OnJuno vs Monzo

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

OnJuno is a Finance solution with tags like banking, budgeting, mobile-banking.

It boasts features such as 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 pros including 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.

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.

OnJuno

OnJuno

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.

Categories:
banking budgeting mobile-banking

OnJuno Features

  1. Mobile banking app
  2. Checking accounts with no monthly fees
  3. Savings accounts with no minimum balance
  4. Automated budgeting tools
  5. Access to large ATM network
  6. Cashback rewards program

Pricing

  • Freemium

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


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