Monzo vs starling opinions Hey folks, I'm looking to get either a starling or Monzo account opened before my next trip abroad (i do a few European trips a year) primarily for the foreign exchange usage. For the time it takes, why not both? Unlike Monzo, Starling pays an interest … Starling. Starling have their marketplace which I really like and monzo have integrated with ifttt which seems really useful. Monzo offers higher rates, but only if you open a separate savings account with one of its partners. Loving Starling right now. Monzo and Starling Bank have overdraft protection, but Revolut doesn’t. Using Starling Bank Abroad. One of the main reasons I applied for an account with Starling Bank is their free foreign ATM withdrawals whilst travelling. Monzos looks v similar but I've no hands on experience with it, just screen shots. As we have seen, there are not very big differences between these 3 challengers. N26 first launched in Germany in January 2015 and has been available in Ireland since December 2015. Both Monzo and Starling do 'soft searches' of your credit report when you apply (unless you're applying for an overdraft – more on this in the Starling Bank and Monzo product-specific boxes below). 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. Nothing else really separates them IMO. I don't know about Monzo though. As it takes a while to pull together, so the latest stats available are for the final quarter of 2019 (between 1 October and 31 December). After this cap Monzo starts charging 3% withdrawal fees, which is quite eye-watering for a budget backpacker. It’s also, since it was acquired by Clydesdale and Yorkshire Bank last year, part of the sixth-biggest banking group in the UK, and balances of up to £85,000 are protected by the Financial Services Compensation Scheme. You can get 0.5% AER on balances up to £2,000 or 0.25% on balances over £2,000 and up to £85,000. Try both of them and use the one you prefer. Found out today I can't get starling as I closed my previous to recently. Other than that it's 50p a day. 0.5% interest on first £2k is decent for a current account. One for transport costs, one for eating out, one for tickets and tourist attractions. I don't want my bank communicating things to me in emojis, which Monzo do constantly. I prefer the Monzo app so that’s my main bank. 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 thought the £200 limit would be an issue but truth be told, I almost never pay for stuff with cash anymore even abroad... Ah I missed the <2000 rate, that's good. I was accepted on Starling a lot quicker (this was back when Monzo had a queue to join). Cash withdrawals abroad: Starling don't charge fees on any amount (and you can withdraw £300/day). Starling and Monzo interest rates. I opened Starling and Monzo at the same time. Best business bank accounts for non-UK residentsadamfayed - 28 November Pretty much all my friends/people I know have Monzo, makes everything so convenient. By using our Services or clicking I agree, you agree to our use of cookies. I've had some amazing experiences. However £200 might be enough. +1 for Starling. Monzo vs Starling Bank. I was using Monzo for my 'spending' account until December when I started using Starling, I prefer their app and the round up and pots are nice features to 'forget' about money. Revolut Business vs Monzo business vs Starling Bank business. The main thing for me is the budgeting and money management side of things, it’s amazing. 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. Keeping the money out of sight but within reach could help you save. The first thing you’re likely to notice about Starling is the beautiful branding, interface, and UX design. I have a starling account for holidays. Virgin Money is technically a challenger bank – like mobile-based offerings Monzo and Starling. They dealt with it promptly. Monzo only allow £200 of fee-free cash withdrawals per month, which means it's a slightly inferior card for travel IMO. You message them with an issue, they get straight back - including an occasion when some wrong’un cloned my card. This data is provided by Pay UK, the retail payments authority. I'm looking to get either a starling or Monzo account opened before my next trip abroad (i do a few European trips a year) primarily for the foreign exchange usage. 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