Monzo vs YAP.
Monzo (M78/100) and YAP (Y69/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Monzo leads YAP 3-2.
| M Monzo №08 · Central Bank of Ireland 78 /100 | Y YAP №40 · CBUAE 69 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 69 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | €200 /mo | — |
| Protection | ||
| Banking licence Tier | Full bank Central Bank of Ireland | Partner-bank CBUAE |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | €250,000 AE.DPS |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 2 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | — | 4.3 ★ iOS 4.3 · And 4.2 |
| Read review → | Read review → | |
Pick Monzo if…
Pick if you bank in the UK or Ireland and value the best budgeting tools in the category.
Pick YAP if…
UAE expat-focused digital bank — partner-bank model via RAK Bank. Strong remittance corridor to Pakistan. Multi-currency wallet differentiates vs. AED-only competitors. AE DPS cover applies via the RAK parent.
- Best for fees Monzo won 1 of 4
- Best for protection Tied
- Best for reach Tied
- Best for ux YAP won 1 of 2
Monzo vs YAP — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than YAP?
Under our v3 methodology, Monzo leads YAP 3–2 across 12 dimensions. Composite scores: Monzo 78/100 vs YAP 69/100. Monzo is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Monzo or YAP cheaper?
Monthly fee — Monzo: €0; YAP: €0. Card FX markup — Monzo: Interbank; YAP: Interbank. Monzo wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Monzo or YAP?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. YAP holds a Partner-bank licence under CBUAE; deposit guarantee per depositor: €250,000. Both score equally on regulatory protection rows.
Where can I use Monzo and YAP?
Monzo operates in 2 countries; YAP operates in 2 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.