N26 vs Monzo.
N26 (N85/100) and Monzo (M78/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. N26 leads Monzo 6-1.
| M Monzo №08 · Central Bank of Ireland 78 /100 | N N26 №03 · BaFin 85 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 85 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | €200 /mo | — |
| Protection | ||
| Banking licence Tier | Full bank Central Bank of Ireland | Full bank BaFin |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | €100,000 EU.DGS.DE |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 24 countries |
| Crypto Coins available | No | 400 coins |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | — | 4.1 ★ 130k reviews |
| App store iOS + Android avg | — | 4.6 ★ iOS 4.8 · And 4.4 |
| Read review → | Read review → | |
Pick Monzo if…
Pick if you bank in the UK or Ireland and value the best budgeting tools in the category.
Pick N26 if…
Pick if you want a German credit institution and a DE IBAN that every European employer recognises without question.
- Best for fees Monzo won 1 of 4
- Best for protection Tied
- Best for reach N26 won 3 of 3
- Best for ux N26 won 2 of 2
N26 vs Monzo — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than N26?
Under our v3 methodology, N26 leads Monzo 6–1 across 12 dimensions. Composite scores: Monzo 78/100 vs N26 85/100. N26 is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Monzo or N26 cheaper?
Monthly fee — Monzo: €0; N26: €0. Card FX markup — Monzo: Interbank; N26: Interbank. Monzo wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Monzo or N26?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. N26 holds a Full bank licence under BaFin; deposit guarantee per depositor: €100,000. Both score equally on regulatory protection rows.
Where can I use Monzo and N26?
Monzo operates in 2 countries; N26 operates in 24 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.