Monzo vs Rabobank - Who is better? [UPDATED 2024]

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

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

Monzo vs Rabobank: Quick Feature Comparison

  1. Visit Monzo 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

  2. Visit Monzo alternative Rabobank Visit Rabobank

    Used By: 10,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfers, credit card, debit card, iDeal etc
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 100000 aUSD
    Year Founded: 1895

Monzo vs Rabobank: Pros and Cons

Monzo vs Rabobank
Advantages

Monzo Advantages Rabobank Advantages
  • Monzo provides phone customer support.
  • Monzo provides email customer support.
  • Monzo is available to iOS Apple device users.
  • Monzo is available to Android mobile device users.
  • Rabobank has been in operation for over 129 years.
  • Rabobank provides phone support.
  • Rabobank offers registered customers email support.
  • Rabobank has a Apple iOS app on Apple app store.
  • Rabobank offers a Android Google Play Store mobile app.

Monzo vs Rabobank
Disadvantages

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

Monzo vs Rabobank Fees and Other Costs

Fee type Monzo Fees Rabobank Fees
Transfer Fees none none
Min Transfer none none
Max Transfer 10000 GBP 100000 aUSD
Payment Methods bank transfer, phone contact bank transfers, credit card, debit card, iDeal etc
Currencies GBP

Monzo vs Rabobank Restricted Countries

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

Rabobank 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 vs Rabobank Transfer Speeds

Transfer Speed Monzo Rabobank
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Monzo vs Rabobank Languages

Monzo Supported Languages

Rabobank Supported Languages

Monzo vs Rabobank Verdict - Which is better?

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

  • Monzo vs Rabobank Transfer Fees: Transferring money with Monzo costs none while Rabobank charges none.
  • Monzo vs Rabobank Supported Currencies: Monzo deals in over 1, where as Rabobank offers transactions in 1.
  • Monzo vs Rabobank Payment Methods: Monzo accepts bank transfer, phone contact, while Rabobank allows transactions via bank transfers, credit card, debit card, iDeal etc.
  • Monzo vs Rabobank Transfer Limits: Monzo allows transfers between none and 10000 GBP. Rabobank's range is none to 100000 aUSD.
  • Monzo vs Rabobank Minimum Age for Account Creation: Monzo requires users to be at least 18 years old, where as Rabobank has a minimum age requirement of 18.
  • Contact Number: You can reach Monzo at 00 44 20 3872 0620 and Rabobank at +31887226600.
  • Monzo vs Rabobank Countries of Operation: Monzo operates in over 1 countries but has restrictions in over 1 countries. Rabobank serves 1 countries and restricts operations in 1 countries.
  • Monzo vs Rabobank Client Base: Monzo is used by 5, where as Rabobank serves 10.
  • Monzo vs Rabobank Year Founded: Monzo was established in 2015 and Rabobank began its operations in 1895.
  • Monzo vs Rabobank Customer Rating: Monzo holds a rating of 3, in contrast, Rabobank has a rating of 3.
  • Monzo vs Rabobank Headquarters: Monzo has its headquarters at London, UK, while Rabobank is based at Utrecht, Netherlands.
  • Monzo vs Rabobank Employee Count: Monzo employs 1,551 individuals, where as Rabobank has a team of 41,861.
  • Monzo vs Rabobank Estimated Annual Turnover: Monzo turnover stands at 80000000, while Rabobank boasts a turnover of 12,000,000,000 USD.
  • Monzo vs Rabobank Founder: Monzo was founded by Carol Kobuke Nelson, holding the position of CEO. On the other hand, Rabobank was the brainchild of Willem de Feijter, currently holding the position of Directeur Coöperatieve Rabobank.
  • Monzo vs Rabobank Supported Languages: Monzo offers support in over 1 languages. Rabobank communicates in 1.

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Screenshots

Monzo Screenshot

Monzo Screenshot

Rabobank Screenshot

Monzo Screenshot