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

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

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

Neteller vs Monzo: Quick Feature Comparison

  1. Visit Neteller alternative Neteller Visit Neteller

    Used By: 500000
    Currencies Available: 28
    Transfer Fees: none
    Payment Methods: online banking account, debit, and credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: up to 50000 USD/transaction
    Year Founded: 1996

  2. Visit Neteller 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

Neteller vs Monzo: Pros and Cons

Neteller vs Monzo
Advantages

Neteller Advantages Monzo Advantages
  • Neteller has been serving clients for over 28 years
  • Neteller is well rated among clients.
  • Neteller is available internationally.
  • Neteller has multiple currency options.
  • Neteller provides phone customer support.
  • Neteller provides email customer support.
  • Neteller is available to iOS Apple device users.
  • Neteller is available to Android mobile device users.
  • Monzo boasts a high rating for sending money.
  • 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.

Neteller vs Monzo
Disadvantages

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

Neteller vs Monzo Fees and Other Costs

Fee type Neteller Fees Monzo Fees
Transfer Fees none none
Min Transfer none none
Max Transfer up to 50000 USD/transaction 10000 GBP
Payment Methods online banking account, debit, and credit card bank transfer, phone contact
Currencies AED, AUD, BGN, BRL, CAD, CHF, CNY, COP, DKK, EUR, GBP, HUF, INR, JPY, MAD, MXN, MYR, NGN, NOK, PLN, RON, RUB, SEK, SGD, TND, TWD, USD, ZAR GBP

Neteller vs Monzo Restricted Countries

Neteller 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

Neteller vs Monzo Transfer Speeds

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

Neteller vs Monzo Languages

Neteller Supported Languages

Monzo Supported Languages

Neteller vs Monzo Verdict - Which is better?

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

  • Neteller vs Monzo Transfer Fees: Transferring money with Neteller costs none while Monzo charges none.
  • Neteller vs Monzo Supported Currencies: Neteller deals in over 1, where as Monzo offers transactions in 1.
  • Neteller vs Monzo Payment Methods: Neteller accepts online banking account, debit, and credit card, while Monzo allows transactions via bank transfer, phone contact.
  • Neteller vs Monzo Transfer Limits: Neteller allows transfers between none and up to 50000 USD/transaction. Monzo's range is none to 10000 GBP.
  • Neteller vs Monzo Minimum Age for Account Creation: Neteller requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Neteller at 44 20 3308 9525 and Monzo at 00 44 20 3872 0620.
  • Neteller vs Monzo Countries of Operation: Neteller operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Neteller vs Monzo Client Base: Neteller is used by 500,000, where as Monzo serves 5.
  • Neteller vs Monzo Year Founded: Neteller was established in 1996 and Monzo began its operations in 2015.
  • Neteller vs Monzo Customer Rating: Neteller holds a rating of 4, in contrast, Monzo has a rating of 3.
  • Neteller vs Monzo Headquarters: Neteller has its headquarters at London, UK, while Monzo is based at London, UK.
  • Neteller vs Monzo Employee Count: Neteller employs 250 individuals, where as Monzo has a team of 1,551.
  • Neteller vs Monzo Estimated Annual Turnover: Neteller turnover stands at 112700000, while Monzo boasts a turnover of 80000000.
  • Neteller vs Monzo Founder: Neteller was founded by Lorenzo Pellegrino, holding the position of Advisor to Skrill Limited Board of Directors. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Neteller vs Monzo Supported Languages: Neteller offers support in over 1 languages. Monzo communicates in 1.

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Screenshots

Neteller Screenshot

Neteller Screenshot

Monzo Screenshot

Neteller Screenshot