Get your Monese account to start spending, sending and saving in minutes.
Go to Monese Learn moreWe put every effort into ensuring information on Neolista is accurate. Double-check details that matter to you before opening an account.
Supported accounts:
Business Personal
Monese has a Trustpilot rating of 4.2 out of 5, based on 44,859 reviews.
Monese has an Apple App Store rating of 4.7 out of 5, based on 2,181 reviews.
Monese has a Google Play Store rating of 4.3 out of 5, based on 104,142 reviews.
A trusted, all-in-one rating that simplifies feedback from across the web.
Monese is a dynamic and innovative financial technology company that provides a range of banking-like services through its mobile app. Founded in 2015 by Norris Koppel, Monese was established to address the difficulties faced by expatriates and migrants in opening bank accounts when they move to a new country. Although it offers many services typically associated with traditional banks, it is crucial to understand that Monese is not a bank; rather, it is an electronic money institution. This distinction means that while Monese provides digital financial services, it does not hold a banking license and thus operates under different regulatory frameworks than conventional banks.
Monese's platform allows users to open a mobile money account quickly and easily, without the need for a local address or credit history, which are common barriers with traditional banks. Users can sign up and start using their accounts within minutes through the Monese app, available on both iOS and Android devices. The service supports multiple currencies, enabling customers to manage their finances across different countries seamlessly. Monese offers a variety of features, including direct debits, instant money transfers, and the ability to receive payments like a traditional bank account. Additionally, users can request a contactless debit card, which can be used for everyday transactions and ATM withdrawals globally.
Monese's fee structure is transparent, with several account plans to cater to different customer needs, ranging from free basic accounts to premium subscriptions with added benefits. These benefits can include higher allowances for free ATM withdrawals and foreign currency transactions, making it a versatile choice for both personal and business use. The platform is particularly popular among digital nomads, freelancers, and international students due to its flexibility and ease of access.
Security is a top priority for Monese. The company employs advanced security measures to protect user data and funds, including biometric authentication and real-time transaction monitoring. Since Monese is regulated as an electronic money institution, customer funds are safeguarded in segregated accounts, ensuring that they are protected and cannot be used for operational purposes by the company. This regulatory setup ensures that user funds are kept safe, although it differs from the deposit protection schemes typically associated with traditional banks.
Monese also emphasizes financial inclusivity, striving to offer services that cater to individuals who might be underserved by the traditional banking sector. Its approach is customer-centric, focusing on accessibility, simplicity, and efficiency. The company's commitment to innovation is reflected in its continuous development of new features and improvements to its app, aiming to provide a seamless and intuitive user experience.
Wise offers a similar feature set to Monese, but with a focus on making business banking effortless.
Download the Monese app in the App Store or Google Play store.
Monese has an App Store rating of 4.7 out of 5 (based on 2,181 reviews).
Monese has a Google Play Store rating of 4.3 out of 5 (based on 104,142 reviews).
Explore what real users have to say about their experiences with Monese. These 5-star reviews showcase the exceptional service and satisfaction provided by this neobank, giving you insight into why it's a top choice for customers worldwide.
I am satisfied with Monesse; it has good plans and a convenient app. However, I would appreciate direct communication with managers when issues arise, such as app lockouts or delays in money transfers. Immediate responses are important, especially when dealing with significant amounts of money, as it can be concerning not to have instant information.
11/08/2024
Great fast service and quick money transfers. The app is user-friendly, allowing you to open multiple accounts in different countries. Highly recommend!
14/08/2024
The bank is excellent for transactions, and the app is very easy to use. Some staff members are highly responsive and provide great service.
14/08/2024
Love this card! It's fantastic for everyday use, savings, and especially great for traveling abroad.
14/08/2024
The company is fantastic; they make everything easy for me. If there are any minor issues, I reach out to the staff, and they resolve everything as soon as possible.
14/08/2024
Explore our comprehensive collection of blogs that delve into Monese and the world of mobile banking.
Wallester Business simplifies corporate financial management, offering customizable payment cards, real-time expense tracking, and seamless integration with existing financial systems, empowering businesses to operate with greater efficiency and precision.
Read moreThis article delves into four prominent players in the business banking sector—Multipass, Wise, Qonto, and Pleo. We will explore their offerings, advantages, and how they compare.
Read moreApp-based banks, also known as online banks, have revolutionized the way we manage our finances. But what are they?
Read moreStill have a few things you'd like to clear up? We've put together the following simple answers to questions frequently thought, but rarely asked.
Monese is a dynamic and innovative financial technology company that provides a range of banking-like services through its mobile app. Founded in 2015 by Norris Koppel, Monese was established to address the difficulties faced by expatriates and migrants in opening bank accounts when they move to a new country. Although it offers many services typically associated with traditional banks, it is crucial to understand that Monese is not a bank; rather, it is an electronic money institution. This distinction means that while Monese provides digital financial services, it does not hold a banking license and thus operates under different regulatory frameworks than conventional banks.
Monese's platform allows users to open a mobile money account quickly and easily, without the need for a local address or credit history, which are common barriers with traditional banks. Users can sign up and start using their accounts within minutes through the Monese app, available on both iOS and Android devices. The service supports multiple currencies, enabling customers to manage their finances across different countries seamlessly. Monese offers a variety of features, including direct debits, instant money transfers, and the ability to receive payments like a traditional bank account. Additionally, users can request a contactless debit card, which can be used for everyday transactions and ATM withdrawals globally.
Monese's fee structure is transparent, with several account plans to cater to different customer needs, ranging from free basic accounts to premium subscriptions with added benefits. These benefits can include higher allowances for free ATM withdrawals and foreign currency transactions, making it a versatile choice for both personal and business use. The platform is particularly popular among digital nomads, freelancers, and international students due to its flexibility and ease of access.
Security is a top priority for Monese. The company employs advanced security measures to protect user data and funds, including biometric authentication and real-time transaction monitoring. Since Monese is regulated as an electronic money institution, customer funds are safeguarded in segregated accounts, ensuring that they are protected and cannot be used for operational purposes by the company. This regulatory setup ensures that user funds are kept safe, although it differs from the deposit protection schemes typically associated with traditional banks.
Monese also emphasizes financial inclusivity, striving to offer services that cater to individuals who might be underserved by the traditional banking sector. Its approach is customer-centric, focusing on accessibility, simplicity, and efficiency. The company's commitment to innovation is reflected in its continuous development of new features and improvements to its app, aiming to provide a seamless and intuitive user experience.
No, Monese is not a bank. It is an electronic money institution, which means it provides digital financial services similar to those of a bank, but it operates under different regulatory frameworks and does not hold a banking license.
