Compare Currensea and Cashplus

How do Currensea and Cashplus compare?

Currensea and Cashplus are two fintech platforms that provide distinct solutions within the mobile banking industry.

Currensea is a UK-based company that offers a travel debit card linked directly to users' existing bank accounts. This approach eliminates the need to transfer money to a separate account or card for foreign transactions. The primary advantage of Currensea is its ability to drastically reduce foreign transaction fees, making it an excellent choice for frequent travellers or those regularly involved in international payments. However, its services are focused and do not extend to a complete suite of banking services.

On the other hand, Cashplus, also based in the UK, offers a broader array of digital banking services. It provides current accounts, business accounts, and credit services to its users. Known for its accessibility, Cashplus is particularly popular among freelancers, small businesses, and individuals who may struggle to open accounts with traditional banks. It also offers features like overdrafts, expense cards, and integrations with accounting software, which can be quite beneficial for businesses. However, while it offers more comprehensive services, its focus on international transactions is not as specialized as Currensea.

In summary, Currensea and Cashplus bring unique solutions to the world of mobile banking. Currensea excels in providing a convenient and cost-effective solution for international transactions, allowing users to link directly to their existing bank accounts. Meanwhile, Cashplus provides a more comprehensive banking experience, especially geared towards small businesses, freelancers, and those seeking more accessible banking services. The choice between the two ultimately depends on the specific banking needs and priorities of the user.