DBS Remit vs Monzo - Who is better? [UPDATED 2024]

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

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

DBS Remit vs Monzo: Quick Feature Comparison

  1. Visit DBS Remit alternative DBS Remit Visit DBS Remit

    Used By: 2400000
    Currencies Available: 7
    Transfer Fees: S$35
    Payment Methods: Bank deposit
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: S$500
    Max Transfer: S$200,000
    Year Founded: 1968

  2. Visit DBS Remit 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

DBS Remit vs Monzo: Pros and Cons

DBS Remit vs Monzo
Advantages

DBS Remit Advantages Monzo Advantages
  • DBS Remit has been serving clients for over 56 years
  • DBS Remit is available internationally.
  • DBS Remit has multiple currency options.
  • DBS Remit is available to iOS Apple device users.
  • DBS Remit 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.

DBS Remit vs Monzo
Disadvantages

DBS Remit Disadvantages Monzo Disadvantages
  • DBS Remit has no PayPal support.
  • DBS Remit has no Neteller payments support.
  • DBS Remit has no Skrill payment support.
  • DBS Remit does have a mobile digital wallet like some others.
  • No home delivery with DBS Remit.
  • No cash pickups with DBS Remit.
  • No money order support with DBS Remit.
  • No live chat support with DBS Remit.
  • DBS Remit has no telephone support.
  • DBS Remit email support is limited.
  • 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.

DBS Remit vs Monzo Fees and Other Costs

Fee type DBS Remit Fees Monzo Fees
Transfer Fees S$35 none
Min Transfer S$500 none
Max Transfer S$200,000 10000 GBP
Payment Methods Bank deposit bank transfer, phone contact
Currencies USD, GBP, AUD, EUR, SGD, CAD, HKD GBP

DBS Remit vs Monzo Restricted Countries

DBS Remit 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

DBS Remit vs Monzo Transfer Speeds

Transfer Speed DBS Remit Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

DBS Remit vs Monzo Languages

DBS Remit Supported Languages

English

Monzo Supported Languages

DBS Remit vs Monzo Verdict - Which is better?

Which is best out of DBS Remit and Monzo depends on your needs.

  • DBS Remit vs Monzo Transfer Fees: Transferring money with DBS Remit costs S$35 while Monzo charges none.
  • DBS Remit vs Monzo Supported Currencies: DBS Remit deals in over 1, where as Monzo offers transactions in 1.
  • DBS Remit vs Monzo Payment Methods: DBS Remit accepts Bank deposit, while Monzo allows transactions via bank transfer, phone contact.
  • DBS Remit vs Monzo Transfer Limits: DBS Remit allows transfers between S$500 and S$200,000. Monzo's range is none to 10000 GBP.
  • DBS Remit vs Monzo Minimum Age for Account Creation: DBS Remit requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach DBS Remit at and Monzo at 00 44 20 3872 0620.
  • DBS Remit vs Monzo Countries of Operation: DBS Remit operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • DBS Remit vs Monzo Client Base: DBS Remit is used by 2,400,000, where as Monzo serves 5.
  • DBS Remit vs Monzo Year Founded: DBS Remit was established in 1968 and Monzo began its operations in 2015.
  • DBS Remit vs Monzo Customer Rating: DBS Remit holds a rating of 3, in contrast, Monzo has a rating of 3.
  • DBS Remit vs Monzo Headquarters: DBS Remit has its headquarters at Singapore, while Monzo is based at London, UK.
  • DBS Remit vs Monzo Employee Count: DBS Remit employs individuals, where as Monzo has a team of 1,551.
  • DBS Remit vs Monzo Estimated Annual Turnover: DBS Remit turnover stands at 1260000000, while Monzo boasts a turnover of 80000000.
  • DBS Remit vs Monzo Founder: DBS Remit was founded by , holding the position of . On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • DBS Remit vs Monzo Supported Languages: DBS Remit offers support in over 1 languages. Monzo communicates in 1.

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DBS Remit vs Monzo Alternatives Guides

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Screenshots

DBS Remit Screenshot

DBS Remit Screenshot

Monzo Screenshot

DBS Remit Screenshot