Revolut Business vs Monzo - Who is better? [UPDATED 2024]

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

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

Revolut Business vs Monzo: Quick Feature Comparison

  1. Visit Revolut Business alternative Revolut Business Visit Revolut Business

    Used By: 500,000
    Currencies Available: 28
    Transfer Fees: none
    Payment Methods: Card payments, bank transfer, Apple pay
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 500000 GBP
    Year Founded: 2015

  2. Visit Revolut Business 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

Revolut Business vs Monzo: Pros and Cons

Revolut Business vs Monzo
Advantages

Revolut Business Advantages Monzo Advantages
  • Revolut Business is available internationally.
  • Revolut Business has multiple currency options.
  • Revolut Business provides phone customer support.
  • Revolut Business provides email customer support.
  • Revolut Business is available to iOS Apple device users.
  • Revolut Business is available to Android mobile device users.
  • 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.

Revolut Business vs Monzo
Disadvantages

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

Revolut Business vs Monzo Fees and Other Costs

Fee type Revolut Business Fees Monzo Fees
Transfer Fees none none
Min Transfer none none
Max Transfer 500000 GBP 10000 GBP
Payment Methods Card payments, bank transfer, Apple pay bank transfer, phone contact
Currencies AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR GBP

Revolut Business vs Monzo Restricted Countries

Revolut Business 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

Revolut Business vs Monzo Transfer Speeds

Transfer Speed Revolut Business Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Revolut Business vs Monzo Languages

Revolut Business Supported Languages

English, German, Spanish, French, Italian, Lithuanian, Dutch, Portuguese, Polish

Monzo Supported Languages

Revolut Business vs Monzo Verdict - Which is better?

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

  • Revolut Business vs Monzo Transfer Fees: Transferring money with Revolut Business costs none while Monzo charges none.
  • Revolut Business vs Monzo Supported Currencies: Revolut Business deals in over 1, where as Monzo offers transactions in 1.
  • Revolut Business vs Monzo Payment Methods: Revolut Business accepts Card payments, bank transfer, Apple pay, while Monzo allows transactions via bank transfer, phone contact.
  • Revolut Business vs Monzo Transfer Limits: Revolut Business allows transfers between none and 500000 GBP. Monzo's range is none to 10000 GBP.
  • Revolut Business vs Monzo Minimum Age for Account Creation: Revolut Business requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Revolut Business at +442033228352 and Monzo at 00 44 20 3872 0620.
  • Revolut Business vs Monzo Countries of Operation: Revolut Business operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Revolut Business vs Monzo Client Base: Revolut Business is used by 500, where as Monzo serves 5.
  • Revolut Business vs Monzo Year Founded: Revolut Business was established in 2015 and Monzo began its operations in 2015.
  • Revolut Business vs Monzo Customer Rating: Revolut Business holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Revolut Business vs Monzo Headquarters: Revolut Business has its headquarters at London (GB), while Monzo is based at London, UK.
  • Revolut Business vs Monzo Employee Count: Revolut Business employs 2,158 individuals, where as Monzo has a team of 1,551.
  • Revolut Business vs Monzo Estimated Annual Turnover: Revolut Business turnover stands at 361000000, while Monzo boasts a turnover of 80000000.
  • Revolut Business vs Monzo Founder: Revolut Business was founded by Nik Storonsky, holding the position of Founder & CEO. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Revolut Business vs Monzo Supported Languages: Revolut Business offers support in over 1 languages. Monzo communicates in 1.

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Revolut Business vs Monzo Alternatives Guides

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Screenshots

Revolut Business Screenshot

Revolut Business Screenshot

Monzo Screenshot

Revolut Business Screenshot