Travelex International Payments vs Monzo - Who is better? [UPDATED 2024]

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

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

Travelex International Payments vs Monzo: Quick Feature Comparison

  1. Visit Travelex International Payments alternative Travelex International Payments Visit Travelex International Payments

    Used By: 100000000
    Currencies Available: 10
    Transfer Fees: 0-5$
    Payment Methods: global payment platform
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 200 AUD
    Max Transfer: none
    Year Founded: 1976

  2. Visit Travelex International Payments 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

Travelex International Payments vs Monzo: Pros and Cons

Travelex International Payments vs Monzo
Advantages

Travelex International Payments Advantages Monzo Advantages
  • Travelex International Payments has been serving clients for over 48 years
  • Travelex International Payments has multiple currency options.
  • Travelex International Payments provides home money transfer deliver for some customers.
  • Travelex International Payments provides phone customer support.
  • Travelex International Payments provides email customer support.
  • Travelex International Payments is available to iOS Apple device users.
  • Travelex International Payments 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.

Travelex International Payments vs Monzo
Disadvantages

Travelex International Payments Disadvantages Monzo Disadvantages
  • Travelex International Payments has no PayPal support.
  • Travelex International Payments has no Neteller payments support.
  • Travelex International Payments has no Skrill payment support.
  • Travelex International Payments is not availble in as many countries as other some other remitance companies.
  • Travelex International Payments does have a mobile digital wallet like some others.
  • No cash pickups with Travelex International Payments.
  • No money order support with Travelex International Payments.
  • No live chat support with Travelex International Payments.
  • 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.

Travelex International Payments vs Monzo Fees and Other Costs

Fee type Travelex International Payments Fees Monzo Fees
Transfer Fees 0-5$ none
Min Transfer 200 AUD none
Max Transfer none 10000 GBP
Payment Methods global payment platform bank transfer, phone contact
Currencies GBP, EUR, USD, AUD, CAD, NZD, ZAR, AED, CHF, TRY GBP

Travelex International Payments vs Monzo Restricted Countries

Travelex International Payments 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

Travelex International Payments vs Monzo Transfer Speeds

Transfer Speed Travelex International Payments Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Travelex International Payments vs Monzo Languages

Travelex International Payments Supported Languages

Monzo Supported Languages

Travelex International Payments vs Monzo Verdict - Which is better?

Which is best out of Travelex International Payments and Monzo depends on your needs.

  • Travelex International Payments vs Monzo Transfer Fees: Transferring money with Travelex International Payments costs 0-5$ while Monzo charges none.
  • Travelex International Payments vs Monzo Supported Currencies: Travelex International Payments deals in over 1, where as Monzo offers transactions in 1.
  • Travelex International Payments vs Monzo Payment Methods: Travelex International Payments accepts global payment platform, while Monzo allows transactions via bank transfer, phone contact.
  • Travelex International Payments vs Monzo Transfer Limits: Travelex International Payments allows transfers between 200 AUD and none. Monzo's range is none to 10000 GBP.
  • Travelex International Payments vs Monzo Minimum Age for Account Creation: Travelex International Payments requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Travelex International Payments at 1800 440 039 and Monzo at 00 44 20 3872 0620.
  • Travelex International Payments vs Monzo Countries of Operation: Travelex International Payments operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Travelex International Payments vs Monzo Client Base: Travelex International Payments is used by 100,000,000, where as Monzo serves 5.
  • Travelex International Payments vs Monzo Year Founded: Travelex International Payments was established in 1976 and Monzo began its operations in 2015.
  • Travelex International Payments vs Monzo Customer Rating: Travelex International Payments holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Travelex International Payments vs Monzo Headquarters: Travelex International Payments has its headquarters at London, UK, while Monzo is based at London, UK.
  • Travelex International Payments vs Monzo Employee Count: Travelex International Payments employs 5,437 individuals, where as Monzo has a team of 1,551.
  • Travelex International Payments vs Monzo Estimated Annual Turnover: Travelex International Payments turnover stands at 191880000, while Monzo boasts a turnover of 80000000.
  • Travelex International Payments vs Monzo Founder: Travelex International Payments was founded by Donald Muir, holding the position of CEO. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Travelex International Payments vs Monzo Supported Languages: Travelex International Payments offers support in over 1 languages. Monzo communicates in 1.

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Travelex International Payments vs Monzo Alternatives Guides

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Screenshots

Travelex International Payments Screenshot

Travelex International Payments Screenshot

Monzo Screenshot

Travelex International Payments Screenshot