Compare Bunq and Monese

How do Bunq and Monese compare?

Bunq and Monese are two mobile banking solutions that cater to different customer needs and provide unique features and services.

Bunq is a European-based mobile bank that focuses on advanced digital banking features and sustainability. They offer personal and business accounts with features like real-time notifications, instant money transfers, and multi-currency support. Bunq allows users to create sub-accounts for specific savings goals and offers integrations with popular payment platforms like Apple Pay and Google Pay. Sustainability is a key focus for Bunq, and they even offer features like tree planting with each transaction.

Monese, on the other hand, is a mobile bank designed for individuals who may have difficulty accessing traditional banking services. They offer personal accounts with essential banking features such as online payments, money transfers, and a contactless debit card. Monese specializes in providing banking services to individuals who are new to a country, have a limited credit history, or are non-residents.

In terms of fees, Bunq operates on a subscription-based model with different pricing tiers offering various features and services. Monese offers different account plans, including a free basic plan and premium plans with additional benefits.

Overall, Bunq is suitable for individuals seeking advanced digital banking features and a sustainable approach, while Monese caters to customers looking for basic banking services with a focus on accessibility and serving underbanked populations. The choice between the two would depend on individual preferences, specific banking needs, and the importance placed on advanced features or accessibility.