Monzo vs Grasshopper.
Monzo (M78/100) and Grasshopper (G72/100), 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 Grasshopper 4-2.
| G Grasshopper №29 · OCC 72 /100 | M Monzo №08 · Central Bank of Ireland 78 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 72 /100 | 78 /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 | Partner-bank OCC | Full bank Central Bank of Ireland |
| Deposit guarantee Per depositor | $250,000 US.FDIC | €100,000 EU.DGS.IE |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 2 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.2 ★ iOS 4.3 · And 4.0 | — |
| Read review → | Read review → | |
Pick Grasshopper if…
The OCC-chartered US national bank for startups — the structural distinction from Mercury / Brex / Bluevine / Rho is that Grasshopper IS the bank. Direct FDIC cover at the chartered-bank level, multi-bank Cash Sweep extending to $25M. Free business checking with API access. The structural fit for US-incorporated startups wanting a real bank relationship rather than a partner-bank fintech.
Pick Monzo if…
Pick if you bank in the UK or Ireland and value the best budgeting tools in the category.
- Best for fees Monzo won 1 of 4
- Best for protection Tied
- Best for reach Monzo won 1 of 3
- Best for ux Grasshopper won 1 of 2
Monzo vs Grasshopper — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Grasshopper better than Monzo?
Under our v3 methodology, Monzo leads Grasshopper 4–2 across 12 dimensions. Composite scores: Grasshopper 72/100 vs Monzo 78/100. Monzo is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Grasshopper or Monzo cheaper?
Monthly fee — Grasshopper: €0; Monzo: €0. Card FX markup — Grasshopper: Interbank; Monzo: 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, Grasshopper or Monzo?
Grasshopper holds a Partner-bank licence under OCC; deposit guarantee per depositor: $250,000. Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. Both score equally on regulatory protection rows.
Where can I use Grasshopper and Monzo?
Grasshopper operates in 1 country; Monzo 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.