SoFi vs Monzo.
SoFi (S79/100) and Monzo (M78/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. SoFi leads Monzo 5-2.
| M Monzo №08 · Central Bank of Ireland 78 /100 | S SoFi №07 · OCC 79 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 79 /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 | Full bank OCC |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | $250,000 US.FDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | — | 3.6 ★ 12k reviews |
| App store iOS + Android avg | — | 4.7 ★ iOS 4.8 · And 4.6 |
| 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 SoFi if…
Pick if you want the best US savings yield from an OCC-chartered bank with a clean account experience.
- Best for fees Monzo won 1 of 4
- Best for protection SoFi won 1 of 2
- Best for reach Tied
- Best for ux SoFi won 2 of 2
SoFi vs Monzo — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than SoFi?
Under our v3 methodology, SoFi leads Monzo 5–2 across 12 dimensions. Composite scores: Monzo 78/100 vs SoFi 79/100. SoFi is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Monzo or SoFi cheaper?
Monthly fee — Monzo: €0; SoFi: €0. Card FX markup — Monzo: Interbank; SoFi: 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 SoFi?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. SoFi holds a Full bank licence under OCC; deposit guarantee per depositor: $250,000. SoFi is the stronger pick on regulatory protection.
Where can I use Monzo and SoFi?
Monzo operates in 2 countries; SoFi operates in 1 country. 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.