Revolut vs Monzo
On cashback Revolut wins (up to 1%). In our editorial rating Revolut leads (4.8 vs 4.1). Neither wins across the board: weigh the points above against your use case before choosing between Revolut and Monzo.
| Revolut | Monzo | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.8 | ★ 4.1 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | dedicato · LT · LT, GB, IE | dedicato · GB |
| Deposit guarantee | EU guarantee €100,000 | — |
| Multi-currency | Yes · 36 currencies | No (single currency) |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | Yes | Yes |
| SEPA direct debit (SDD) | Yes | Yes |
| On-chain crypto withdrawal | Yes | — |
| SEPA transfer | Free | — |
| Card included | Carta virtuale e fisica inclusa | — |
| Interest on balance | 1.21% | — |
| Network | Visa/Mastercard | — |
| ATM withdrawal | 2% | not declared |
| Free ATM limit | €200–2,000/month free (plan-based), then 2% | — |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA, UK, US, APAC, LATAM · 180+ countries | UK · 1+ countries |
| Stocks | Real — you own the security | — |
| Fractional shares | Yes | — |
| ETF | Yes | — |
| Stock and ETF commission | 0.25% of the order (0.12% on Ultra), €1 minimum, once the plan's free trades are used (1 Standard, 3 Plus, 5 Premium, 10 Metal and Ultra); no custody fee, 35 USD per position to transfer holdings to another broker | — |
| Securities custody | Revolut Securities Europe UAB (registered holder); assets in an omnibus account with a third-party provider | — |
| Italian withholding agent | No — you self-declare | — |
| Regulator | Bank of Lithuania, FCA | PRA, FCA, Central Bank of Ireland / ECB |
| OAM Italy registration | Yes | No |
| Segment | B2C | B2C |
| Regions | EU/EEA, UK, US, APAC, LATAM | UK |
| Licences & safety | Licenza bancaria EU, EMI (UK), FCA | Full Banking License (UK, PRA/FCA), EU banking licence (Central Bank of Ireland / ECB, 2025) |
Frequently asked questions
Revolut vs Monzo: which is better?
On cashback Revolut wins (up to 1%). In our editorial rating Revolut leads (4.8 vs 4.1). Neither wins across the board: weigh the points above against your use case before choosing between Revolut and Monzo.
Which is cheaper, Revolut or Monzo?
On the standard spending profile Revolut has the lowest net annual cost: €0 versus €0 for Monzo.
Which offers more cashback, Revolut or Monzo?
Revolut has the highest cashback: up to 1%. Note the top rate often requires token staking and is subject to spending caps.
Is Revolut custodial or self-custody?
Revolut is custodial: funds are held by the platform, while Monzo is custodial.