Wise vs Monese - Who is better? [UPDATED 2024]

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

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

Wise vs Monese: Quick Feature Comparison

  1. Visit Wise alternative Wise Visit Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011
  2. Visit Wise alternative Monese Visit Monese

    Used By: 2200000
    Currencies Available: 3
    Transfer Fees: none
    Payment Methods: Google pay
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 50000 EUR
    Year Founded: 2015

Wise vs Monese: Pros and Cons

Wise vs Monese
Advantages

Wise Advantages Monese Advantages
  • Wise has been serving clients for over 13 years
  • Wise is well rated among clients.
  • Wise is available internationally.
  • Wise has multiple currency options.
  • Wise provides phone customer support.
  • Wise provides email customer support.
  • Wise is available to iOS Apple device users.
  • Wise is available to Android mobile device users.
  • Monese boasts a high rating for sending money.
  • Monese operates in numerous international countries.
  • Monese offers registered customers email support.
  • Monese has a Apple iOS app on Apple app store.
  • Monese offers a Android Google Play Store mobile app.

Wise vs Monese
Disadvantages

Wise Disadvantages Monese Disadvantages
  • Wise has no PayPal support.
  • Wise has no Neteller payments support.
  • Wise has no Skrill payment support.
  • Wise does have a mobile digital wallet like some others.
  • No home delivery with Wise.
  • No cash pickups with Wise.
  • No money order support with Wise.
  • No live chat support with Wise.
  • Monese has no PayPal option.
  • Monese has no Neteller option.
  • Monese has no Skrill option.
  • Monese has few fiat currency then some others.
  • No digital wallets with Monese.
  • No Monese home delivery.
  • No Monese Cash pickups.
  • No Monese money order option.
  • No Monese Livechat.
  • No Monese telephone customer support.

Wise vs Monese Fees and Other Costs

Fee type Wise Fees Monese Fees
Transfer Fees 0.5%-1% none
Min Transfer US$1.00 none
Max Transfer US$1,000,000 (varies based on currency) 50000 EUR
Payment Methods Bank transfer, debit card, credit card, SOFORT transfer Google pay
Currencies AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW GBP, EUR, RON

Wise vs Monese Restricted Countries

Wise Country Restrictions

North Korea

Monese 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

Wise vs Monese Transfer Speeds

Transfer Speed Wise Monese
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Wise vs Monese Languages

Wise Supported Languages

English, French, German, Hungarian, Japanese, Polish, Portugese, Romanian, Russian, Spanish, Turkish

Monese Supported Languages

Wise vs Monese Verdict - Which is better?

Which is best out of Wise and Monese depends on your needs.

  • Wise vs Monese Transfer Fees: Transferring money with Wise costs 0.5%-1% while Monese charges none.
  • Wise vs Monese Supported Currencies: Wise deals in over 1, where as Monese offers transactions in 1.
  • Wise vs Monese Payment Methods: Wise accepts Bank transfer, debit card, credit card, SOFORT transfer, while Monese allows transactions via Google pay.
  • Wise vs Monese Transfer Limits: Wise allows transfers between US$1.00 and US$1,000,000 (varies based on currency). Monese's range is none to 50000 EUR.
  • Wise vs Monese Minimum Age for Account Creation: Wise requires users to be at least 18 years old, where as Monese has a minimum age requirement of 18.
  • Contact Number: You can reach Wise at 44 20 7033 0296 and Monese at .
  • Wise vs Monese Countries of Operation: Wise operates in over 1 countries but has restrictions in over 1 countries. Monese serves 1 countries and restricts operations in 1 countries.
  • Wise vs Monese Client Base: Wise is used by 11,000,000, where as Monese serves 2,200,000.
  • Wise vs Monese Year Founded: Wise was established in 2011 and Monese began its operations in 2015.
  • Wise vs Monese Customer Rating: Wise holds a rating of 4, in contrast, Monese has a rating of 3.
  • Wise vs Monese Headquarters: Wise has its headquarters at London, UK, while Monese is based at London, UK.
  • Wise vs Monese Employee Count: Wise employs 2,243 individuals, where as Monese has a team of 299.
  • Wise vs Monese Estimated Annual Turnover: Wise turnover stands at 27000000, while Monese boasts a turnover of 62800000.
  • Wise vs Monese Founder: Wise was founded by Venkatesh Saha, holding the position of CEO. On the other hand, Monese was the brainchild of Norris Koppel, currently holding the position of CEO.
  • Wise vs Monese Supported Languages: Wise offers support in over 1 languages. Monese communicates in 1.

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Wise vs Monese Alternatives Guides

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Screenshots

Wise Screenshot

Wise Screenshot

Monese Screenshot

Wise Screenshot