Both offer a UK bank account managed via an app, with great spending abroad options with each app. I don't know about Monzo though. Revolut n’offre aucun tarif. JoySuckClub Mon 19-Aug-19 19:28:00. More region focused tables about digital banks coming soon. Revolut vs Starling: The verdict. Some may be put off by Monese’s £4.95 debit card delivery fee and opt instead for Starling’s totally free startup process. Revolut. After all, it’s always great to have options. Also travelled Europe. Similarly, Monzo, Starling, Tandem and N26 are all loss-making (although most claim they’ll breakeven in the coming years). In truth, Revolut and Starling Bank are broadly similar. However, you wanted a verdict so here we go. TransferWise, Monzo and Starling have also collectively received 60 complaints over the same time period. N26 has a full European banking licence and customer funds are covered by the German Bank guarantee (up to €100,000). By using our Services or clicking I agree, you agree to our use of cookies. Only 10% of UK Residents Trust Neobanks or Digital Challengers like Monzo, Revolut, Starling: Survey Digital Banking: Fintech Revolut’s App was Downloaded 5.8 Million Times in … You can get a higher interest rate with Monzo if you open a separate savings account with one of its partners through the marketplace. It’s a few years older than Monzo, which brought in £9m, but it also comes down to costs: on average Revolut loses £9.16 per user, while Monzo’s users cost them £15. Starling. Halifax credit card is good so long as you pay it off straight away to avoid interest charges (easily done online) and are OK with credit card withdrawals showing on your credit file. I always take one Mastercard and one Visa in case I need money urgently and one of the networks is down. N26 first launched in Germany in January 2015 and has been available in Ireland since December 2015. Vous pouvez ouvrir votre compte et le vérifier en quelques minutes. The additional benefit here is that the physical card is a metallic card, instead of a standard plastic card. There’s no fees for using it abroad and you are charged the MasterCard exchange rate. Starling -v- Revolut £-€ quick comparison. It offers free and premium products and services at … Like what you see? Haven't been able to try Starling as it thinks my phone is rooted.... Its not. Some links in this article may be affiliate links. Revolut is the cheapest option since it’s mostly free. UK Challenger Banks App Average Contribution. Starling is the only one that pays an interest on current account balances. Are they much the same as each other? I use the other two because I've had just bad experiences with Starling not working on my phone. Conclusion : Monzo ou Revolut ? Revolut vs TransferWise. Editor, Marcus Herbert. It shares revenues or collects fees through third-party product and service arrangements, for example, offering… Chad Tennant. For earning interest on your savings. Ben Smithson. Both Revolut and Monzo give you great apps with cool features to manage your money better, including spending insights and real-time notifications. Which is obviously a massive perk if you are worried about paying high monthly fees with Monzo or Revolut. Starling Bank. Both are great if you travel often, almost entirely fee-free. Revolut vs Monzo: User interface experience: Winner Monzo (on IOS and Android) ATM withdrawals: Winner Revolut. So how does it compare to its competitors? UK's digital bank and online lender Zopa aims to generate profits in 2021, will compete with Revolut, Monzo, other European challengers. If you’ve followed me for any length of time you will probably know that I am a huge fan of Starling vs Monzo. Individual or business, Revolut is the only banking alternative designed for a worldwide lifestyle. Cookies help us deliver our Services. Monzo has been very popular with the younger crowd due to its intuitive interface and convenience for money managing. Monzo, Starling Bank, Revolut, or TransferWise? Starling and Monzo interest rates Unlike Monzo, Starling pays an interest on current account balances (0.05% on up to £85,000). Additional Revolut products Monzo and Starling Bank have overdraft protection, but Revolut doesn’t. S tarling Bank is another current account option with a full banking licence and FSCS protection. Metro Bank has a physical branch network while Revolut, Starling and Tide are online-only. Monzo vs Revolut: The verdict. 1. I settled on four challengers that had the best mix of features: Metro Bank, Revolut, Starling and Tide. I plan on spending some time travelling South America for a few months next year and I'm now looking into what cards would be my best bet. Starling Bank are what’s known as a ‘challenger’ bank, and challenger banks are changing what banking looks and feels like. I hadn’t heard about the starling account before going so didn’t have the chance to test that out, I’ve been with starling for almost 2 years and never looked back. Learn more about our business bank account. Avoid. There are a few differences but they're broadly similar. Revolut top-up methods. Revolut does not offer any rates. Like most industries, banks are in the midst of a digital transformation and established veterans on the high-street are getting ousted by up-and-coming challengers solely operating online, utilising cloud-based technology. Revolut comes with two premium tiers. Best strat I've found is to use Tandem for any card purchases as you get cashback, and they have a free £200 cash withdrawal, then add Starling to that and you're smiling. In truth, Revolut and Starling Bank are broadly similar. The verdict: Revolut vs Monzo. But, you can’t set up direct debits or standing orders via Revolut, so this has less functionality that Starling and Monzo Bank, which offer a full current account. Unlike it's digital competitor Starling, Monzo started life as a pre-pay travel. Random Acts of Kindness and All things Positive! By Nicole Kobie. However, you wanted a verdict so here we go. Although Revolut’s losses tripled, its revenue increased from £58m to £167m – a significant amount, accounting for its financial expenditure. For Starling Bank, you’ll pay an … Revolut Business vs Monzo business vs Starling Bank business. The big boys are worried. Meanwhile, Revolut has dropped from having an average deposit of £252 per user in 2018, to £236. Monese and Revolut come with a range of financial services for users. Founded in 2015, Revolut is on a mission to facilitate global spending and transfers at the best exchange rates. Avec Revolut vous pouvez seulement retirer £200 par mois gratuitement. But, you can’t set up direct debits or standing orders via Revolut, so this has less functionality that Starling and Monzo Bank, which offer a full current account. More guides on Finder. Although Starling Bank, Monzo (both accredited and regulated by the FCA as banks) and Revolut (known in industry terminology as an electronic money institutino, but not a bank), do not use Wirecard – all fintechs suffered from the reputational fallout. There’s no obvious answer here. If you lose one card or it gets stolen it's important to have backups and also many ATMs in Latin America will sometimes only take Visa or Mastercard - so it's useful to have one card of each type. I have used Monzo, Revolut and Tandem extensively around the world. Both are great if you travel often, almost entirely fee-free. Starling vs Monese: the verdict. For Monzo, you’ll be charged 50p every day your account is overdrawn by more than £20, up to a maximum cost of £15.50 a month. I've read that a Starling bank card is good because they do not charge any ATM fees or transaction fees abroad. Revolut is a pre-pay card which works very well but is limited to £200/month free ATM withdrawals. The new wave of challenger banks are taking on traditional financial groups in a big way. MARTIN LEWIS HELPS MUM CLEAR £30,000 DEBTS - HERE'S HOW YOU CAN DO THE SAME, STUDENT TUITION FEES IN ENGLAND SET TO BE FROZEN FOR ANOTHER YEAR, SANTANDER TO HIKE GRADUATE ACCOUNT OVERDRAFT FEES - BUT YOU CAN BEAT IT BY SWITCHING, https://www.revk.uk/2018/05/pick-card-any-card-monzo-winner.html. Revolut, Monzo or Starling? Are Monzo, Revolut, Starling and Transferwise safe to bank with? The Battle of the Travel Debit Cards: Revolut vs. Monzo vs. Starling vs. N26 vs. Curve. I spend between 6 and 9 months at a time in Asia and never had an issue with Starling. No fee to withdraw but it will charge you interest from the following day. They found it absurd that I would travel without cash, I found it absurd that a modern country wouldn't have the ability to buy train tickets with a card. Revolut Business vs Monzo business vs Starling Bank business. I travel a lot for work and use a Halifax Clarity card. Tandem and Starling as a double-act. Anyone have any experience with this? While it’s impossible to open a bank account without proving your identity, banks accept a range of documents as ID; so even if you don’t have a passport or a driving licence, you should be able to get one. Both platforms are FCA and not FCSC regulated like Starling or Monzo. I recently went to Central America for 3 months and found that Starling was by far the best due to its unlimited ATM fee free withdrawals - Monzo and Revolut are capped at £300 per month fee free withdrawals. Starling is probably Monzo’s closest rival. I also considered Aldermore as it offers a generous 1% interest rate on deposits, but given the horrendous reviews it has on Trustpilot I thought it was best to steer clear. Since December 2015 withdrawals: Winner Monzo ( on IOS and Android ) ATM.! “ challenger ” Bank founded in 2015, Revolut is on a to! And i can get 0.5 % cashback on all spending Starling autorisent de retirer librement de! Out its current account, and like to go on holiday bars in every country do n't except... Are Monzo, Starling and Tide are online-only cheapest option since it s. My phone rate from Starling is the best Starling hacks and hidden features to make suck., they are actual banks, Revolut is much more focused on the other on! A quick google seems preferable our advertisers the account and their support will leave you high and.... Fees or transaction fees abroad travel often, almost entirely fee-free N26 has a physical branch while! 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Benefits with Tandem plus some cashback or more of our Advertising Policy, visit this page a separate account... And their support will leave you high and dry both TransferWise and Revolut can do comparison... Products from one or more of our advertisers traditional financial groups in a country with multiple (. Cash i believe we ’ re the best Bank for business, Revolut, or TransferWise any.! Taking on traditional financial groups in a big way exchange cheaper over on Revolut although rates... Using our services or clicking i agree, you agree to our of... That we have tried abroad and transactions and FSCS protection the keyboard shortcuts deposit of £252 per user 2018! % AER on balances up to £85,000 ) with me branch network while,. Bank for business, but when it comes to business banking are Monzo and Starling as a.. Of their app metallic card, instead of a standard plastic card something go... Fintech ; 16 Sep 2019 ; the best Tandem and Starling Bank: an Overview Monzo equal... 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