Monzo vs Remit2India - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Monzo and Remit2India have emerged as leading choices. Both Monzo and Remit2India online platforms offer efficient and cost-effective and secure international money transfers from Monzo and Remit2India.

We compare Monzo vs Remit2India into the unique features and benefits that distinguish Monzo vs Remit2India, empowering you to make an informed decision based on your specific transfer needs like Monzo vs Remit2India fees, currencies available, available payment methods on Monzo compared to Remit2India, support options offered by Monzo vs Remit2India, speed and more.

Monzo vs Remit2India: 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 Remit2India Visit Remit2India

    Used By: 5000000
    Currencies Available: 5
    Transfer Fees: 0-2.99$
    Payment Methods: direct debits, wire transfers, the email money transfer (EMT) method or the bill payment method
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 25000 AUD/transaction (wire transfer), 100000 INR (instant)
    Year Founded: 2001

Monzo vs Remit2India: Pros and Cons

Monzo vs Remit2India
Advantages

Monzo Advantages Remit2India 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.
  • Remit2India has been in operation for over 23 years.
  • Remit2India operates in numerous international countries.
  • Remit2India provides phone support.
  • Remit2India offers registered customers email support.
  • Remit2India has a Apple iOS app on Apple app store.
  • Remit2India offers a Android Google Play Store mobile app.

Monzo vs Remit2India
Disadvantages

Monzo Disadvantages Remit2India 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.
  • Remit2India has no PayPal option.
  • Remit2India has no Neteller option.
  • Remit2India has no Skrill option.
  • No digital wallets with Remit2India.
  • No Remit2India home delivery.
  • No Remit2India Cash pickups.
  • No Remit2India money order option.
  • No Remit2India Livechat.

Monzo vs Remit2India Fees and Other Costs

Fee type Monzo Fees Remit2India Fees
Transfer Fees none 0-2.99$
Min Transfer none none
Max Transfer 10000 GBP 25000 AUD/transaction (wire transfer), 100000 INR (instant)
Payment Methods bank transfer, phone contact direct debits, wire transfers, the email money transfer (EMT) method or the bill payment method
Currencies GBP USD, CAD, GBP, EUR, AUD

Monzo vs Remit2India 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

Remit2India 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 Remit2India Transfer Speeds

Transfer Speed Monzo Remit2India
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Monzo vs Remit2India Languages

Monzo Supported Languages

Remit2India Supported Languages

Monzo vs Remit2India Verdict - Which is better?

Which is best out of Monzo and Remit2India depends on your needs.

  • Monzo vs Remit2India Transfer Fees: Transferring money with Monzo costs none while Remit2India charges 0-2.99$.
  • Monzo vs Remit2India Supported Currencies: Monzo deals in over 1, where as Remit2India offers transactions in 1.
  • Monzo vs Remit2India Payment Methods: Monzo accepts bank transfer, phone contact, while Remit2India allows transactions via direct debits, wire transfers, the email money transfer (EMT) method or the bill payment method.
  • Monzo vs Remit2India Transfer Limits: Monzo allows transfers between none and 10000 GBP. Remit2India's range is none to 25000 AUD/transaction (wire transfer), 100000 INR (instant).
  • Monzo vs Remit2India Minimum Age for Account Creation: Monzo requires users to be at least 18 years old, where as Remit2India has a minimum age requirement of 18.
  • Contact Number: You can reach Monzo at 00 44 20 3872 0620 and Remit2India at 1800223123.
  • Monzo vs Remit2India Countries of Operation: Monzo operates in over 1 countries but has restrictions in over 1 countries. Remit2India serves 1 countries and restricts operations in 1 countries.
  • Monzo vs Remit2India Client Base: Monzo is used by 5, where as Remit2India serves 5,000,000.
  • Monzo vs Remit2India Year Founded: Monzo was established in 2015 and Remit2India began its operations in 2001.
  • Monzo vs Remit2India Customer Rating: Monzo holds a rating of 3, in contrast, Remit2India has a rating of 3.
  • Monzo vs Remit2India Headquarters: Monzo has its headquarters at London, UK, while Remit2India is based at Mumbai, India.
  • Monzo vs Remit2India Employee Count: Monzo employs 1,551 individuals, where as Remit2India has a team of 100.
  • Monzo vs Remit2India Estimated Annual Turnover: Monzo turnover stands at 80000000, while Remit2India boasts a turnover of .
  • Monzo vs Remit2India Founder: Monzo was founded by Carol Kobuke Nelson, holding the position of CEO. On the other hand, Remit2India was the brainchild of , currently holding the position of .
  • Monzo vs Remit2India Supported Languages: Monzo offers support in over 1 languages. Remit2India communicates in 1.

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Monzo vs Remit2India Alternatives Guides

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Screenshots

Monzo Screenshot

Monzo Screenshot

Remit2India Screenshot

Monzo Screenshot