World First vs Monzo - Who is better? [UPDATED 2024]

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

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

World First vs Monzo: Quick Feature Comparison

  1. Visit World First alternative World First Visit World First

    Used By: 240,000
    Currencies Available: 16
    Transfer Fees: 0.5%-0.6%
    Payment Methods: Debit card, Onlon/telephone transfers, BACS, Direct Debit, CHAPS (differ by regions)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: none
    Year Founded: 2004

  2. Visit World First 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

World First vs Monzo: Pros and Cons

World First vs Monzo
Advantages

World First Advantages Monzo Advantages
  • World First has been serving clients for over 20 years
  • World First is available internationally.
  • World First has multiple currency options.
  • World First provides phone customer support.
  • World First provides email customer support.
  • World First is available to iOS Apple device users.
  • World First 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.

World First vs Monzo
Disadvantages

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

World First vs Monzo Fees and Other Costs

Fee type World First Fees Monzo Fees
Transfer Fees 0.5%-0.6% none
Min Transfer none none
Max Transfer none 10000 GBP
Payment Methods Debit card, Onlon/telephone transfers, BACS, Direct Debit, CHAPS (differ by regions) bank transfer, phone contact
Currencies USD, GBP, EUR, SGD, AUD, NZD, HKD, CAD, MYR, AED, JPY, CNH, THB, PHP, INR, IDR GBP

World First vs Monzo Restricted Countries

World First 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

World First vs Monzo Transfer Speeds

Transfer Speed World First Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

World First vs Monzo Languages

World First Supported Languages

Monzo Supported Languages

World First vs Monzo Verdict - Which is better?

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

  • World First vs Monzo Transfer Fees: Transferring money with World First costs 0.5%-0.6% while Monzo charges none.
  • World First vs Monzo Supported Currencies: World First deals in over 1, where as Monzo offers transactions in 1.
  • World First vs Monzo Payment Methods: World First accepts Debit card, Onlon/telephone transfers, BACS, Direct Debit, CHAPS (differ by regions), while Monzo allows transactions via bank transfer, phone contact.
  • World First vs Monzo Transfer Limits: World First allows transfers between none and none. Monzo's range is none to 10000 GBP.
  • World First vs Monzo Minimum Age for Account Creation: World First requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach World First at +442078011065 and Monzo at 00 44 20 3872 0620.
  • World First vs Monzo Countries of Operation: World First operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • World First vs Monzo Client Base: World First is used by 240, where as Monzo serves 5.
  • World First vs Monzo Year Founded: World First was established in 2004 and Monzo began its operations in 2015.
  • World First vs Monzo Customer Rating: World First holds a rating of 3, in contrast, Monzo has a rating of 3.
  • World First vs Monzo Headquarters: World First has its headquarters at London (GB), while Monzo is based at London, UK.
  • World First vs Monzo Employee Count: World First employs 418 individuals, where as Monzo has a team of 1,551.
  • World First vs Monzo Estimated Annual Turnover: World First turnover stands at 342,000,000 USD, while Monzo boasts a turnover of 80000000.
  • World First vs Monzo Founder: World First was founded by Jonathan Quin, holding the position of Head of Europe Strategy/Director. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • World First vs Monzo Supported Languages: World First offers support in over 1 languages. Monzo communicates in 1.

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Screenshots

World First Screenshot

World First Screenshot

Monzo Screenshot

World First Screenshot