Monese review

Monese is a mobile banking app offering international money transfers alongside a current account, debit card, and multi-currency wallet — popular with expats and migrants in Europe. Founded in 2015 and based in London, UK, Monese is a multi-currency fintech. Monese is authorised and regulated by FCA, which means customer money is safeguarded separately from company funds.

On the fee side, expect from £0 to £2 per transfer, but the bigger cost is usually the exchange-rate markup of 1% - 2% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $10 up to $25,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 1-3 business days, and the service reaches 30+ countries across 15+ currencies. You can fund a transfer by Bank Transfer and Debit Card, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors Monese handles best.

On the plus side: full mobile banking account, easy signup with no uk address needed and multi-currency wallet. That makes it a sensible choice for everyday international transfers. Worth keeping in mind: higher exchange rate markup than specialists and limited to european corridors. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.