Monese is designed for people who struggle to open traditional bank accounts — no credit check required. Popular with immigrants and expats in the UK and Europe.
Quick Verdict
Rating: 3.9/5 — ★★★½☆
Best for: New-to-UK freelancers who need a bank account without a credit history
Not ideal for: Long-term main account — fees add up vs free alternatives like Monzo
Get started with Monese →Key Facts
| Category | banking / neobank |
| FX fee | 🔴 2% |
| Withdrawal fee | Free |
| Monthly fee | $5.95/month |
| Payout speed | instant |
| KYC level | Basic (email only) |
| Founded | 2015 |
| HQ | GB |
Country Availability
| UK | Canada | Australia |
|---|---|---|
| ✅ | ❌ | ❌ |
Fees
| Fee type | Amount |
|---|---|
| FX conversion | 2% above mid-market |
| Withdrawal | Free |
| Monthly subscription | $5.95/month |
| Currencies supported | 20+ |
Features
| Feature | |
|---|---|
| Bank transfer | ✅ |
| Card payments | ✅ |
| Crypto | ❌ |
| Virtual card | ✅ |
| Physical card | ✅ |
| Multi-currency | ✅ |
| Business account | ❌ |
| Mobile app | ✅ |
| API access | ❌ |
| Upwork integration | ❌ |
| Fiverr integration | ❌ |
Pros
- Multi-currency account
- Virtual debit card
- Mobile app (iOS & Android)
- Instant payouts
Cons
- Monthly fee — $5.95/month
Who Should Use Monese
Perfect for: New-to-UK freelancers who need a bank account without a credit history
Skip it if: Long-term main account — fees add up vs free alternatives like Monzo
How to Get Started
- Visit https://monese.com and create an account
- Complete identity verification (Basic (email only))
- Set up your payment receiving details
- Share with clients or connect to your freelance platform
Frequently Asked Questions
Is Monese available in the UK? Yes — Monese is fully available in the UK.
Is Monese available in Canada? Monese is currently not available in Canada.
Is Monese available in Australia? Monese is currently not available in Australia.
What are Monese's fees? Monese charges 2% for currency conversion, and $5.95/month subscription.
Is Monese safe? Monese is a regulated financial service with a strong safety record. Always verify current regulatory status on their website.
This review was last updated 2026-03-30. Fees and availability may change — always check Monese's website for the latest information.
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