WorldRemit vs Monzo - Who is better? [UPDATED 2024]

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

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

WorldRemit vs Monzo: Quick Feature Comparison

  1. Visit WorldRemit alternative WorldRemit Visit WorldRemit

    Used By: 5000000
    Currencies Available: 77
    Transfer Fees: 0.99$-3.99$
    Payment Methods: Bank Transfer, Debit Card & Credit Card.
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1 USD
    Max Transfer: 9000 USD
    Year Founded: 2010

  2. Visit WorldRemit 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

WorldRemit vs Monzo: Pros and Cons

WorldRemit vs Monzo
Advantages

WorldRemit Advantages Monzo Advantages
  • WorldRemit has been serving clients for over 14 years
  • WorldRemit is available internationally.
  • WorldRemit has multiple currency options.
  • WorldRemit provides home money transfer deliver for some customers.
  • WorldRemit supports money transfer cash pickups.
  • WorldRemit provides phone customer support.
  • WorldRemit provides email customer support.
  • WorldRemit is available to iOS Apple device users.
  • WorldRemit 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.

WorldRemit vs Monzo
Disadvantages

WorldRemit Disadvantages Monzo Disadvantages
  • WorldRemit has no PayPal support.
  • WorldRemit has no Neteller payments support.
  • WorldRemit has no Skrill payment support.
  • WorldRemit does have a mobile digital wallet like some others.
  • No money order support with WorldRemit.
  • No live chat support with WorldRemit.
  • 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.

WorldRemit vs Monzo Fees and Other Costs

Fee type WorldRemit Fees Monzo Fees
Transfer Fees 0.99$-3.99$ none
Min Transfer 1 USD none
Max Transfer 9000 USD 10000 GBP
Payment Methods Bank Transfer, Debit Card & Credit Card. bank transfer, phone contact
Currencies ALL, ARS, AMD, EUR, USD, AUD, BDT, XOF, BOB, BWP, BRL, BGN, BIF, KHR, XAF, CAD, CVE, CLP, CNY, COP, CRC, HRK, CZK, DKK, XCD, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, HNL, HKD, HUF, INR, IDR, JMD, KES, LAK, MGA, MWK, MYR, MXN, MAD, MZN, NAD, NPR, NZD, NGN, NOK, PKR, PYG, PEN, PHP, PLN, RON, RWF, WST, SLL, SGD, GBP, ZAR, LKR, SRD, SEK, TZS, THB, TOP, TND, TRY, UGX, AED, UYU, VND, ZMW GBP

WorldRemit vs Monzo Restricted Countries

WorldRemit Country Restrictions

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

WorldRemit vs Monzo Transfer Speeds

Transfer Speed WorldRemit Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

WorldRemit vs Monzo Languages

WorldRemit Supported Languages

English, Spanish, French, Dutch, Danish and German

Monzo Supported Languages

WorldRemit vs Monzo Verdict - Which is better?

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

  • WorldRemit vs Monzo Transfer Fees: Transferring money with WorldRemit costs 0.99$-3.99$ while Monzo charges none.
  • WorldRemit vs Monzo Supported Currencies: WorldRemit deals in over 1, where as Monzo offers transactions in 1.
  • WorldRemit vs Monzo Payment Methods: WorldRemit accepts Bank Transfer, Debit Card & Credit Card., while Monzo allows transactions via bank transfer, phone contact.
  • WorldRemit vs Monzo Transfer Limits: WorldRemit allows transfers between 1 USD and 9000 USD. Monzo's range is none to 10000 GBP.
  • WorldRemit vs Monzo Minimum Age for Account Creation: WorldRemit requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach WorldRemit at 442039666899 and Monzo at 00 44 20 3872 0620.
  • WorldRemit vs Monzo Countries of Operation: WorldRemit operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • WorldRemit vs Monzo Client Base: WorldRemit is used by 5,000,000, where as Monzo serves 5.
  • WorldRemit vs Monzo Year Founded: WorldRemit was established in 2010 and Monzo began its operations in 2015.
  • WorldRemit vs Monzo Customer Rating: WorldRemit holds a rating of 3, in contrast, Monzo has a rating of 3.
  • WorldRemit vs Monzo Headquarters: WorldRemit has its headquarters at London (GB), while Monzo is based at London, UK.
  • WorldRemit vs Monzo Employee Count: WorldRemit employs 800 individuals, where as Monzo has a team of 1,551.
  • WorldRemit vs Monzo Estimated Annual Turnover: WorldRemit turnover stands at 280000000, while Monzo boasts a turnover of 80000000.
  • WorldRemit vs Monzo Founder: WorldRemit was founded by Ismail Ahmed, holding the position of Founder & Chairman. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • WorldRemit vs Monzo Supported Languages: WorldRemit offers support in over 1 languages. Monzo communicates in 1.

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Screenshots

WorldRemit Screenshot

WorldRemit Screenshot

Monzo Screenshot

WorldRemit Screenshot