Monese
Monese is an online banking service that provides easy to use current accounts and money transfer options for people living abroad. It allows opening an account quickly without proof of address.
banking
money-transfer
current-accounts
Monese: Online Banking for Expats
Monese provides easy-to-use current accounts and money transfer options for individuals living abroad, allowing quick account opening without proof of address.
What is Monese?
Monese is an online banking and money transfer service founded in 2015 and based in the UK. It aims to provide banking services to expats and immigrants living abroad who may not have easy access to traditional banks.
A key benefit of Monese is the ability to open a UK or Euro current account easily online, without requiring proof of address or credit checks. This helps serve customers who lack traditional address documentation.
Once an account is opened, Monese provides functionality like a debit card for payments and ATM access, money transfers through the mobile app, as well as budgeting features and spending notifications. It uses both online and mobile channels.
Monese also offers competitive currency exchange rates on international money transfers. Its money transfer functionality facilitates cheap and fast transfers across Europe and to many countries globally.
Overall, Monese intends to provide a modern banking solution for globally mobile customers or expats who struggle with limitations of traditional banks. The easy signup and money transfers make it convenient for sending money internationally.
Monese Features
Features
- Mobile app and web interface
- Multi-currency account
- Debit card included
- Easy money transfers
- Bill payments
- Overdraft facility
- Joint accounts
- Apple Pay and Google Pay
Pricing
- Freemium
- Subscription-Based
Pros
Fast and easy account setup
No proof of address needed
Great for expats and migrants
Low fees
Good exchange rates
Helpful customer service
Cons
Limited ATM withdrawals
No checks or deposits
No savings or investment products
Limited physical branches
Official Links
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