Monese Simple vs Revolut Standard

Bank accounts without monthly fees from UK's top neobanks

Ian McKenzie

Review by Ian McKenzie 

Head of Fintech Research

Contact author

Published: 06.12.22  

Updated: 06.04.23

Published: 06.12.22

Updated: 06.04.23

Choosing between Monese Simple and Revolut Standard? 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. At the end of the article, we provide bullet points of key pros and cons of both options and our verdict.

Comparing Revolut "Standard" with Monese's "Simple" bank account is not easy. These plans are fairly similar: they come at monthly cost and both financial institutions behind these accounts come from the UK. Both banks created an excellent entry-level experience that will - by design - leave you wanting more. However, this should not discourage you - there is plenty both of these offer. As a bonus, Revolut & Monese bank cards are both powerful, accepted worldwide, grant you access to multi-currency and... they look great as well! Although, we must mention that Revolut also offers great metal bank cards - obviously, not on a free plan.

So what makes these two different and what should your choice drivers be here? Let's dive into the differences.

Quickly jump to:
Monese Simple Star icon Revolut Standard
Comparison Table Star icon Pros & Cons Star icon Our Verdict
Monese Simple vs Revolut Standard free bank account comparison.

Monese Simple

  • Free plan available✔️
  • Joint accounts✔️
  • Business accounts✔️
  • Total users2'000'000+
  • Official
Simple is Monese's no-hassle, feature-rich entry plan. You can open an account easily from your mobile device and get a digital account for your everyday banking needs. A free debit Mastercard is included, along with Apple or Google Pay, budget insights as well as multi-currency accounts in GBP, EUR and RON. You can easily transfer money abroad in 15 currencies including USD, AUD, PLN and more.

Revolut Standard

  • Free plan available✔️
  • Joint accounts✔️
  • Business accounts✔️
  • Sign-up bonus-20% paying annually
  • Official
The entry-level plan from international mobile bank Revolut provides with all the essentials for those who can benefit from accessing multi-currencies. Includes solid budgeting and payment capabilities as well as access to more advanced financial features such as stock and crypto trading.

Bank Accounts for Individuals

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.

Banking for individuals on mobile.

Comparison table

There are quite a few considerations to keep in mind when choosing, so make sure to identify what deal-breakers there are for you personally. In order to assist you in this assessment, we provide a side-by-side breakdown of features and fees between Monese Simple and Revolut Standard in a comparison table below.

Monese logo
Revolut logo
Price, per month £ 0.00 € 0.00
CommitmentCancel monthly
Sign-up bonus - -20% paying annually
Official website
Sub-accounts included11
Shared accounts
Child accounts ✔️
Mobile Payments
Apple Pay✔️✔️
Google Pay✔️✔️
Samsung Pay
Others- Garmin Pay, Fitbit Pay
Cards available Mastercard Mastercard
Cards included 1 1
Debit cards✔️✔️
Credit cards
Virtual cards✔️✔️
Extra card fee - -
Replacement fee £ 4.95 € 10.00
Free replacements- 1 per year
Metal card
Wooden cards
Payment Methods
Various Fees
SWIFT (receive) N/A € 2.00
Foreign exchange fee 2.00% 1.00%
Currency fee-free limit - up to € 1000 per month
ATM Withdrawals
Daily limit £ 500 € 3000
Free withdrawals, per month - 5 times
After that, per withdrawal £ 1.50 + 2.0% 2.0%
Withdrawal fee abroad 2.0% 2.0%
Interest Rate
Current accounts 0.0% 0.0%
Savings accounts 0.0%
Transaction & Deposit Limits
Deposit limit £ 50,000-
Deposit Protection Up to £85'000 Up to £85'000
Monthly spend limit--
Other financial products
Investments in-app ✔️
Crypto trading ✔️
Cashback 10% cashback on hotels
Insurance Accident, medical
Lounge access
Transaction categorization ✔️ ✔️
Purchase protection UK only
Round-up savings ✔️ ✔️
Budgeting features ✔️ ✔️
Deals & Discounts ✔️ ✔️
Other benefits Credit builder Powerful analytics
Learn more

Revolut & 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 Revolut's propositions.

Monese Simple

Revolut Standard

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Our Verdict: Monese Simple or Revolut Standard?

Ultimately, when deliberating between Revolut and Monese, you shouldn't be looking for the "right" answer. What is definite, though, is that you can open both accounts in less than 10 minutes from the comfort of your home. Even better is the fact that there is absolutely zero investment required for you to open these two bank accounts, or even try the higher-tier ones. How? Well, you get a free "no-strings-attached" trial of a higher-tier plan of both banks if you register using any of the links on this page! After all, there is no better way of knowing for sure than trying them out yourself.

Choose Monese Simple if...

Plus sign

You value simplicity and quality of features over quantity

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You live in the UK and almost exclusively pay in GBP, EUR or RON

Plus sign

You want to build up a credit history without taking out loans

Pick Revolut Standard if...

Plus sign

You travel outside of the EU frequently and/or pay in currency online

Plus sign

You're just exploring and want to go all-in with a premium account afterwards

Plus sign

You're looking to get a joint bank account with your partner

Plus sign

You have a lot of friends using Revolut already

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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