Venmo vs Monzo

Venmo9.0Visit Monzo8.7Visit

Higher score Venmo #4 in Mobile Payment Apps 9.0/10 Free plan Free plan✓ 0 of 5 features Visit Venmo

vs

Monzo #7 in Mobile Payment Apps 8.7/10 Free plan Free plan✓ 1 of 5 features Visit Monzo

• Venmo fits best

  U.S. peer payments and expense splitting

• Monzo fits best

  UK users wanting banking plus payments

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Side by side

Feature	Venmo 9.0/10 Visit ↗	Monzo 8.7/10 Visit ↗
At a glance
Editor score	9.0	8.7
Ranking	#4 in Mobile Payment Apps	#7 in Mobile Payment Apps
Best for	U.S. peer payments and expense splitting	UK users wanting banking plus payments
Pricing model	Free	Free plan + paid
Starting price	Free plan	£3/mo
Free plan	✓	✓
Free trial	—	—
Deployment	Cloud, Mobile	Cloud, Mobile
Platforms	Web, iOS, Android	Web, iOS, Android
Support	Live chat, Docs	Live chat, Email, Phone, Docs · 24/7
Built for	Solo, Small business	Solo, Small business, Mid-market
Features Venmo 0/5 · Monzo 1/5
In-store payments	Not checked yet	Not checked yet
Peer transfers	Not checked yet	Not checked yet
Bill payment	Not checked yet	Not checked yet
QR payments	Not checked yet	Not checked yet
International transfers	Not checked yet	✓ (best)
Specs
Mobile platforms	Not checked yet	Not checked yet
Our review
Pros	Free app for sending, requesting, and receiving money Group expense splitting, scheduled payments, and transaction history Instant or standard transfers to linked banks and eligible debit cards	Free account includes current account, card payments and budgeting Pots Apple Pay, Google Pay, peer transfers and international payments supported Paid plans add virtual cards, savings benefits and insurance cover
Cons	Primarily serves the U.S. market Transfer fees vary by funding method and transfer type Consumer and small-business focus may not fit larger organizations	Personal accounts are available only to UK residents International payments are limited to supported currencies Several extras require paid monthly plans
Our verdict	Venmo is a mobile payment app for sending, requesting, receiving, and managing money. It is aimed primarily at consumers, friends and family, side gigs, and small businesses. Users can fund payments from a Venmo balance, linked bank… Read the review →	Monzo is a UK digital bank offering personal current accounts through iOS and Android apps, with web access, debit cards, budgeting Pots, spending categories, savings and money transfers. It suits UK residents who want everyday banking and… Read the review →

Strengths and trade-offs

• Venmo — where it wins

  • Free app for sending, requesting, and receiving money
  • Group expense splitting, scheduled payments, and transaction history
  • Instant or standard transfers to linked banks and eligible debit cards

  Where it doesn't

  • Primarily serves the U.S. market
  • Transfer fees vary by funding method and transfer type
  • Consumer and small-business focus may not fit larger organizations

• Monzo — where it wins

  • Free account includes current account, card payments and budgeting Pots
  • Apple Pay, Google Pay, peer transfers and international payments supported
  • Paid plans add virtual cards, savings benefits and insurance cover

  Where it doesn't

  • Personal accounts are available only to UK residents
  • International payments are limited to supported currencies
  • Several extras require paid monthly plans

• Venmo9.0/10 · Free plan

  A free U.S.-focused app for peer payments, splitting expenses, and moving balances.

  Visit VenmoFull verdict →
• Monzo8.7/10 · Free plan

  A UK-focused current account combining card payments, budgeting and transfers.

  Visit MonzoFull verdict →