Monese is a British company that offers current accounts and money transfer services as an alternative to traditional banks. The mobile-only service provides accounts in Pounds sterling, Euros and Romanian leu, and is available in 31 countries across the European Economic Area.
Headquartered in London, Monese is a financial services company which has provided smartphone banking solutions since 2015.
It offers digital-only current accounts, all managed through a smartphone app. You can open an account whether or not you have a good credit history, regular income or even a UK address.
When you sign up for an account with Monese, you’ll get many of the same services you’d get with a traditional bank account. For example, you can spend using a linked debit card, make payments and set up direct debits.
But unlike using a bank, Monese aims to make it easy, streamlined and simple to manage your money on the move. There are no physical branches, but the app should give you everything you need to manage everyday payments.
It’s quick and easy to open a new account with Monese. The only requirement is that you should be a resident of an EEA country. To get started, you’ll simply need to download the app and provide:²
There’s no credit check or proof of address needed.
At present, Monese is available in 31 countries across Europe³. You can open an account in the UK, then another in Europe if you’re travelling or decide to move to another EEA country. Then, you can simply switch between accounts in the app when you need to.
Monese may be super simple to get to grips with, but it also offers an impressive list of features. Let’s take a look at some of the best bits about banking with Monese:
When you open an instant account with Monese, you can also order a contactless Mastercard debit card. You can use this for one-tap spending here in the UK, as well as abroad. Your card is also handy for online transactions and for ATM withdrawals anywhere in the world.
There are no hidden fees and depending on the Monese price plan you choose, some card payments and ATM withdrawals are free up to a certain limit.
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Open a mobile money account today with Monese. Get your Monese account to start spending, sending and saving in minutes.