K Bank vs Monzo.
K Bank (K78/100) 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. A close tie.
| K K Bank №09 · KDIC 78 /100 | M Monzo №08 · Central Bank of Ireland 78 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /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 | Full bank KDIC | Full bank Central Bank of Ireland |
| Deposit guarantee Per depositor | €50,000,000 KR.KDIC | €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 | 4.5 ★ iOS 4.5 · And 4.4 | — |
| Read review → | Read review → | |
Pick K Bank if…
Korea's first Internet-Only Bank to launch (April 2017) — predates Kakao Bank by three months. KT Corporation (Korea Telecom) is the largest shareholder, providing carrier-bundled distribution and ASEAN remittance corridors via Wirebarley. The cash-settlement counterparty for Upbit, Korea's largest crypto exchange — exposure to crypto-cycle deposit flows. Listed on KOSPI in 2024 after two shelved IPO attempts.
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 K Bank won 1 of 2
- Best for reach Monzo won 1 of 3
- Best for ux K Bank won 1 of 2
K Bank vs Monzo — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is K Bank better than Monzo?
K Bank and Monzo are tied 2–2 across 12 dimensions under our v3 methodology. Composite scores: K Bank 78/100 vs Monzo 78/100. The right pick depends on which dimension you weight most heavily.
Is K Bank or Monzo cheaper?
Monthly fee — K Bank: €0; Monzo: €0. Card FX markup — K Bank: 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, K Bank or Monzo?
K Bank holds a Full bank licence under KDIC; deposit guarantee per depositor: €50,000,000. Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. K Bank is the stronger pick on regulatory protection.
Where can I use K Bank and Monzo?
K Bank 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.