Currencies Direct vs Monzo - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Currencies Direct and Monzo have emerged as leading choices. Both Currencies Direct and Monzo online platforms offer efficient and cost-effective and secure international money transfers from Currencies Direct and Monzo.

We compare Currencies Direct vs Monzo into the unique features and benefits that distinguish Currencies Direct vs Monzo, empowering you to make an informed decision based on your specific transfer needs like Currencies Direct vs Monzo fees, currencies available, available payment methods on Currencies Direct compared to Monzo, support options offered by Currencies Direct vs Monzo, speed and more.

Currencies Direct vs Monzo: Quick Feature Comparison

  1. Visit Currencies Direct alternative Currencies Direct Visit Currencies Direct

    Used By: 325,000
    Currencies Available: 22
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 25000 GBP
    Year Founded: 1995

  2. Visit Currencies Direct alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

Currencies Direct vs Monzo: Pros and Cons

Currencies Direct vs Monzo
Advantages

Currencies Direct Advantages Monzo Advantages
  • Currencies Direct has been serving clients for over 29 years
  • Currencies Direct is available internationally.
  • Currencies Direct has multiple currency options.
  • Currencies Direct provides phone customer support.
  • Currencies Direct provides email customer support.
  • Currencies Direct is available to iOS Apple device users.
  • Currencies Direct is available to Android mobile device users.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

Currencies Direct vs Monzo
Disadvantages

Currencies Direct Disadvantages Monzo Disadvantages
  • Currencies Direct has no PayPal support.
  • Currencies Direct has no Neteller payments support.
  • Currencies Direct has no Skrill payment support.
  • Currencies Direct does have a mobile digital wallet like some others.
  • No home delivery with Currencies Direct.
  • No cash pickups with Currencies Direct.
  • No money order support with Currencies Direct.
  • No live chat support with Currencies Direct.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

Currencies Direct vs Monzo Fees and Other Costs

Fee type Currencies Direct Fees Monzo Fees
Transfer Fees none none
Min Transfer none none
Max Transfer 25000 GBP 10000 GBP
Payment Methods Bank transfer, debit card bank transfer, phone contact
Currencies AUD, CAD, DKK, EUR, HUF, INR, JPY, MUR, MAD, NZD, NOK, PLN, RON, SGD, ZAR, SEK, CHF, THB, AED, USD, HKD, RMB GBP

Currencies Direct vs Monzo Restricted Countries

Currencies Direct Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Monzo Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Currencies Direct vs Monzo Transfer Speeds

Transfer Speed Currencies Direct Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Currencies Direct vs Monzo Languages

Currencies Direct Supported Languages

Monzo Supported Languages

Currencies Direct vs Monzo Verdict - Which is better?

Which is best out of Currencies Direct and Monzo depends on your needs.

  • Currencies Direct vs Monzo Transfer Fees: Transferring money with Currencies Direct costs none while Monzo charges none.
  • Currencies Direct vs Monzo Supported Currencies: Currencies Direct deals in over 1, where as Monzo offers transactions in 1.
  • Currencies Direct vs Monzo Payment Methods: Currencies Direct accepts Bank transfer, debit card, while Monzo allows transactions via bank transfer, phone contact.
  • Currencies Direct vs Monzo Transfer Limits: Currencies Direct allows transfers between none and 25000 GBP. Monzo's range is none to 10000 GBP.
  • Currencies Direct vs Monzo Minimum Age for Account Creation: Currencies Direct requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Currencies Direct at 44 (0) 20 7847 9400 and Monzo at 00 44 20 3872 0620.
  • Currencies Direct vs Monzo Countries of Operation: Currencies Direct operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Currencies Direct vs Monzo Client Base: Currencies Direct is used by 325, where as Monzo serves 5.
  • Currencies Direct vs Monzo Year Founded: Currencies Direct was established in 1995 and Monzo began its operations in 2015.
  • Currencies Direct vs Monzo Customer Rating: Currencies Direct holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Currencies Direct vs Monzo Headquarters: Currencies Direct has its headquarters at London (GB), while Monzo is based at London, UK.
  • Currencies Direct vs Monzo Employee Count: Currencies Direct employs 276 individuals, where as Monzo has a team of 1,551.
  • Currencies Direct vs Monzo Estimated Annual Turnover: Currencies Direct turnover stands at 257,000,000 USD , while Monzo boasts a turnover of 80000000.
  • Currencies Direct vs Monzo Founder: Currencies Direct was founded by Leo Markides, holding the position of Chief Operating Officer. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Currencies Direct vs Monzo Supported Languages: Currencies Direct offers support in over 1 languages. Monzo communicates in 1.

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Screenshots

Currencies Direct Screenshot

Currencies Direct Screenshot

Monzo Screenshot

Currencies Direct Screenshot