Western Union vs Monzo - Who is better? [UPDATED 2024]

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

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

Western Union vs Monzo: Quick Feature Comparison

  1. Visit Western Union alternative Western Union Visit Western Union

    Used By: 15000000
    Currencies Available: 38
    Transfer Fees: up to 3%
    Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
    iOS App : yes, Android App : yes

    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1851

  2. Visit Western Union 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

    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

Western Union vs Monzo: Pros and Cons

Western Union vs Monzo

Western Union Advantages Monzo Advantages
  • Western Union has been serving clients for over 173 years
  • Western Union is available internationally.
  • Western Union has multiple currency options.
  • Western Union supports money transfer cash pickups.
  • Western Union supports sending money orders.
  • Western Union provides phone customer support.
  • Western Union provides email customer support.
  • Western Union is available to iOS Apple device users.
  • Western Union 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.

Western Union vs Monzo

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

Western Union vs Monzo Fees and Other Costs

Fee type Western Union Fees Monzo Fees
Transfer Fees up to 3% none
Min Transfer $1.00 none
Max Transfer $10,000.00 (varies) 10000 GBP
Payment Methods Cash, bank transfer, debit card, credit card (varies from country) bank transfer, phone contact

Western Union vs Monzo Restricted Countries

Western Union 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

Western Union vs Monzo Transfer Speeds

Transfer Speed Western Union Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Western Union vs Monzo Languages

Western Union Supported Languages

English, French, Spanish, Polish, German, Danish, Finnish, Japanese, Dutch, Norwegian, Portuguese, Russian, Swedish, Turkish, Ukrainian, Chinese, Italian

Monzo Supported Languages

Western Union vs Monzo Verdict - Which is better?

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

  • Western Union vs Monzo Transfer Fees: Transferring money with Western Union costs up to 3% while Monzo charges none.
  • Western Union vs Monzo Supported Currencies: Western Union deals in over 1, where as Monzo offers transactions in 1.
  • Western Union vs Monzo Payment Methods: Western Union accepts Cash, bank transfer, debit card, credit card (varies from country), while Monzo allows transactions via bank transfer, phone contact.
  • Western Union vs Monzo Transfer Limits: Western Union allows transfers between $1.00 and $10,000.00 (varies). Monzo's range is none to 10000 GBP.
  • Western Union vs Monzo Minimum Age for Account Creation: Western Union requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Western Union at +104904946 and Monzo at 00 44 20 3872 0620.
  • Western Union vs Monzo Countries of Operation: Western Union operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Western Union vs Monzo Client Base: Western Union is used by 15,000,000, where as Monzo serves 5.
  • Western Union vs Monzo Year Founded: Western Union was established in 1851 and Monzo began its operations in 2015.
  • Western Union vs Monzo Customer Rating: Western Union holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Western Union vs Monzo Headquarters: Western Union has its headquarters at Denver, US, while Monzo is based at London, UK.
  • Western Union vs Monzo Employee Count: Western Union employs 11,000 individuals, where as Monzo has a team of 1,551.
  • Western Union vs Monzo Estimated Annual Turnover: Western Union turnover stands at 5,600,000 USD, while Monzo boasts a turnover of 80000000.
  • Western Union vs Monzo Founder: Western Union was founded by Hikmet Ersek, holding the position of President, Chief Executive Officer and Director. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Western Union vs Monzo Supported Languages: Western Union offers support in over 1 languages. Monzo communicates in 1.

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Western Union vs Monzo Alternatives Guides

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Western Union Screenshot

Western Union Screenshot

Monzo Screenshot

Western Union Screenshot