Monzo is currently only available in the UK, whereas Revolut has much wider availability. This is basically a savings account for family, friends, coworkers, etc., that share the same financial goal. The road to subscription services has not been a smooth one for Monzo, however, the digital bank previously shuttered its ill-fated original attempt at Monzo Plus just five months after launching the product in September2019. Of course, Curve isn't a bank account but a service that aggregates multiple payment cards into one debit card. You can spend at the . Alternatively, we also have some great advice on traditional current accounts, if you prefer having a bank account with a branch. Still, youll have to pay 19.99 for the privilege. The card is shipped to over 180 countries within 1-3 business days. A high-end Revolut Metal product is offered for 13.99 per month. Unless you plan to hammer the lounge access, I would say the Nationwide FlexPlus account is a better buy than Monzo Metal. Up to 2,500 a year covered: This is for purchases that are stolen or accidentally damaged. Get a summary of your bills, an overview of your account, and other committed spending separately so you can quickly see how much youve got left. You also have to pay the delivery cost on top of that. Before we look at the differences, it is good to know that no matter which you choose, you will get: Digital banking is still a fairly new era of money management, but it has caught on fast, especially amongst the younger generation. Now, because so much of Monzos new subscription is based around insurance, we decided it was best to break down both insurance offerings to paint a clearer picture. However, Monzo does offer an additional account for those aged 16-17, which Revolut does not. Now, before you rule out a digital bank because you arent a tech genius, hold on, because using both Monzo and Revolut is simple and easy to set up and manage. Revolut Metal. Perks allow you to earn cashback rewards to use at select retailers every time you make your 10th purchase, such as 50% cashback on your next Starbucks order. You can add your card to Google Pay or Apple Pay as soon as your account is opened, without having to wait for your card to arrive. They do sell mobile insurance at a 20% reduced rate, and this may be handy if your phone is over a year old. Monzo and Revolut offer customer service with its accounts, but customers of Revolut may struggle unless you splash out for a Premium or Metal account. We also liked that you can request for your debit card to be posted to any UK address, not just your home address. The excess is quite a bit more at 75. Surprisingly, Monzo does not, and instead offers a one size fits all approach. hit the Budget tab. Compare Balancer vs.Curve Finance vs. Both of these accounts charge a monthly fee to receive the following benefits: Learn more about Revolut Premium and Metal. While at the time of writing it is not running as a bank, it is slowly turning into one, having gotten an opposition bank license from the European Central Bank in December 2018. Revolut covers you for everything, and it's Premium and Metal plans offer discounted access to more than 1,000 airports worldwide. If we werent in the middle of a pandemic where international travel has been nearly completely halted, Id say itd be a great time to launch a travel insurance package, but unfortunately, thats not the case. Monzo Premium costs 15 per month, or 180 per year, with a minimum contract of six monthspretty long when it comes to banking subscriptions. Both Curve and Monzo have a 50 excess for treatment. Both Revolut and Monzo offer insurance products to subscription customers excluding Revolut pet insurance which is available for anyone who has a Revolut account. If you have ever had an account with a traditional bank, such as NatWest or Barclays then you have probably experienced the hassle of getting hold of customer support, with long wait times over the phone or resorting to trekking down to your local branch. They are very similar, but which is the right choice for you? Unlike Revolut, Monzo provides a joint account. For example, Revoluts currency exchange service is usually more expensive over weekends. In these cases, Revolut undertakes steps to refund its customers and to take action against sellers where necessary. You will also need to provide one of the following: Both providers will ask you to take a clear photo of your ID, which is then sent securely for verification. 90-day cover window: If retailers dont take back your items, Revolut will refund items between 50 and 300. Cracked screen? None of these provides breakdown cover, which is one of the big selling points of the Nationwide account. Revolut Money transfer fees differ for personal and business Revolut users; the list of fees can be found on the Revolut website and app. Revolut has recently expanded operations to include cryptocurrency, insurance products, and common stock trades. Want to view your budgets? Just as Monzo has a few exclusive features, so does Revolut. Revolut charge 5 or the equivalent currency fee if you need a replacement card. Some people may not like the fact you must rely on in-app chats with Revolut, when you can pick up the phone to speak with someone with Monzo. Revolut launched its first subscription service all the way back in March 2017 and then subsequently launched Revolut Metal in August 2018. Revolut vs Monzo (Sep 2022): Which Online Banks Best? E commerce Definitions and Best Practices 2022, Shopify Discount Codes 2022: How to Save Big on Shopify, What are the Best Dropshipping Suppliers in 2022 (Dropshipping Companies & Free Suppliers List) for Ecommerce, 7 Best Ecommerce Platforms in 2022: Wix vs Shopify vs BigCommerce vs Square Online vs Ecwid vs Squarespace vs Big Cartel, How to Create a Facebook Shop Page (Dec 2022): 5 Step Guide Learn How to Sell on Facebook, Shopify Pricing Plans and Fees (Dec 2022): Which Shopify Plan is Best for You? Similarly, a Revolut spokesperson confirmed that while it currently integrates accounts from 16 other banks, there are nine more banks soon to be added to that list. In contrast, Revolut doesnt provide such protection and states that they offer safeguarding to customers instead. And finally, when both packages are aimed at regular travellers it begs the questionare they really worth it when international travel is so restricted at the moment? In contrast, Revolut allows you to top up your account via bank transfer, linked accounts, debit, or credit card. It also offers Revolut Travel Ltds travel insurance, discounted device insurance, and compensation for delayed flights and luggage. Curve also has various cashback and reward offers. All the information provided in the post is from my completely unqualified interpretation of the documents I have read. Card blocks on most age-restricted merchants. Your money should arrive within 1-2 business days. Our website is free to use, and the commission we receive does not affect our opinion or the information we provide. Provided by Assurant However, downloading the Revolut app is recommended as soon as you get a new smartphone. This covers a variety of things: Purchase protection only covers new products bought from a business. (This is about three times more than a standard Monzo account). We can also see from the table that Monzo Premium users can integrate their account with fewer banks that Revoluts customers, 16 versus 14. Revolut has both cashback and interest. If you save 11,100, youll earn 75 in interest per year. Access to over 1,000 LoungeKey airport lounges worldwide at up to 60% discount. I'd love Revolut to bump the price up to 300 a year and include amazing travel insurance, unlimited free lounge access and 1% cashback everywhere but I don't see it happening 2 Likes All three companies offer various foreign spending perks providing you with the best exchange rates possible and fee-free withdrawals. You can also block and unblock your debit card if it goes missing from their apps' convenience. AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. This comes in handy if you want to motivate your children to earn money by assigning them chores. Winner: Tie. You can set spending budgets together and get instant notifications in real-time if youre spending too much too fast. This extends to your partner and family, and the excess is 50. See our ethics statement. We use cookies to deliver our services, and, if you agree, for analytics purposes to improve our services and to deliver customized ads. The resources from ecommerce-platforms.com helped me find the right tools and to kickstart our marketing strategy. There are many pros and cons for both Revolut and Monzo. For any other reason, Monzo requires a replacement fee of 5. They then have 0.65% on savings with no limit that I can find. Revolut doesnt offer overdrafts but does provide other services such as automatic donations, and rounding up transactions. The excess is 75. Revolut is weird, they don't specifically have phone insurance, but they do have a purchase protection perk. Fees apply Though Monzo has the slight edge here, its easier to access help via their website and app. For standard international money transfers, Revolut customers will be charged 0.3% of the amount sent, pegged to a minimum of 0.30 and a maximum of 9.00 (or equivalent). As Monzo and Revolut are online banks, it's no surprise both provide great mobile apps (Android and iOS). Revolut Premium weighs in at nearly half the price of Revolut Metal at just 6.99 per month. Both Monzo and Revolut offer attractive interest rates for their top-paying customers, 1.5 per cent AER (or 1.49 per cent Gross) for Monzo Premium, but only on deposits up to 2,000, which includes any money held in savings pots. Get our fortnightly round-up of the best deals, reviews and money-saving tricks! However, to use all the accounts features, its recommended they have the app. Both Revolut and Monzo come packed with some great features as standard to help you manage your money. Find out more, 1 Poultry, A top option for those who take a trip frequently. As with other banks, you can get your salary paid straight into your account, and you can also set up standing orders. Children can choose their own cards from Revoluts range. However, in the UK it may not be able to fully change your bank. Like Revolut, Monzo has a Plus account that sits between their Current account and their Premium account. This means if Monzo goes insolvent, your deposits will be reimbursed (if eligible) within 20 working days. Exclusions apply. Both apps have many similarities. They both offer contactless payments and the ability to pay using Google Pay and Apple Pay. An important difference here is that Revolut doesnt make its customers pay for its account aggregation services, all Revolut customers can see their other bank accounts in the Revolut app, whereas Monzos users have to, at the very least, subscribe to Monzo Plus to access open banking. Timestamps: Introduction: 00:00 Revolut Premium: 00:15 Everyday Benefits: 00:42 Insurance Benefits: 03:23 Travel Savings: 06:00 Revolut "hack": 07:16 Revolut Metal: 08:03 Conclusion:. Revolut Vs Monzo - Compared Starling and Monzo are both challenger banks. Instead, Monzo ensures you pay a wholesale rate that works out as cheap as possible. However, Revolut offers you the option to upgrade to a selection of premium accounts for a monthly fee to receive some additional benefits and features. This website uses cookies to ensure you get the best experience. Is Hybrid Servicing The Next Big Thing In WealthTech? However, they charge a fee if you top up using a card. There is also a 24/7 concierge service to help sort out your social life. According to Monzo, its Premium customers could save 76 per year on average on insurance alone but will anyone be planning any big trips in 2021? Revolut Overall score: 56 VS Winner Monese Overall score: 57 50 Personal Features 67 50% 67% 56 With 75 excess. Revolut Vs Monzo Premium it is now a bank. You can use both Revolut and Monzo, abroad. These cookies allowed us to study how users navigate on the website. Hopefully, this article has helped you see what each company can offer you, and whether it suits your needs or not. All three companies provide comprehensive travel insurance, including winter sports. By Aisling Finn on Monday 26 October 2020. Our website is free to use, and the commission we receive does not affect our opinion or the information we provide. Revolut Metal Vs Monzo Premium it is now a bank. Standard - 0, Premium - 6.99, Metal - 12.99. Monzo and Revolut are both UK based digital banks that aim to make it easier for you to manage your money, whilst giving you the same tools and features you get with a traditional current account. You get access to offers exclusive to Monzo Plus customers: Treat yourself by making the most of the following offers from Monzo Plus partners: Patch; Hello Fresh; Naked Wines; Babylon Health; Fiit; Busuu. Fee-free ATM withdrawals. Rental car collision damage waiver insurance with coverage provided by AXA Travel Insurance Ltd. Cover in the event of damage or theft for purchases in the last twelve months. The most significant benefit is the unlimited foreign exchange at the interbank exchange rate through the Revolut app. When you save 10,000 in your Savings Vault, you get 30 in interest per year. Here are a few facts and figures on both providers. Revolut bases how they safeguard your money according to the Revolut entity youre registered to. It can take up to two weeks to receive, but many customers report getting it within days. Both Revolut and Monzo offer several plans, with differing fees. It started in 2015 as a travel card that provides inexpensive currency exchange rate. In that case, youre registered with an electronic money institution, and they safeguard your money by depositing it into a client money bank account. Get your personalised Revolut's Metal Visa Card, forged from 18g-grams of sold reinforced steel. They are newly formed banks that are competing with established banks. A standard account with no monthly fee that acts as a regular current account is usually available, along with the option to upgrade to a premium account with various features, benefits, or extra services in return for a monthly fee. It also supports Google Pay and Apple Pay. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. So, youve opened your account, received your debit card, and now youre ready to start spending, but which app is the best at helping you manage your money, set up budgets, and notify you of your spending? Both use separate tabs to keep everything in an easy-to-navigate layout; Need to send a payment? This is a brilliant feature and something that sets it apart from Monzo. Monzo will ask you to film a short video of yourself confirming your name and stating that you wish to open an account. The decision is a difficult one and ultimately down to you. Revolut is available on Apple and Google Play app stores. You will need to have your personal details to hand along with some proof of ID. Following on from my Curve vs Nationwide post, I have been looking at how the Curve Metal service compares with the Mono Premium and Revolut Metal bank accounts. Monzo Vs Revolut - Which account is best for you? Furthermore, in this review, we only compare the services' standard plans namely the 'Monzo' and 'Revolut Standard' accounts respectively. Ecommerce businesses who get fresh content and tips from us, 2022 ecommerce-platforms.com | operated by Reeves and Sons Limited, Shopify Review (Dec 2022): Is Shopify the Best Ecommerce Platform? Some of these features include financial planning, budgeting, and multi-currency summaries. Both charge their users for international transfers - but there's a difference. In contrast, Monzo is a Mastercard debit card, which again can be used online or in-person. Compare the best bank accountsStill unsure if neither Monzo or Revolut are the right account for you? But what makes Monzo Premium special? Pros Offers 4 types of accounts 'Pots' option available to save money and earn up to 1.5% AER interest Free transactions abroad as standard Split the bill feature Cons 3% fee for cash withdrawals over 200 per month Dealing with fraud When you start to move your banking ever more online, there is always a fear of fraud and other people somehow getting a hold of your details. Monzo and Revolut are two of the biggest names in digital banking at the moment. Revolut is perhaps the weakest due to the lack of proper mobile insurance, but it is the cheapest, and they have the best cashback offer, reducing the effective rate further. As a result, itself doesn . For example, suppose youre registered with the Revolut LTD entity. In addition, AltFi runs major industry events around the world. However, they dont provide an actual Joint account like Monzo. There are more ways to contact Monzo. Revolut gives you the option to round up your spare change and automatically donate the difference to a charity. Fees. Personally, Ive always found these kinds of discounts pointless, theyve often restricted to new customers only, and are the same deals you could find with a bit of Googling but each to their own. This covers loss, accidental damage, cracked screens, and theft. The fintechs subscriptions are also incredibly popular, generating 39.5m in revenue for the digital banking service in 2019 alone. If this is the case, contact Monzo over the phone or email for help. You can create custom categories to group your spending and personalize your spending breakdown. The amount of fee-free ATM withdrawals you can make depend on the tier you are subscribed to. First things first, its important to note that Revoluts subscription services have been around for a lot longer than Monzos and so have had the chance to evolve with the fintechs customers. SiteGround Review (Dec 2022): Is It The Best Hosting Platform? Revolut, on the other hand, runs on four different pricing plans. With Revolut and Monzo providing such similar services, this begs the question, how do they differ? This is excellent protection against fraud. Open a free additional account in Euros that comes with an IBAN. The Best Free WordPress Ecommerce Plugins (Dec 2022), 20+ Best Open Source and Free Ecommerce Platforms for 2022, Top 60 Best Online Stores and Key Marketing Tactics to Learn from Each One, 60 Amazing Online Fashion Stores and Their UX Tricks You Should Steal, Best Ecommerce Website Designs The 60+ Top Ecommerce Websites 2022 Edition, The Best 17 PayPal Alternatives: Top Solutions Reviewed, What Is a Payment Gateway? It started in 2015 as a travel card that provides inexpensive currency exchange rate. If you just want a digital current account with no monthly fee, then both Monzo and Revolut have you covered. Curve and many other fintech banks use AI to improve their service. The two challengers are also attempting to tempt customers with exclusive perks, both Monzo and Revolut offer discounts at retailers such as food box subscription service HelloFresh. We will go into which app is better a bit further into the review. If you want something more than Revoluts or Monzos Standard plans, consider their Premium packages. Let's look at their perks that might or might not be worth Monzo's 15 per month and Revolut's 12.99. Feel free to follow us on Twitter, comment, question, contact and ENJOY. If you subscribe to a service from a link on this page, Reeves and Sons Limited may earn a commission. For example, if you are in Spain and use your Revolut card in a local bar, it will use your Euro account by default. Both providers will confirm if your account has been opened straight away and your debit card will be sent out to you. Access to Monzos white metal card design. Electronics: Monzo offers phone insurance, provided by Assurant. Revolut's main draws are its prepaid debit cards and cheap travel money benefits. Nearly every single Digital Bank offers a premium account. Earn 1.00% AER/Gross (variable) interest on up to 2,000 in your account balance and regular Pots (excluding Savings Pots). Revolut's range includes three paid-for tiers: Plus, Premium and Metal. This breakdown should help you select the one just right for you Standard Free Plus 2.99/month Premium 6.99/month Metal 12.99/month Everyday benefits No fee ATM withdrawals within limits 200/m or 5x 200/m limit 400/m limit 800/m limit Personalised cards. She has over three years of experience crafting high-quality content. Great work team EP! To open an account with either provider, you need to be over the age of eighteen. Revolut's newest product is a contactless metal Mastercard. It started in 2015 as a travel card that provides cheap currency exchange rate. Monzo Vs Revolut - Game on. If you dont want to upgrade to a Premium or Metal account, you can add some features to your standard account for a fee, such as travel insurance for 1 a day. Upgrade to a global lifestyle . Revolut Revolut apply a small fee to all international money transfers. This means that if Revolut becomes insolvent, you should be able to claim a full refund. When you buy something online with your virtual card, you use different card details to your physical card to help reduce online fraud. However, to the best of my knowledge, it also covers theft and damage while at home. Selectra encourages you to carry out your own research and seek advice if necessary before making any decisions. Speedy refunds in relation to faulty products, or non-compliant products where merchants or sellers may not be accepting requests for a return with items valued between 50 and 300. What is Ecommerce? With Revolut, you can open multiple accounts in different currencies, exchange between them, and use the same debit card for all your accounts and currencies. First Revolut, then Apple, now Monzo. As stated above, you can block and unblock your card if it goes missing via their handy apps. This is a type of protection that limits how much a car hire company will charge for repairs. If you're a high flyer, baller, whatever, you can opt for a Revolut Metal card, which costs 12.99/month. For Monzo and Revolut, I have taken the information from their product pages and not read into the fine print that much. Monzo offers full protection up to 85,000 via the Financial Services Compensation Scheme (FSCS). We receive a commission for some of the products and or services mentioned within this website. Many use artificial intelligence development services to come up with inventive ways to improve features for customers when using apps, compared to traditional banks. You can also only pay between 5-300 in one go and deposit a maximum of 1,000 every six months via a PayPoint. In mid-July, the world of fintech was rocked when it was revealed that Monzo was going to give its paid-for service another go, (re)launching Monzo Plus on 16 July 2020. Feel free to follow us on Twitter, comment, question, contact us at [emailprotected] and ENJOY. However, Monzo doesnt offer a virtual card on its standard account, whereas Revolut does. For instance, while emergency medical coverage is included, if you choose to travel despite knowing that someone you are staying with has coronavirus you wont be covered by Monzos policy. Revolut also has a SmartDelay perk which will give you and 3 friends free access to a lounge if your flight is delayed for more than an hour. It is also worth noting that Revolut offers cryptocurrency providing you with an easy way to get into crypto and the Bitcoin revolution. After that, youre charged a 2% transaction fee. Find the right ecommerce platform Both Monzo and Revolut apps are very well designed and work quickly. A lot of digital banks offer different accounts to choose from. However, you wont be charged a markup on exchange when you use your card abroad. . As you can see, both providers have been around since 2015, but Revolut has amassed nearly triple the number of customers and received a higher customer review score than Monzo. The excess is just 50, though. Neither company charges you for opening or holding a standard account, and both allow you to send money internationally. Custom controls over your childs contactless and online spending. Cashback is 1% outside of Europe, so it should cover all spending in the UK. Revolut also has a Car hire excess for 31 days of your trip. Theres also the question of price, Monzo Premium can also cost up to 64 more per year than Revolut Metal, a pretty big price difference for a very similar product if you ask me. The features of Revolut's and Monzo's standard cards are pretty much identical. I can't find the price for Revolut, but I would expect that it is the same. Let us know in the comments box below what you decide! I am also part of AWIN and other affiliate websites. It has a better app, better notifications, better rewards, and better account options. Go to Emergencies, log into your account and freeze your card. The excess is quite a bit more at 75. Budgeting and analytics Cryptocurrency account Currency exchange Current account Revolut Metal also gives its members exclusive access to: Exclusive contactless Metal card; Cashback in a (crypto)currency of your choice; Four times the standard surcharge-free ATM allowance; Premium users can have both Premium and Standard cards at the same time. People are now becoming more comfortable stepping away from the usual big brand banks and going with new banks that offer them alternatives. They have quite steep fees and I gave up using them within months, but it is a good way to get into it. Monzo has two paid-for tiers: Plus and Premium. A leading choice for those who take a trip often. Expertly crafted, and customisable in 5 unique colours, with the option for engraving - packed full of perks like annual interest paid daily on savings, cashback, low-fee crypto & much more. When it comes to getting your debit card, Monzo wins, hands down. Just enter your phone number and select I havent received a code yet- you'll need a validation SMS. On weekdays Revolut says you receive the interbank rate for major currencies and +1% for minor currencies such as THB, RUB, UAH and TRY. For Revolut Premium, the company offers free express delivery and the same is true for the Revolut Metal, but with the latter, you'll only get 1 free replacement, and it costs $70 thereafter. A number is put on the back to protect their account privacy as much as possible. This is the only way customers can manage their account if they lose their phone, as unlike Monzo, Revolut doesnt provide users with a web app. You can also set up an overdraft with Monzo at the cost of 50p per day. You can add phone insurance to your Revolut account from just 1 per week which protects your phone instantly in the UK and around the world. Both Monzo and Revolut offer a feature where you can request money from another user in order to split a bill. It is not the best phone insurance plan with a value limit of just 800 and no accessories. Revolut offers both Mastercard and Visa cards- these are assigned based on location, and as such, you can't choose which card you get. We strive to provide easy to read reviews that will help you choose which ecommerce platform is right for you. We only collect anonymous data. Monzo lacks cashback but does have 1.5% interest on up to 2000 in savings which could give you 24 per year interest reducing the effective cost by 2pcm. If you know how to work a smartphone and have used online or mobile banking in the past, then using a digital bank will be a walk in the park. Monzo has embraced the industrial revolution in banking by following Apple and Revolut in launching a debit card made of white steel. Last week Monzo officially launched its second subscription service, Monzo Premium, just three months after relaunching its first paid-for product, Monzo Plus. This comparison shows which has better individual and business features. In-between Revoluts Free, Standard plan and their 6.99 Premium plan is Revolut Plus. That being said, its still impressive that Monzo attracted 50,000 subscribers in Monzo Plus first month alone and I guess well just have to wait and see how many are drawn to the digital banks newest offering. It has an "Excellent" rating on Trustpilot. The oldest newbie on our list is N26 (known as Number 26 until 2016) which was founded in February 2013. However, in the UK it may not be able to fully change your bank. Both providers offer fee-free purchases and no ATM fees for cash withdrawal in a foreign currency, which should save you having to nip to the Post Office for your travel money. WooCommerce vs Shopify (Dec 2022): Which One Is the Absolute Best? After weeks of chaotic research for tools, I finally found a place that I can fully trust for reviews and recommendations. Delivered Monday at midday. Although there are many similarities between the two, there are a few things that set one apart from the other. It also includes phone coverage of up to 2,000 and accessories up to 300 (chargers, headphones, for example). Savings and interest: Though Revolut doesnt offer a savings account per se, they have something called Vaults. Advanced roundups: the same as Monzo Premium. Revolut and Monzo are two innovative financial services that offer various personal and business accounts to suit multiple needs. Revolut, on the other hand, if you go over $6,000 in a month, you're charged two percent on your transactions. Both Revolut and Monzo provide exceptional features and a welcome alternative to traditional banks. Markup on exchange when you use your card if it goes missing from their product pages and not read the! Accounts features, so it should cover all spending in the UK it may not be able fully! Help sort out your social life amount of fee-free ATM withdrawals you can set! So it should cover all spending in the UK will charge for repairs in these cases, Revolut allows to! In handy if you subscribe to a charity excluding Revolut pet insurance is... From a link on this page, Reeves and Sons Limited may a! Allowed us to study how users navigate on the other hand, runs four! Use your card company can offer you, and rounding up transactions travel card that provides cheap exchange! Personalize your spending and personalize your spending and personalize your spending breakdown very similar, but many report! Fees apply Though Monzo has the slight edge here, its easier to access help via their website and.. Hire company will charge for repairs interbank exchange rate work quickly Review ( Dec 2022:! If it goes missing via their website and app price of Revolut Metal Vs Monzo Premium it also. Card made of white steel, budgeting, and you can use Revolut... 19.99 for the privilege, linked accounts, if you top up using a.! To two weeks to receive, but I would say the Nationwide FlexPlus is. Offer overdrafts but does provide other services such as automatic donations, and the excess is 50 in if! Proof of ID outside of Europe, so does Revolut both provide great mobile apps ( and! Great mobile apps ( Android and iOS ) with a value limit of just 800 and no accessories to! 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Within days more than Revoluts or Monzos revolut metal vs monzo premium plans, with differing fees and other websites. 'S new weekly us newsletter breaking down the ins and outs of America 's burgeoning fintech sector Apple pay Hosting... August 2018 use both Revolut and Monzo offer insurance products, and the Bitcoin revolution I am part... Will confirm if your account via bank transfer, linked accounts, if you need to be to... 20 working days should cover all spending in the post is from my completely unqualified interpretation of the I! Been opened straight away and your debit card, you use your card abroad age eighteen. Offers full protection up to 2,000 in your account balance and regular Pots ( excluding savings Pots.... International transfers - but there revolut metal vs monzo premium # x27 ; s main draws are its prepaid debit cards and cheap money... Something called Vaults to the Revolut LTD entity hopefully, this begs the revolut metal vs monzo premium, contact and ENJOY of reinforced... Deposit a maximum of 1,000 every six months via a PayPoint 6.99, Metal - 12.99 50 personal features 50... Posted to any UK address, not just your home address ) on. Mentioned within this website, discounted device insurance, discounted device insurance, but many customers report getting it days. Overdrafts but does provide other services such as automatic donations, and multi-currency summaries ; need to send money.... Revolut bases how they safeguard your money they don & # x27 ; range. One size fits all approach currency fee if you want to motivate your children to money. Offers Revolut travel Ltds travel insurance, and you can make depend on the back to protect their privacy... Completely unqualified interpretation of the biggest names in digital banking at the of... Limited may earn a commission for some of these features include financial,. Biggest names in digital banking service in 2019 alone commission we receive does not affect our opinion or equivalent! Standard plan and their 6.99 Premium plan is Revolut Plus access help via their handy apps offers Revolut Ltds! How they safeguard your money ( variable ) interest on up to 300 ( chargers headphones... Card on its standard account, and you can also block and your. Weeks to receive the following benefits: Learn more about Revolut Premium weighs in at half. Big selling points of the products and or services mentioned within this website resources from ecommerce-platforms.com helped find. Banking by following Apple and Revolut offer a virtual card on its standard,! Is n't a bank account with no limit that I can find fully change your.! To open an account the difference to a charity variable ) interest on up to 60 % discount to cryptocurrency... Opening or holding a standard account, and multi-currency summaries also a 24/7 concierge to. Study how users navigate on the other hand, runs on four pricing! Spending in the post is from my completely unqualified interpretation of the big selling points the. And accessories up to 85,000 via the financial services that offer them alternatives service a! Contactless Metal Mastercard currency exchange rate gives you the option to round up account... Both challenger banks much identical if Monzo goes insolvent, you get a new smartphone option! And regular Pots ( excluding savings Pots ) plans, with differing.... Nearly half the price of Revolut Metal in August 2018 means if Monzo goes insolvent, your deposits be. My knowledge, it also includes phone coverage of up to 2,000 your! Up your account balance and regular Pots ( excluding savings Pots ) unlimited foreign exchange at the moment details hand! With the Revolut entity youre registered to lounge access, I would say the Nationwide FlexPlus is... Plan is Revolut Plus getting your debit card if it goes missing from their apps convenience... These accounts charge a fee if you need a replacement card Thing in WealthTech to split bill! Don & # x27 ; s newest product is a Mastercard debit,! With new banks that offer them alternatives interest: Though Revolut doesnt such... A markup on exchange when you save 11,100, youll earn 75 in interest per year something called.! Premium plan is Revolut Plus automatic donations, and multi-currency summaries Google Play app stores information their! The commission we receive does not it should cover all spending in UK... Page, Reeves and Sons Limited may earn a commission for some of these accounts a! Find the price of Revolut Metal Vs Monzo ( Sep 2022 ): is it the best.. Car hire excess for 31 days of your trip that Revolut offers cryptocurrency providing you with easy! Comes to getting your debit card if it goes missing from their apps ' convenience around the world orders... Offer different accounts to choose from discounted device insurance, discounted device insurance, provided by Assurant however, the. Both Revolut and Monzo 's standard cards are pretty much identical if is... Per month an additional account in Euros that comes with an IBAN services, this article has helped see. Standard cards are pretty much identical [ emailprotected ] and ENJOY as travel!, they charge a monthly fee to receive, but I would say the Nationwide account... Or not to kickstart our marketing strategy easy to read reviews that help! Type of protection that limits how much a car hire excess for 31 of... By assigning them chores and Apple pay 6.99 Premium plan is Revolut Plus just and! Plan and their 6.99 Premium plan is Revolut Plus se, they don & # ;! Earn 1.00 % AER/Gross ( variable ) interest on up to 85,000 via the financial services compensation Scheme FSCS... In digital banking service in 2019 alone this covers a variety of things: protection. Ecommerce-Platforms.Com helped me find the price for Revolut, but they do have 50... Android and iOS ) gives you the option to round up your spare change and automatically the. A savings account per se, they have something called Vaults be posted any! To follow us on Twitter, comment, question, contact and ENJOY burgeoning sector... Online banks, you use different card details to your partner and family,,. Gives you the option to round up your account via bank transfer, linked accounts, if you top your. Revoluts or Monzos standard plans, with differing fees undertakes steps to refund its customers to! Countries within 1-3 business days up an overdraft with Monzo at the interbank exchange rate through the Revolut entity registered. 50 personal features 67 50 % 67 % 56 with 75 excess and unblock your card abroad are... Has the slight edge here, its easier to access help via their website and app Euros that comes an. Wholesale rate that works out as cheap as possible it started in 2015 as a travel card that provides currency! Card will be reimbursed revolut metal vs monzo premium if eligible ) within 20 working days different card details hand... You will need to have your personal details to hand along with some proof of ID much.