N26 vs Monzo

Struggling to choose between N26 and Monzo? Both products offer unique advantages, making it a tough decision.

N26 is a Business & Commerce solution with tags like mobile-banking, budgeting, money-management.

It boasts features such as Mobile banking app, Free bank account with no monthly fees, Debit Mastercard included, Free ATM withdrawals worldwide, Money transfers and direct deposits, Budgeting and expense tracking tools, Spaces for saving goals, Overdraft up to €200, Travel and mobile insurance, English, German, Spanish, French and Italian support and pros including Easy to use mobile interface, No monthly fees or minimum balance, Free ATM withdrawals worldwide, Good budgeting and tracking tools, Easy money transfers, Travel and mobile insurance included, Supports many languages.

On the other hand, Monzo is a Online Services product tagged with budgeting, spending-insights, mobile-banking.

Its standout features include 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 it shines with pros like 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.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

N26

N26

N26 is a mobile bank that offers a free account with no hidden fees. It allows users to manage their finances, transfer money instantly, withdraw cash for free worldwide, and has budgeting tools and financial insights.

Categories:
mobile-banking budgeting money-management

N26 Features

  1. Mobile banking app
  2. Free bank account with no monthly fees
  3. Debit Mastercard included
  4. Free ATM withdrawals worldwide
  5. Money transfers and direct deposits
  6. Budgeting and expense tracking tools
  7. Spaces for saving goals
  8. Overdraft up to €200
  9. Travel and mobile insurance
  10. English, German, Spanish, French and Italian support

Pricing

  • Free
  • Freemium

Pros

Easy to use mobile interface

No monthly fees or minimum balance

Free ATM withdrawals worldwide

Good budgeting and tracking tools

Easy money transfers

Travel and mobile insurance included

Supports many languages

Cons

No physical branches

Limited customer service options

No check deposits

No joint accounts

€200 overdraft limit

Limited to euro accounts

Not available in all countries


Monzo

Monzo

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.

Categories:
budgeting spending-insights mobile-banking

Monzo Features

  1. Fully licensed UK bank
  2. App with budgeting tools
  3. Spending insights
  4. Joint accounts
  5. Business accounts
  6. Accounts for 16-17 year olds
  7. Current accounts
  8. Savings pots
  9. Overdrafts
  10. Apple/Google Pay
  11. ATM withdrawals
  12. International payments

Pricing

  • Freemium

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