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

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

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

Remitly vs Monzo: Quick Feature Comparison

  1. Visit Remitly alternative Remitly Visit Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  2. Visit Remitly 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

Remitly vs Monzo: Pros and Cons

Remitly vs Monzo
Advantages

Remitly Advantages Monzo Advantages
  • Remitly has been serving clients for over 13 years
  • Remitly is well rated among clients.
  • Remitly is available internationally.
  • Remitly has multiple currency options.
  • Remitly supports money transfer cash pickups.
  • Remitly is available to iOS Apple device users.
  • Remitly 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.

Remitly vs Monzo
Disadvantages

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

Remitly vs Monzo Fees and Other Costs

Fee type Remitly Fees Monzo Fees
Transfer Fees 0-3.99$ none
Min Transfer US$1.00 none
Max Transfer US$20,000.00 10000 GBP
Payment Methods Bank transfer, credit/debit card bank transfer, phone contact
Currencies ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW GBP

Remitly vs Monzo Restricted Countries

Remitly Country Restrictions

North Korea

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

Remitly vs Monzo Transfer Speeds

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

Remitly vs Monzo Languages

Remitly Supported Languages

English, French, Spanish, Polish, Vietnamese, German, Romanian, Italian and Turkish.

Monzo Supported Languages

Remitly vs Monzo Verdict - Which is better?

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

  • Remitly vs Monzo Transfer Fees: Transferring money with Remitly costs 0-3.99$ while Monzo charges none.
  • Remitly vs Monzo Supported Currencies: Remitly deals in over 1, where as Monzo offers transactions in 1.
  • Remitly vs Monzo Payment Methods: Remitly accepts Bank transfer, credit/debit card, while Monzo allows transactions via bank transfer, phone contact.
  • Remitly vs Monzo Transfer Limits: Remitly allows transfers between US$1.00 and US$20,000.00. Monzo's range is none to 10000 GBP.
  • Remitly vs Monzo Minimum Age for Account Creation: Remitly requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Remitly at and Monzo at 00 44 20 3872 0620.
  • Remitly vs Monzo Countries of Operation: Remitly operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Remitly vs Monzo Client Base: Remitly is used by 3,000,000, where as Monzo serves 5.
  • Remitly vs Monzo Year Founded: Remitly was established in 2011 and Monzo began its operations in 2015.
  • Remitly vs Monzo Customer Rating: Remitly holds a rating of 4, in contrast, Monzo has a rating of 3.
  • Remitly vs Monzo Headquarters: Remitly has its headquarters at Seattle (US), while Monzo is based at London, UK.
  • Remitly vs Monzo Employee Count: Remitly employs 1,000 individuals, where as Monzo has a team of 1,551.
  • Remitly vs Monzo Estimated Annual Turnover: Remitly turnover stands at 143100000, while Monzo boasts a turnover of 80000000.
  • Remitly vs Monzo Founder: Remitly 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.
  • Remitly vs Monzo Supported Languages: Remitly offers support in over 1 languages. Monzo communicates in 1.

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Screenshots

Remitly Screenshot

Remitly Screenshot

Monzo Screenshot

Remitly Screenshot