Monzo vs TymeBank.
Monzo (M78/100) and TymeBank (T50/100), 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 TymeBank 6-1.
| M Monzo №08 · Central Bank of Ireland 78 /100 | T TymeBank №73 · SARB 50 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 50 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | 2.00% |
| 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 | Payment inst. SARB |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | Safeguarded ZA.CODI |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | — | 4.3 ★ iOS 4.4 · And 4.3 |
| 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 TymeBank if…
First South African full-bank digital launch (2018). Tyme Group's flagship product — the same operator behind GoTyme (PH). Pick n Pay + Boxer in-store card kiosks differentiate vs. all-app competitors. SARB-regulated full bank, CODI ZAR 100,000 cover. ~9M ZA customers.
- Best for fees Monzo won 2 of 4
- Best for protection Monzo won 2 of 2
- Best for reach Monzo won 1 of 3
- Best for ux TymeBank won 1 of 2
Monzo vs TymeBank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than TymeBank?
Under our v3 methodology, Monzo leads TymeBank 6–1 across 12 dimensions. Composite scores: Monzo 78/100 vs TymeBank 50/100. 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 TymeBank cheaper?
Monthly fee — Monzo: €0; TymeBank: €0. Card FX markup — Monzo: Interbank; TymeBank: 2.00%. Monzo wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Monzo or TymeBank?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. TymeBank holds a Payment inst. licence under SARB; deposit guarantee per depositor: Safeguarded. Monzo is the stronger pick on regulatory protection.
Where can I use Monzo and TymeBank?
Monzo operates in 2 countries; TymeBank 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.