Monese Classic vs bunq Easy Bank Pro
Comparing the most popular plans from two top digital banks
Review by
Head of Fintech Research
Published: 28.12.22
Updated: 08.06.24
Published: 28.12.22
Updated: 08.06.24
Deciding between Monese Classic and bunq Easy Bank Pro? The comparison below contains the results of our experts' investigation into these two plans, their benefits and terms. Firstly, we will provide a quick summary and key information about the two banks, after which you can explore our comparison table listing all the key information on fees and products available for both of the options. A brief summary along with a list of pros and cons and our verdict can be found at the end of this page.
Digital banking has become increasingly popular in recent years, offering a convenient and modern alternative to traditional banks. Monese and bunq are two well-known digital banks that offer a range of bank accounts suited for any audiences - businesses, individuals and even joint bank accounts. In this article, we will compare the Monese Simple account and the bunq Easy Bank Pro account to help you decide which one is the perfect fit for you.
In this article, we will look at the fees, features, and benefits offered by each account and provide a summary of the pros and cons of each option. Whether you are a seasoned digital banking user or new to the world of online banking, this comparison will provide you with all the information you need to make an informed decision.
Monese Classic
Monese
Monese offers excellent currency exchange rates, an easy way to transfer money abroad in over 30 countries along with a great mobile app. Aimed at "digital nomads" from all over the EU, neobank offers customer support in 14 languages.
2'000'000+
London, UK
General Information
- Deposit ProtectionUp to £85'000
- Customer Support15 languages
- CurrenciesGBP, EUR, RON
Bank Accounts
- Individuals Free plan available
- Businesses Starting at €9.95
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
bunq Easy Bank Pro
bunq
Dutch online bank that gives you the freedom to bank like a local all over Europe. The bank's mobile apps are packed with exciting and unique features, and the fully fledged banking license bunq has ensures your money are 100% safe at all times.
5'400'000+
Amsterdam, NL
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportChat, email
- CurrenciesEUR, USD, GBP + 12
Bank Accounts
- Individuals Free plan available
- Businesses Starting at €7.99
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
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Read our detailed reviews of personal bank accounts available at some of the world's most popular online banks, compare the plans they offer, explore their pricing and discover all the hidden fees.
Comparison table
It is important to keep your specific use cases in mind and identify the key characteristics you care about. In order to assist you in this assessment, we provide a side-by-side breakdown of features and fees between Monese Classic and bunq Easy Bank Pro in a comparison table below.
Classic |  Easy Bank Pro | |
|---|---|---|
| Price, per month | £ 5.95 | € 9.99 |
| Commitment | Cancel monthly | Cancel monthly |
| Sign-up bonus | - | 30 days free |
| Official website | monese.com | bunq.com |
| Accounts | ||
| IBANs | BE, GB | NL, DE, FR, ES, IE |
| Sub-accounts included | 1 | 25 |
| Shared accounts | Free joint account | Up to 10 people |
| Child accounts | ❌ | ✔️ |
| Mobile Payments | ||
| Apple Pay | ✔️ | ✔️ |
| Google Pay | ✔️ | ✔️ |
| Samsung Pay | ❌ | ❌ |
| Cards | ||
| Cards available | Mastercard | Mastercard |
| Cards included | 1 | 3 |
| Maestro/VPay | ❌ | ✔️ |
| Debit cards | ✔️ | ✔️ |
| Credit cards | ❌ | ✔️ |
| Virtual cards | ✔️ | ✔️ |
| Extra card fee | - | € 3.49 p/m |
| Replacement fee | £ 4.95 | € 9.99 |
| Free replacements | - | 1 per year |
| Metal card | ❌ | ❌ |
| Wooden cards | ❌ | ❌ |
| Payment Methods | ||
| iDeal | ❌ | ✔️ |
| SOFORT | ✔️ | ✔️ |
| Bancontact | ❌ | ✔️ |
| Various Fees | ||
| SWIFT (receive) | N/A | € 5.00 |
| Foreign exchange fee | 2.00% | - |
| Currency fee-free limit | - | - |
| ATM Withdrawals | ||
| Daily limit | £ 500 | € 1000 |
| Free withdrawals, per month | - | 6 times |
| After that, per withdrawal | 2.0% | € 0.99 |
| Withdrawal fee abroad | 2.0% | € 1.99 |
| Interest Rate | ||
| Current accounts | 0.0% | ❌ |
| Savings accounts | ❌ | None% |
| Transaction & Deposit Limits | ||
| Deposit limit | £ 50,000 | - |
| Deposit Protection | Up to £85'000 | Up to €100'000 |
| Monthly spend limit | - | - |
| Other financial products | ||
| Overdraft | ❌ | ❌ |
| Investments in-app | ❌ | ✔️ |
| Crypto trading | ❌ | ❌ |
| Cheques | ❌ | ❌ |
| Cashback | ❌ | 1% on restaurants & bars |
| Insurance | Accident, medical | ❌ |
| Lounge access | ❌ | ❌ |
| Transaction categorization | ✔️ | ✔️ |
| Purchase protection | UK only | ❌ |
| Round-up savings | ✔️ | ✔️ |
| Budgeting features | ✔️ | ✔️ |
| Deals & Discounts | ✔️ | ✔️ |
| Other benefits | Free foreign spending | Auto-Save & Easy Invest |
| Learn more | monese.com | bunq.com |
bunq & Monese: Pros & Cons
The detailed breakdown of dozens of terms and complex fee structures can get overwhelming - to avoid that, here are some of the key benefits and disadvantages of both Monese and bunq's propositions.
Monese Classic
Fee-free amount of cash withdrawals, deposits are available in the Classic plan at low monthly fee.- You can benefit from hassle-free free card payments in foreign currency.
- Low fee when making bank transfers in available foreign currencies, starting at only 0.5%.
Not properly localised for EEA countries just yet. For example, you cannot make iDeal payments which is essential for residents in Netherlands.- You don't get additional banking feature comparing to the free-tier Simple plan.
- Monese is not technically a bank. While security measures are in place, it comes with some limitations in terms of financial products they can offer in the future.
bunq Easy Bank Pro
- Works wherever you go: local IBANs in 4 European countries and an array of currencies available for Easy Money users.
- Up to 25 sub-accounts, each with an individual IBAN and automated payment categorization make budgeting very easy.
- Joint accounts for saving and spending with up to 10 people included for free.
- Low ATM limits - you can only withdraw €1000 a day, and that limit can not be changed.
- No purchase protection, flight cancellation nor travel insurance.
- Slightly confusing app UI - takes a while to get used to how certain actions are performed.
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Our Verdict: Monese Classic or bunq Easy Bank Pro?
In conclusion, Monese and bunq are both reputable digital banks that offer a range of financial products, including bank accounts. Both the Monese Simple account and the bunq Easy Bank Pro account offer a range of features and benefits, such as virtual and physical cards, low fees, and convenient mobile banking apps. It's no wonder both of these banks were featured in our experts' selection of the best digital bank accounts of 2024.
However, there are some key differences between the two accounts - we went over these in this article. Ultimately, the right bank account for you will depend on your individual financial needs and priorities. It is important to carefully consider the fees, features, and benefits offered by each bank before making a decision. And it makes sense to also consider other outstanding neobanks reviewed on our website - don't restrict yourself!
Choose Monese Classic if...
You live in the UK or have relatives in Romania
You're looking for a simple, yet powerful bank account
You want to work on your credit history
Monese website
Pick bunq Easy Bank Pro if...
You want your bank to offer exciting and truly unique features
You live in the Netherlands or Belgium
You want to build an investment portfolio easily accessible from your banking app
If you found any of these plans to be a good fit for your specific banking needs, you will find links to their official websites or apps below. By signing up via links on our website, you support us in our mission of making finance easy and accessible to everyone.
⚠️ Please note that the information on pricing, contract terms and availability of products in certain markets is subject to change and can differ from what is stated above. We aim to keep this comparison as accurate and up-to-date as possible, but we advise you to treat the information provided above as indicative and always check banks' official websites for actual terms before signing up. ⚠️
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