Revolut vs Monzo: what’s the best account in 2026?
Financial basics · 7 May 2026Dimitri de Perthuis · Nuria Macias Castro
This guide breaks down key differences between Revolut and Monzo's personal accounts, so you can decide which one fits your lifestyle best.
These 2 accounts help people save, spend, and manage their money — from everyday finances to spending abroad. Read on for a full overview.
This comparison is based on publicly available information published by other providers as of 20 March 2026.
You should visit their websites for confirmation of any information included here, including latest costs and charges.
Revolut vs Monzo: overview
Feature | Revolut | Monzo |
Debit card type | Visa or Mastercard | Mastercard |
Interest on savings | Up to 4% AER (variable) with Ultra¹ | Up to 3.25% AER (variable) with Perks and Max plans¹ |
Investment options | Listed shares and listed ETFs,² with commission-free trades available on all plans — starting with one commission-free trade per month on Standard, and going up to 3 on Plus, 5 on Premium, and 10 on Metal and Ultra | Discretionary: Ready-made investment funds managed by BlackRock Execution Only: Self-select ETFs from BlackRock's iShares range, but no individual stock trading is available |
SEPA transfers | No fees for euro payments, exchange and fair usage fees apply on transfers in other currencies | 1% conversion fee for receiving, sending starts at 0.67% + £0.31 for euros |
ATM withdrawal abroad (outside UK and EEA) | Up to £200 or 5 withdrawals per rolling month on Standard³ | Up to £200 every 30 days with a free current account³ |
Early salary (UK) | One business day early | One business day early |
Travel benefits on paid plans | Travel insurance, access to 1,000+ airport lounges, for Ultra customers, global eSIM data, and more. T&Cs apply⁴ | Travel and phone insurance |
Partner subscriptions on paid plans | Financial Times, WeWork, Uber One, Tinder Plus, NordVPN, Headspace, Perplexity | Greggs, Railcard, Vue, Uber One |
¹Interest rates are accurate as of 20 March 2026 and may not reflect future interest rates. Please refer to Revolut and Monzo for the most up-to-date information. The Annual Equivalent Rate (AER) shows the interest you can earn over 1 year. AER is compounded, so you’ll earn interest on interest already earned. A lower rate might apply depending on balance. Interest is liable to applicable taxes. Paid plan fees and T&Cs apply.
²When you invest, your capital is at risk. Investment services are provided by Revolut Trading Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 933846).
³After you reach your monthly ATM limit, Revolut charges a 2% fair usage fee and Monzo charges a 3% fee. Higher limits available depending on plan. Third-party ATM fees may also apply.
⁴Travel insurance is only available on Ultra and Metal plans. Insurance T&Cs apply.
Revolut vs Monzo: account plans
Revolut and Monzo offer different personal account plans with a range of features to suit your financial needs. From everyday expenses and budgeting to spending abroad and investing — explore plan pricing and other account options below.
Revolut plans
- Standard: no subscription cost
- Plus: £3.99/month
- Premium: £7.99/month
- Metal: £14.99/month
- Ultra: £55/month
We also offer Kids & Teens accounts, Business accounts, and Revolut Pro accounts for freelancers.
Monzo plans
- Current personal: no subscription cost
- Extra: £3/month
- Perks: £7/month
- Max: from £17/month
Monzo also has Under 16s, 16-17s, and Business accounts.
Revolut vs Monzo: ATM fees
We broke down Revolut and Monzo's ATM fees and limits, so you know what to expect — whether you're spending abroad or just need fast access to your money.
Revolut
- No Revolut withdrawal fees within your plan's monthly limit (Standard: £200 or 5 withdrawals, Plus: £200, Premium: £400, Metal: £800, Ultra: £2,000)⁵
- 2% fee applies outside plan allowance
Monzo
Unlimited UK and EEA withdrawals if Monzo is your main bank or if you have Monzo Plus, Premium, Perks, or Max. £400 limit every 30 days in the UK and EEA Otherwise.
- Limit per month outside the UK and EEA (Free: £200, Plus: £400, Perks and Max: £600).
- 3% fee applies outside your allowance.
⁵Third-party providers may charge a fee.
Revolut vs Monzo: international transfers
Whether you're spending or transferring abroad, take a closer look at what Revolut and Monzo accounts have to offer.
Feature | Revolut | Monzo |
Transfer reach | Supports 38 currencies across 160+ countries | Supports sending 38+ currencies globally |
Exchange rates | Uses the Revolut exchange rate, a fee applies to exchanges on weekends (1% for Standard customers, 0.5% for Plus customers, and 0% for Premium, Metal, and Ultra customers) | Uses the Mastercard wholesale exchange rates |
Sending fees | SEPA transfers: no fees for euro payments, exchange and fair usage fees apply to transfers initiated in other currencies International: dynamic fees with plan discounts (Premium: 20% off, Metal: 40% off, Ultra: 100% off), fees, T&Cs, and plan limits apply | Upfront fees calculated upfront by Wise, usually consisting of a small fixed cost and a variable percentage |
Receiving money | Generally free for supported currencies sent to your local account details. Exchange fees apply if currency has to be converted. | 1% conversion fee (capped at £1,000) to convert incoming foreign currency into GBP |
Revolut vs Monzo: savings and interest
Both Revolut and Monzo offer savings features to help you grow your money. Whether that's Pockets or interest accounts, explore what each provider offers below:
Revolut
- Savings interest up to 3% AER (variable) on our Standard plan⁶
- Up to 4% AER (variable) on our Ultra plan⁶
- Interest paid daily, so you can watch your money grow in real-time
Money held in Instant Access Savings via ClearBank is protected up to a limit of £120,000 by the FSCS. T&Cs apply.
⁶The information provided is accurate as of 20 March 2026, and may not reflect future interest rates or T&Cs. Please refer to the app or website for the most up-to-date details. The Annual Equivalent Rate (AER) shows the interest you can earn over 1 year. AER is compounded, so you’ll earn interest on interest already earned. A lower rate might apply depending on balance. Interest is liable to applicable taxes. Paid plan fees and T&Cs apply.
Monzo
- Instant Access Savings Pots with 2.75% AER (variable) on the free plan
- Pots with 3.25% AER (variable) on paid plans
- Interest paid monthly
Revolut vs Monzo: features and perks
From cashback and travel insurance to premium subscriptions and partner discounts — Revolut and Monzo offer extra features to elevate your everyday money management.
Feature | Revolut | Monzo |
Loyalty program | Earn on eligible purchases to redeem for Airline Miles, Stays, or discounts with RevPoints. RevPoints T&Cs. | Retailer cashback available on selected offers |
eSIMs | Install regional/global data eSIMs in-app to get connected before you land (T&Cs apply), or switch to a full Revolut mobile plan with a phone number, unlimited calls/texts/data, and heavy roaming allowances, right from your phone (T&Cs apply) | None |
Subscriptions/partner rewards | Financial Times, WeWork, Uber One, Tinder Plus, NordVPN, Headspace, Perplexity, and more | Subscriptions to Greggs, Railcard, Uber One, and Vue, as well as travel and phone insurance |
Revolut vs Monzo: final thoughts
When comparing these 2 providers side-by-side, the right choice ultimately depends on your individual financial needs. Both Monzo and Revolut offer robust tools for everyday money management, but their standout features cater to different lifestyles.
If you're looking for an account heavily geared toward international travel and broad financial services such as built-in eSIMs, multi-currency management, integrated investment options, and rewards programs like RevPoints, Revolut may be the right choice. Our app is designed to bring those global tools together, all in one place.
Join millions of others who have already made the switch. Download Revolut today, take control of your finances, and unlock a world of benefits.
Sources:
- Monzo plans
- Understanding fees for using your Monzo card abroad
- Monzo fee information
- Monzo savings
- Monzo Mastercard exchange rate
- Monzo International Payment Fees
- Monzo perks
- Monzo transfers
Sources last checked 20 March 2026.
This comparison is based on publicly available information published by other providers as of 20 March 2026.
Please note that actual charges and services offered may change and vary depending on individual circumstances. For the most accurate and up-to-date information, we recommend visiting each provider’s official website.
This article and the information provided herein are not intended to constitute legal, regulatory advice.