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Alternatives

Best Monzo alternatives

Monzo scores 8.1. These are live products this desk would open next — each with a full review, not a leftover affiliate tile.

8.1Strong

4.7 user score on Monzo · compare licences below

MonzoStarling BankRevolutWiseChime
Editorial score8.18.18.68.67.1
HQLondonLondonLondonLondonSan Francisco
MonthlyFree Personal free Free Free personal Free
ProtectionFSCS up to £85,000FSCS up to £85,000FSCS up to £85,000 on UK bank balances; EMI safeSafeguarded EMI funds in the UK — not FSCS. LocaFDIC up to $250,000 via The Bancorp Bank, N.A. a
Cardmastercardmastercardvisamastercardvisa
Users11M+4M+50M+16M+22M+

Full alternatives

#1 alternative

Starling Bank

active

The grown-up UK challenger: bank first, app second.

4.7

London · 4M+ · ~$1.1B raised

8.1Strong

If the question is ‘will this still be here in ten years,’ Starling scores at the top of the UK set. Monzo is more fun; Starling is more bank.

Best for: UK individuals and SMEs who want a real bank, not a wallet.

Why it beats Monzo

  • Conservatively run UK bank
  • Excellent business account
  • Fee-free personal FX spend is still a headline feature

Watch-outs

  • UK-only onboarding
  • App is calmer, less playful than Monzo
  • Fewer ‘lifestyle’ extras
Licence
UK bank
Protection
FSCS up to £85,000
Monthly
Personal free · Business from £0–£7+
Full Starling Bank reviewStarling Bank alternativesVisit Starling Bank

#2 alternative

Revolut

active

Global money app that finally became a UK bank.

4.7

London · 50M+ · $1.7B raised · ~$45B val.

8.6Strong

The default comparison set for a reason. Treat the UK bank product and the e-money wallet as different legal objects, then Revolut wins most travel and multi-currency briefs. It is not the quietest home for a salary if you want a full-licence high-street feel — that is still Starling or Monzo in the UK.

Best for: People who live in more than one currency and want one app for spend, FX, and extras.

Why it beats Monzo

  • Best-in-class FX for travellers on paid plans
  • Product depth: bank, broker, crypto, cards, kids
  • UK bank licence closes the old EMI objection for eligible users

Watch-outs

  • Support quality does not match the feature list
  • Weekend FX and fair-usage ATM rules catch Standard users
  • Crypto and stock sleeves are not the bank
Licence
UK bank (eligible customers)
Protection
FSCS up to £85,000 on UK bank balances; EMI safeguarding on e-money wallets
Monthly
Free · Plus/Premium/Metal/Ultra paid
Full Revolut reviewRevolut alternativesVisit Revolut

#3 alternative

Wise

active

The mid-market FX rail everyone else is measured against.

4.7

London · 16M+ · Public (WISE)

8.6Strong

The control for cross-border. Pair with a licensed local bank for salary protection. Never describe Wise personal as a UK bank account.

Best for: Anyone who receives or sends money across borders for a living.

Why it beats Monzo

  • Honest FX — the number others hide
  • Local details that make you look domestic
  • Business platform that scales past the card

Watch-outs

  • Not a bank in the UK — no FSCS on the EMI wallet
  • Account reviews can freeze funds mid-invoice
  • ATM and spend caps on the free plan
Licence
EMI (personal)
Protection
Safeguarded EMI funds in the UK — not FSCS. Local bank details may sit at partner banks.
Monthly
Free personal · Wise Business subscription optional
Full Wise reviewWise alternativesVisit Wise

#4 alternative

Chime

active

US spend account with early paycheck and no monthly fee.

4.7

San Francisco · 22M+ · $2.3B raised

7.1Solid

Correct product for a US paycheck, wrong product if you need a chartered bank or to wire overseas. Always name Bancorp/Stride when someone asks ‘is Chime FDIC insured.’

Best for: US hourly and salaried workers who want early direct deposit and no monthly fee.

Why it beats Monzo

  • Genuinely free everyday account
  • Get Paid Early is the feature people actually use
  • Huge in-network ATM footprint

Watch-outs

  • Chime is not a bank — read the partner line
  • Trustpilot is ugly; account locks dominate the 1-star pile
  • Not for international lives
Licence
Partner-bank fintech
Protection
FDIC up to $250,000 via The Bancorp Bank, N.A. and Stride Bank, N.A.
Monthly
Free
Full Chime reviewChime alternativesVisit Chime

#5 alternative

Kestrl

active

UK app for Muslim money habits. Not a bank.

4.6

London · Tens of thousands · Seed / grant-era

6.7Mixed

Kestrl is a habit layer. Keep a Monzo/Starling/high-street account for the actual deposit. Halal branding does not move FSCS.

Best for: UK Muslims who want a money app that speaks their constraints, with a real bank still underneath.

Why it beats Monzo

  • Category honesty
  • Habits UX
  • Family angle

Watch-outs

  • Not a licensed bank
  • Partner-rail complexity
  • UK-first
Licence
App + partner EMI/bank rails
Protection
If a spending account exists, it is partner-EMI or bank — not Kestrl-as-bank
Monthly
Freemium / subscription SKUs — confirm live
Full Kestrl reviewKestrl alternativesVisit Kestrl

#6 alternative

Found

active

US banking for the self-employed: taxes, invoices, and a debit card.

4.8

San Francisco · Self-employed base · Series-era (Allianz x others)

7.3Solid

Found is the freelancer current account. Novo is generic SMB. Relay is multi-entity ops.

Best for: US freelancers who hate QuickBooks more than they hate banks.

Why it beats Monzo

  • Tax set-asides
  • App craft
  • Free core

Watch-outs

  • Not a bank
  • Not for headcount
  • US only
Licence
Fintech with partner banks
Protection
FDIC via Piermont Bank and partners
Monthly
Free core
Full Found reviewFound alternativesVisit Found

Questions

Why look beyond Monzo?+

Monzo is scored 8.1. Weaknesses on this desk: UK-centric; FX depth; Paid-plan creep. Alternatives above are scored independently, not paid placements.

Are these Monzo alternatives available in the same countries?+

Coverage is per product. Open the country desk and the individual review — a UK bank licence does not travel, and an EMI is not FSCS.

How do I compare them side by side?+

Use Compare on any card, up to four products, then open the compare desk.

Back to the Monzo review