Monzo vs Wise

Monzo9.0Visit Wise—Visit

Higher score Monzo #7 in Digital Wallet Apps 9.0/10 Free plan · paid from £3/mo Free plan✓ 3 of 3 features Visit Monzo

vs

Wise #8 in Digital Wallet Apps —/10 Free plan Free plan✓ 0 of 3 features Visit Wise

• Monzo fits best

  UK current-account and budgeting users

• Wise fits best

  International transfers at mid-market rates

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Side by side

Feature	Monzo 9.0/10 Visit ↗	Wise —/10 Visit ↗
At a glance
Editor score	9.0	—
Ranking	#7 in Digital Wallet Apps	#8 in Digital Wallet Apps
Best for	UK current-account and budgeting users	International transfers at mid-market rates
Pricing model	Free plan + paid	Free plan + paid
Starting price	Not published	Not published
Free plan	✓	✓
Free trial	—	—
Deployment	Cloud, Mobile	Cloud, Mobile
Platforms	Web, iOS, Android	Web, iOS, Android
Support	Live chat, Email, Phone, Docs · 24/7	Docs
Integrations	4 integrations	2 integrations
Built for	Solo, Small business, Mid-market	Solo, Small business, Mid-market, Enterprise
Features Monzo 3/3 · Wise 0/3
Virtual cards	✓ (best)	Not published
Peer transfers	✓ (best)	Not published
International transfers	✓ (best)	Not published
Specs
Asset scope	Cards_and_fiat	Not published
Supported platforms	iOS, Android, web	Not published
Transaction limit	100 per transaction	Not published
Our review
Pros	Free account includes a UK current account, cards and budgeting Pots No foreign transaction fees on debit card payments Supports peer payments, bank transfers and major mobile wallets	Mid-market exchange rates with upfront fee and delivery estimates Scheduled transfers, exchange-rate alerts and payment tracking Web, iOS and Android access with Apple Pay and Google Pay funding
Cons	Personal accounts are available only to UK residents Virtual cards start with the Extra plan at £3 per month Transfer limits vary by account and are managed in the app	Fees, delivery times and recipient options vary by route and region Bank-based recipient methods may not fit every payment need Some availability and features vary by region
Our verdict	Monzo is a UK digital bank offering personal current accounts, debit cards, budgeting Pots, spending categories, savings and money transfers. It is designed for UK residents who want everyday banking through iOS, Android or the web, with… Read the review →	Wise is an international money transfer service for individuals and businesses. It supports sending money abroad, receiving payments, checking exchange rates, funding transfers by bank transfer or debit or credit card, and tracking payment… Read the review →

Strengths and trade-offs

• Monzo — where it wins

  • Free account includes a UK current account, cards and budgeting Pots
  • No foreign transaction fees on debit card payments
  • Supports peer payments, bank transfers and major mobile wallets

  Where it doesn't

  • Personal accounts are available only to UK residents
  • Virtual cards start with the Extra plan at £3 per month
  • Transfer limits vary by account and are managed in the app

• Wise — where it wins

  • Mid-market exchange rates with upfront fee and delivery estimates
  • Scheduled transfers, exchange-rate alerts and payment tracking
  • Web, iOS and Android access with Apple Pay and Google Pay funding

  Where it doesn't

  • Fees, delivery times and recipient options vary by route and region
  • Bank-based recipient methods may not fit every payment need
  • Some availability and features vary by region

• Monzo9.0/10 · Free plan · paid from £3/mo

  A capable UK digital bank for everyday banking, budgeting and payments.

  Visit MonzoFull verdict →
• Wise—/10 · Free plan

  A practical choice for international transfers with clear pricing and tracking.

  Visit WiseFull verdict →