Monzo has more than 2.2 million customers, and it’s now planning to expand into the US in the coming weeks. Cookies help us deliver our Services. Best business bank accounts for non-UK residentsadamfayed - 28 November And 0.5% in credit interest on some balance I think, New comments cannot be posted and votes cannot be cast, More posts from the UKPersonalFinance community, Discuss, learn and request help on how to obtain, budget, protect, save and invest your money in the UK, Press J to jump to the feed. Yeah agreed, especially useful for things like NatWest's £150 switching offer! Slightly better interface and customer service (IMO). Could you tell me some of the most useful features of their app? The main thing for me is the budgeting and money management side of things, it’s amazing. If both Starling & Monzo allow free card usage abroad (for now) but Monzo will only allow £200 as a free withdrawal then that won't really work for a family of 5. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. I was accepted on Starling a lot quicker (this was back when Monzo had a queue to join). And a much more minor, personal plus, is that Starling seem far more professional. Our Financial Services Register number is 730427. The Monzo Community forum is where Monzo users come to help build the bank of the future, and get the most out of the Monzo current account. I have advised my friends to go for Monzo. But if you ever go on holidays, starling is superior becuase you get to withdraw, £ 300 equivalent of cash every day, while Monzo limits you to £200 per month! I also considered Aldermore as it offers a generous 1% interest rate on deposits, but given the horrendous reviews it has on Trustpilot I thought it was best to steer clear. 09446231). I do also like the spending tracking/breakdown but have an amex everyday cashback card so it makes me more to use that for everything I can which unfortunately negates the benefits of the tracking benefits. So I used both of them, just found the Monzo app a lot cleaner and more useful for myself. Monzo and Starling Bank have overdraft protection, but Revolut doesn’t. That was one of those face palm moments for me! I agree with this. One of the main reasons I applied for an account with Starling Bank is their free foreign ATM withdrawals whilst travelling. I hope that they can sustain it! Have I revered right for tandem that it'd have to basically be DD on a set date? Monzo, the U.K. challenger bank, is officially launching business bank accounts today, after an extensive trial period over the last 12 months that saw … Unfortunately, with my other online accounts (Revolut & Monzo) there is a £200 withdrawal limit per month and going over this will incur a 2% (Revolut) and 3% (Monzo) withdrawal fee. I have a starling account for holidays. My wife and I use startling as we go abroad a fair bit. Monzo offers higher rates, but only if you open a separate savings account with one of its partners. Each of them allows you to check daily / weekly / monthly and to identify any excess costs. Reassuring. One for transport costs, one for eating out, one for tickets and tourist attractions. +1 for Starling. Monzo vs Monese at a glance. No fees on overseas withdrawals. Starling already has business accounts but Monzo catches up soon. The first thing you’re likely to notice about Starling is the beautiful branding, interface, and UX design. Anyway I'd get both of these and just use both until you decide a favourite, or just keep using both. Metro Bank has a physical branch network while Revolut, Starling and Tide are online-only. I have used both as my main current account, and prefer Monzo. Starling is definitely a good option for foreign cash withdrawals. Here are the bare statistics to kick off our comparison of these two services: Monzo Monese; Set up fees: Free: £4.95 for debit card: Time to get a debit card: 09446231). Starling has a reasonably cheap overdraft APR while Monzo charges a fixed cost of going below the line which can be expensive for small and long overdrafts. N26 now has more than 5 million customers across Europe and the USA, with almost 200,000 in Ireland. Monzo don't charge if you balance is back above £0 again by the following midnight and offer a £20 'buffer' overdraft for free as standard though. To balances of £85,000 in designated 'savings pots ' ) use startling as we have seen there. 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