Compare Monese and Tandem

How do Monese and Tandem compare?

Monese and Tandem are both digital banks based in the UK that offer innovative banking services to their customers. While Monese has a strong focus on international money transfers and supporting customers with limited credit history, Tandem's main focus is on helping customers save money and achieve their financial goals.

Monese offers multi-currency accounts with low fees for foreign currency transactions, making it a good option for frequent international travelers. It also provides customers with a free basic account, making it a good option for those who may struggle to access traditional banking services. Monese also offers a premium account with additional features and benefits.

Tandem offers a range of savings products, including fixed-term savings accounts and a cashback credit card. The bank also provides a helpful spending tracker feature that helps customers understand their spending habits and identify areas where they could save money. Tandem offers a free account with a range of features, while its premium account offers additional benefits such as cashback on purchases and interest on savings.

Overall, Monese and Tandem are both strong options for UK-based customers looking for innovative digital banking services. Monese is a good choice for those looking to make international transfers, while Tandem's focus on savings and cashback could be particularly attractive to those looking to improve their financial wellbeing.