Best Monzo Alternatives in 2026
8 alternatives to Monzo in Neobanks, ranked by our editorial score. Compare pricing, free tiers, and best-fit guidance side by side.
Top Neobanks Alternatives
| Tool | Score | Starting Price | Free Tier | Best For | |
|---|---|---|---|---|---|
| Tomorrow | 79 | Free | ✓ | Eco-conscious individuals in Germany who want a mobile-first bank account that a | Compare vs Monzo → |
| Revolut | 76 | Free | ✓ | Revolut is ideal for travelers, freelancers, and digital nomads who need a cheap | Compare vs Monzo → |
| ANNA Money | 73 | Free | ✓ | UK freelancers, contractors, and small business owners who want a no-nonsense, A | Compare vs Monzo → |
| Tandem Bank | 70 | Free | ✓ | Environmentally conscious UK residents who want a free everyday bank account wit | Compare vs Monzo → |
| SoFi | 69 | Free | ✓ | US consumers who want to replace multiple banking, lending, and investing apps w | Compare vs Monzo → |
| Pleo | 65 | Free | ✓ | European SMEs and mid-market companies that want to automate expense reporting, | Compare vs Monzo → |
| NuBank | 63 | Free | ✓ | Individuals in Brazil, Mexico, or Colombia who want a free, mobile-first persona | Compare vs Monzo → |
| Tide | 62 | Free | ✓ | UK small business owners, freelancers, and contractors who want a free, app-base | Compare vs Monzo → |
Which Alternative Should You Choose?
Best for: Eco-conscious individuals in Germany who want a mobile-first bank account that a
⚖️ Monzo vs Tomorrow →Best for: Revolut is ideal for travelers, freelancers, and digital nomads who need a cheap
⚖️ Monzo vs Revolut →
Best for: UK freelancers, contractors, and small business owners who want a no-nonsense, A
⚖️ Monzo vs ANNA Money →
Best for: Environmentally conscious UK residents who want a free everyday bank account wit
⚖️ Monzo vs Tandem Bank →❓ Frequently Asked Questions
Is Monzo a regulated bank and is my money safe?
Yes, Monzo is FCA-regulated with a full UK banking license, so it follows strict rules for handling customer money. Your deposits are also protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.
How much does Monzo really cost?
The standard current account is free with no monthly fee, but Monzo offers optional paid tiers called Monzo Plus and Monzo Premium that unlock perks like higher savings interest and insurance. Standard account holders may still incur fees for things like cash deposits, overdraft interest, and some foreign transactions outside the EEA.
Can I use Monzo card abroad without fees?
On the free plan, card spending in the EEA is fee-free, but outside the EEA there's typically a 3% foreign transaction fee. The paid Premium plan does away with most foreign fees and gives you free cash withdrawals worldwide, so it depends on your account level and destination.
Does Monzo have physical branches where I can talk to someone?
No, Monzo is mobile-only, so there are no high street branches. You manage everything through the app, and customer support is via in-app chat, phone (for some plans), or email.