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Monzo vs Bunq: Which one to choose?

When deciding between Monzo and Bunq, it’s important to evaluate which features best align with your financial needs.
This comparison will highlight key differences, from mobile banking capabilities to specific benefits, helping you make an informed choice.
Monzo home page

Monzo

Bunq home page

Bunq

How do Monzo and Bunq compare?

Bunq and Monzo are two well-known mobile banking platforms that offer distinct features and services to their customers.

Bunq, a European-based mobile bank, focuses on advanced digital banking features and sustainability. It offers both personal and business accounts with real-time notifications, instant money transfers, and multi-currency support. Users can create sub-accounts for specific savings goals and integrate with payment platforms like Apple Pay and Google Pay. Sustainability is a key pillar for Bunq, with features like tree planting for every transaction, making it a great choice for eco-conscious users.

Monzo, based in the UK, is renowned for its transparent, user-friendly banking experience. It provides personal accounts with instant notifications, budgeting tools, and spending analytics. Monzo also allows users to set financial goals, split bills, and make fast transfers. Its mobile app includes features like categorized spending and savings pots, helping users manage their finances easily.

In terms of fees, Bunq operates on a subscription model with different pricing tiers offering various features, while Monzo offers free basic accounts with optional premium plans that unlock extra benefits.

In summary, Bunq is ideal for users looking for advanced features and a sustainable approach, while Monzo offers a more straightforward, user-friendly banking experience with strong budgeting tools. The choice depends on whether you prioritize sustainability and advanced features (Bunq) or a simple, transparent banking experience (Monzo).

Monzo logo

Founded: 2015

Headquarters: London, UK

Users: +10 million

Countries available: United Kingdom

Account plans: Personal users and Businesses

Go to Monzo
Bunq logo

Founded: 2012

Headquarters: Amsterdam, Netherlands

Users: +14.5 million

Countries available: 30

Account plans: Personal users and Businesses

Go to Bunq

Other comparisons about Monzo and Bunq

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Why use a neobank?

Affordable fees and attractive pricing

Quick account setup and hassle-free onboarding

Intuitive design for easy navigation

Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.

Advanced budgeting and financial tracking tools

Responsive support and community involvement

What Neobank: Your guide to modern banking.