No monthly fees
• Free spending abroad
• 24/7 customer support
• FDIC equivalent protection for deposits

Cons

• No physical branches
• Limited ATM access (UK only)
• No check deposits
• No interest on current accounts

OnJuno

Pros

• User-friendly mobile interface
• No monthly fees or minimum balances
• Automated budgeting helps manage finances
• Large ATM network provides good access to cash
• Cashback rewards help earn money back

Cons

• Not a full-service bank (lacks some products)
• App-only (no web access)
• Small bank (less assets than large banks)
• Limited branch locations

Pricing Comparison

Monzo

• Freemium

OnJuno

• Freemium