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

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

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

Monzo vs Sendwave: 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 Sendwave Visit Sendwave

    Used By: 600,000
    Currencies Available: 8
    Transfer Fees: 1.5%-5%
    Payment Methods: debit card only
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 999 USD/Day, 2999 USD/month
    Year Founded: 2011

Monzo vs Sendwave: Pros and Cons

Monzo vs Sendwave
Advantages

Monzo Advantages Sendwave 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.
  • Sendwave has been in operation for over 13 years.
  • Sendwave offers an extensive range of currency options for money transfers.
  • Sendwave provides phone support.
  • Sendwave offers registered customers email support.
  • Sendwave has a Apple iOS app on Apple app store.
  • Sendwave offers a Android Google Play Store mobile app.

Monzo vs Sendwave
Disadvantages

Monzo Disadvantages Sendwave 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.
  • Sendwave has no PayPal option.
  • Sendwave has no Neteller option.
  • Sendwave has no Skrill option.
  • Sendwave is not available is as many regions as some other providers.
  • No digital wallets with Sendwave.
  • No Sendwave home delivery.
  • No Sendwave Cash pickups.
  • No Sendwave money order option.
  • No Sendwave Livechat.

Monzo vs Sendwave Fees and Other Costs

Fee type Monzo Fees Sendwave Fees
Transfer Fees none 1.5%-5%
Min Transfer none none
Max Transfer 10000 GBP 999 USD/Day, 2999 USD/month
Payment Methods bank transfer, phone contact debit card only
Currencies GBP BDT, GHG, KSH, NGN, CFA, TSH, UGX, XOF

Monzo vs Sendwave 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

Sendwave 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 Sendwave Transfer Speeds

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

Monzo vs Sendwave Languages

Monzo Supported Languages

Sendwave Supported Languages

Monzo vs Sendwave Verdict - Which is better?

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

  • Monzo vs Sendwave Transfer Fees: Transferring money with Monzo costs none while Sendwave charges 1.5%-5%.
  • Monzo vs Sendwave Supported Currencies: Monzo deals in over 1, where as Sendwave offers transactions in 1.
  • Monzo vs Sendwave Payment Methods: Monzo accepts bank transfer, phone contact, while Sendwave allows transactions via debit card only.
  • Monzo vs Sendwave Transfer Limits: Monzo allows transfers between none and 10000 GBP. Sendwave's range is none to 999 USD/Day, 2999 USD/month.
  • Monzo vs Sendwave Minimum Age for Account Creation: Monzo requires users to be at least 18 years old, where as Sendwave has a minimum age requirement of 18.
  • Contact Number: You can reach Monzo at 00 44 20 3872 0620 and Sendwave at 1 888 966 8603.
  • Monzo vs Sendwave Countries of Operation: Monzo operates in over 1 countries but has restrictions in over 1 countries. Sendwave serves 1 countries and restricts operations in 1 countries.
  • Monzo vs Sendwave Client Base: Monzo is used by 5, where as Sendwave serves 600.
  • Monzo vs Sendwave Year Founded: Monzo was established in 2015 and Sendwave began its operations in 2011.
  • Monzo vs Sendwave Customer Rating: Monzo holds a rating of 3, in contrast, Sendwave has a rating of 3.
  • Monzo vs Sendwave Headquarters: Monzo has its headquarters at London, UK, while Sendwave is based at Boston, US.
  • Monzo vs Sendwave Employee Count: Monzo employs 1,551 individuals, where as Sendwave has a team of 100.
  • Monzo vs Sendwave Estimated Annual Turnover: Monzo turnover stands at 80000000, while Sendwave boasts a turnover of 280000000.
  • Monzo vs Sendwave Founder: Monzo was founded by Carol Kobuke Nelson, holding the position of CEO. On the other hand, Sendwave was the brainchild of Will Fogel, currently holding the position of CEO.
  • Monzo vs Sendwave Supported Languages: Monzo offers support in over 1 languages. Sendwave communicates in 1.

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Monzo vs Sendwave Alternatives Guides

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Screenshots

Monzo Screenshot

Monzo Screenshot

Sendwave Screenshot

Monzo Screenshot