Ukraine
activeFeaturedNeobankBusiness banking
- HQ
- London
- Fee
- Free personal
monobank
Universal Bank digital brand. NBU. FGVFO. Not a separate charter. Not Mono from the UK.
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7.5Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Digital product of Universal Bank (PRAT). Not a separate NBU bank (National Bank of Ukraine). Still read the entity on the statement.
If it fails?
Deposit Guarantee Fund (FGVFO) on eligible deposits at Universal Bank. Wartime rules and caps are restated by law — confirm the live FGVFO ceiling. Shared with other Universal Bank deposits.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
€0-like pitch on core — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
7.5
/10 · Solid
monobank is Universal Bank’s product. National Bank of Ukraine. FGVFO on eligible Universal Bank deposits — wartime caps are restated by law, so read FGVFO, not a 2021 blog. Directories list ‘Monobank JSC’ as its own bank. It is not. Fintech Band built the app. Universal Bank holds the deposit. Monzo is a UK PRA bank. Different country, different object, similar letters.
What it is
Kyiv, 2017. Black app, white card, iron puns. Directories smash it into Monzo and into LeoBank’s lion. Universal Bank is the file. This desk writes the parent.
Best for: Ukraine residents who want Universal Bank in a black app.
Last checked 2026-08-30. Not advice.
What it does well
- +Named NBU bank behind the brand
- +FGVFO follows Universal Bank
- +Best-in-class local app ratings
- +Not a wallet pretending to be a bank
What to watch
- −Ukraine-resident
- −Wartime FGVFO rules must be read live
- −Shared cap with Universal Bank
- −Name collision with UK Mono / Monzo
Who holds the money
The account
- Partner bank
- Universal Bank
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- monobank lists a physical card and a virtual card and a metal card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Deposit Guarantee Fund (FGVFO) on eligible deposits at Universal Bank. Wartime rules and caps are restated by law — confirm the live FGVFO ceiling. Shared with other Universal Bank deposits.
Who holds the money: Universal Bank (PRAT)
- National Bank of UkraineDigital product of Universal Bank (PRAT). Not a separate NBU bank · Ukraine
Fees
- Monthly
- €0-like pitch on core — confirm live
- FX markup
- Bank / card tariff
- ATM
- Network schedule
- Interest
- Iron / savings SKUs — rates move
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- ✓Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- UAH digital current
- FGVFO via Universal Bank
- Metal / credit SKUs
- NBU parent bank
- Not UK Mono
Score
- Safety25%
- 7.6
- Fees20%
- 8.2
- Features15%
- 8.4
- App15%
- 9.2
- Global15%
- 4.0
- Support10%
- 7.4
Change log
Full logLicence
Universal Bank product — NBU / FGVFO
Not a separate charter. Wartime FGVFO rules must be read live. Not Monzo.
Available in
Straight answers
FAQ
01Is monobank a bank?
monobank holds a banking-style licence (National Bank of Ukraine). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Deposit Guarantee Fund (FGVFO) on eligible deposits at Universal Bank. Wartime rules and caps are restated by law — confirm the live FGVFO ceiling. Shared with other Universal Bank deposits.
03Where is monobank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with monobank.
04Card and wallets?
monobank lists a physical card and a virtual card and a metal card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open monobank remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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