Compare Suits Me and Monzo

Compare Suits Me vs Monzo to make an informed decision for your financial needs. Whether you're interested in mobile banking, unique features, or specific benefits, this comparison will help you navigate some of the differences between Suits Me and Monzo.

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Suits Me Suits Me
Monzo Monzo

How do Suits Me and Monzo compare?

Mobile banking has become a dominant force in the global economy, offering users unparalleled convenience and control over their finances. Two popular mobile banks currently making strides in the sector are Suits Me and Monzo.

Suits Me, a UK-based alternative banking solution, caters mainly to account holders who may be overlooked by traditional banks like temporary or freelance workers and non-residents. Accessibility and ease of setup are its key features, as it allows users to open an account in a matter of minutes, without the need for credit checks. Valuable features include free ATM withdrawals, cashback rewards from selected retailers, and international money transfers. Its banking services come with a simple pricing structure, however, it doesn’t provide overdrafts, loans, or savings options, limiting its use to daily transactions and monetary management.

Monzo, on the other hand, is a digital, mobile-only bank also active in the UK. Notable for its hot coral pink card, its primary appeal is to tech-savvy and financially aware consumers in search of tools to facilitate budgeting and saving. Monzo offers most services provided by a traditional bank which includes savings pots, interest on balances, overdrafts, and loans. Users appreciate the instant notifications on expenditures, budgeting tools, and the ability to freeze the debit card instantly through the app, increasing security. However, Monzo does not offer cashback rewards, requires a credit check to open an account, and there is a cost for withdrawing cash from ATMs abroad.

Ultimately, comparing these two mobile banking options, Suits Me ensures simplicity and inclusivity, particularly valuable to those overlooked by traditional banks, while Monzo caters to those seeking full-fledged banking services with an edge towards financial control, management, and security. Both provide novel solutions to meet the diverse needs of modern banking.

Neolista Score

4.2

Suits Me has a Neolista score of 4.2 out of 5.

Go to Suits Me

Trustpilot

Suits Me has a Trustpilot rating of 4.2 out of 5, based on 18,773 reviews.

App Store

Suits Me has an Apple App Store rating of 4.6 out of 5, based on 9,713 reviews.

Play Store

Suits Me has a Google Play Store rating of 4.1 out of 5, based on 6,237 reviews.

Neolista Score

4.7

Monzo has a Neolista score of 4.7 out of 5.

Go to Monzo

Trustpilot

Monzo has a Trustpilot rating of 4.5 out of 5, based on 46,150 reviews.

App Store

Monzo has an Apple App Store rating of 4.9 out of 5, based on 253,543 reviews.

Play Store

Monzo has a Google Play Store rating of 4.8 out of 5, based on 148,524 reviews.

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Average Neolista Scores

Compare the Neolista scores of Monzo and Monzo to the overall average score across all listed neobanks.

Logo Suits Me
4.2
VS
Logo Monzo
4.7
VS

Directory average

4.2

"I needed to contact customer care today and spoke with Lucian. He was brilliant! As soon as I explained my issue, he quickly sorted it out. Great customer service and support; I truly appreciate his polite efficiency. Overall, it was a good experience."

Trustpilot
Jessica "Suits Me" review from TrustPilot

"I appreciate being able to access my money a little early. The savings pots are a fantastic feature, allowing me to save for various reasons and manage permissions for moving funds. This account has significantly improved my spending habits."

Trustpilot
Michelle "Monzo" review from TrustPilot

Suits Me is great for everyone

Suits Me is available for both personal and business customers.

Go to Suits Me

Monzo is great for everyone

Monzo is available for both personal and business customers.

Go to Monzo

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