Monese

Monese Ltd is an FCA e-money firm. Customer accounts are provided by PrePay Solutions (Edenred), authorised by the FCA and the National Bank of Belgium. Safeguarding, not FSCS. That sentence is on Monese’s own safety page. Monzo and Starling are PRA banks. Kroo is a PRA bank. This is e-money with a UK and euro sleeve. Use it to get an account number. Keep rent at a bank.

London, 2015, built for people the high street bounced. PPS has been the issuer for years. Directories never updated the class. This desk will not either — until a PRA bank appears on the footer.

Monese lists EMI. Monese Ltd authorised as e-money. Accounts issued with PrePay Solutions (Edenred), FCA + NBB under FCA / NBB (via PPS) in United Kingdom / Belgium. On safeguarding we currently write: Not FSCS. Monese’s own safety page: accounts are e-money provided by PPS, safeguarded, not covered by the Financial Services Compensation Scheme.. Holder / issuer line: PrePay Solutions (Edenred) — Monese Ltd is not a bank. An AML programme is claimed. Local bank details (IBAN / sort code / equivalent) are part of the pitch. We list 1 live markets on the product. As we score the sticker: monthly Simple / Plus / Premium plans — confirm live; FX Plan-gated; ATM Plan-gated then 2%. This desk would open it for: People who need a UK/EU account without a local credit file and already keep salary at a bank.

What it does well: Honest: not FSCS, PPS named; Onboarding without a UK credit history was the original job; Mastercard + Apple Pay. What to watch: Not a bank; Not FSCS; Plan fees for the useful bits. Desk score 6.7 / 10 (safety 5.6, fees 6.4, features 7.4, app 7.6). Last verified 2026-08-30. Headquartered in London, United Kingdom; founded 2015. None of this is advice — it is a file so you can read the entity before the card colour.