International account provider
Monese
Multi-currency payment account
A digital money account for supported UK and EU markets. It is not a traditional bank account. Listed for comparison.
At a glance
- Provider type
- Digital money account / EMI
- Legal status
- E-money institution
- Availability
- Regional proposition
- Account model
- E-money account
- Currencies
- Multi-currency capabilities across supported account currencies.
- International transfers
- Card, international transfers and digital account functionality.
- Minimum / eligibility
- Low or no traditional bank balance requirement.
- Protection / safeguarding
- EMI, not a bank. The relevant entity depends on whether the account is a UK or EU account.
Is this actually a bank account?
International money-management products can look similar in an app while being legally very different.
This is not a traditional bank account.
Legal status: E-money institution.
Digital money account. This is not a traditional bank account.
EMI, not a bank. The relevant entity depends on whether the account is a UK or EU account.
Who it may suit
Mobile users in supported UK and EU markets. That describes the published focus. It is not a view on whether this account is suitable for you.
Can you open it where you live?
UK and EU focused service footprint.
Availability: Regional proposition.
Eligibility may depend on residence, nationality, immigration status or local provider entity.
Which entity holds the account?
The provider brand and the legal account entity are not always the same thing.
An EMI, not a bank. The relevant entity depends on the UK or EU account. Confirm with the provider.
Account model
Digital money account. This is not a traditional bank account.
E-money account. E-money institution.
Holding money in different currencies
Being able to send a currency is not always the same as being able to hold a balance in that currency.
Multi-currency capabilities across supported account currencies.
Receiving salary and other payments
Not publicly stated. Confirm with the provider.
Local receiving details: Not publicly stated.
Sending money internationally
Card, international transfers and digital account functionality.
A transfer can involve your provider, a bank in the middle, and the recipient’s bank. The workbook does not publish a live price for those charges.
FX and currency conversion
Not publicly stated as a conversion price. Check the current tariff.
Cards
A card is described.
What does the account actually cost?
The total cost can include a monthly account fee, a minimum-balance fee, transfer fees, FX conversion, intermediary bank fees, card charges, ATM charges and a premium plan.
Check the provider’s current tariff before opening an account.
Low or no traditional bank balance requirement.
Check the provider’s current tariff before opening an account.
What protection applies?
Bank deposit protection and payment or e-money safeguarding are different legal frameworks.
EMI, not a bank. The relevant entity depends on whether the account is a UK or EU account.
The applicable framework depends on the provider entity and jurisdiction. The protection framework depends on the legal entity serving you and where the account is booked.
Will the account still work if you move?
An account may stay as it is, move to another entity, lose some features, stop taking new money, restrict the card, close, or need a new local account. Eligibility can change with residence.
UK and EU focused. Confirm what happens if you move outside that footprint.
Questions to ask
Can residents of my country open this account?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Is this a bank account or payment account?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Which legal entity serves me?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Where is the account legally booked?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Which protection or safeguarding regime applies?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Which currencies can I hold?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Which currencies can I receive?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Can I receive salary or pension payments?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Do I get local account details?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Can I make international transfers?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
What FX margin or conversion fee applies?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Are there monthly fees?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Is there a minimum balance?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
What happens if I move country?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Can I keep the account after changing tax residence?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Are there restrictions for US persons or other nationalities?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Can the account hold large balances?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Are incoming international transfers charged?
Confirm the current answer with Monese. It depends on the legal entity, your residence and the product.
Sources and review
- Monese
- Consumer invite terms. Those terms prohibit commercial promotion. WiT Access does not use this scheme.
- Invite and earn
Information is based on publicly available provider information reviewed by WiT Access. Account eligibility, fees, currencies and product terms can change. Reviewed 6 October 2026.