Monese is a financial services provider launched in the United Kingdom in 2015 by Noris Kopper as the first 100% mobile current account in this country. Kopper found it difficult to receive his salary or to rent an apartment. Because he had no credit history or proof of address in the UK, traditional banks didn’t allow him to open a bank account. This is really common in the UK. And in September 2015, Monese was born. And it is now used by more than one million people.
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Pros: Monese has known success since the beginning especially among immigrants and expats. And in 2016 it received the Best Challenger Bank Award by European Fintech Awards. Plus, the European Commission gave it €1.1 million to use for innovation and research. Don’t think too much. Choose from 31 countries and open an account right now to experience banking without boundaries. Tell your friends how cool and simple it is and you will receive €15 for each friend that signs up and uses Monese. And your friend will receive the same amount of money as a welcome gift. Read, search and choose the FinTech Company that is more suitable for you. If you are one of the people with standard banking needs try Monese because it comes with a feature that I am sure you will love. Monese allows you to load cash on your account at any PayPoints or Post Offices. Furthermore, link your PayPal account with Monese and manage your PayPal balances and transactions in the Monese app. You can buy from or send money to merchants and PayPal’s consumers around the world.
With Monese, you can receive and transfer money easily, you can check your account balance or you can put cash aside to use it wisely with Savings Pots. Add Monese to your phone’s mobile wallet so you can easily make contactless payments through ApplePay and Google Pay. Join now. Be free to choose and change your plan anytime, anywhere. For Simple Account you get no administration fee as well as free contactless debit card, up to €200 free ATM withdrawals as well as up to €2000 free foreign currency card spending. Upgrade to the Classic Account for €4.95/month and you get more: up to €800 ATM withdrawals monthly and up to €8000 foreign currency card spending. Pay €14.95/month for the Premium Account and you get unlimited free transactions. Or maybe you want the Monese Business Account. For only £9.95 per month you will enjoy the features of a UK Business account combined with a Plus personal account. Pay less for more.
Cons: Monese has fees for PayPoint and Post Office deposits. Customers complained that they experienced problems with Customer Service Support which anyway is available only from Monday to Friday, between 8.00-17.00 UK times.