Monzo vs Wise.
Monzo (M78/100) and Wise (W68/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Wise leads Monzo 4-3.
| M Monzo №08 · Central Bank of Ireland 78 /100 | W Wise №42 · FCA 68 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 68 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 /mo |
| FX markup Debit card abroad | Interbank | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | €200 /mo | €200 /mo |
| Protection | ||
| Banking licence Tier | Full bank Central Bank of Ireland | E-money inst. FCA |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | Safeguarded GB.FSCS |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 160 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | — | 4.3 ★ 220k reviews |
| App store iOS + Android avg | — | 4.5 ★ iOS 4.7 · 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 Wise if…
Pick if FX and multi-currency receiving accounts dominate your usage — not for stocks or crypto.
- Best for fees Tied
- Best for protection Monzo won 2 of 2
- Best for reach Wise won 2 of 3
- Best for ux Wise won 2 of 2
Monzo vs Wise — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than Wise?
Under our v3 methodology, Wise leads Monzo 4–3 across 12 dimensions. Composite scores: Monzo 78/100 vs Wise 68/100. Wise is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Monzo or Wise cheaper?
Monthly fee — Monzo: €0; Wise: €0. Card FX markup — Monzo: Interbank; Wise: Interbank. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Monzo or Wise?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. Wise holds a E-money inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Monzo is the stronger pick on regulatory protection.
Where can I use Monzo and Wise?
Monzo operates in 2 countries; Wise operates in 160 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.