BookMyForex vs Monzo Comparison At a Glance
We've divided the key information you need to know when comparing Monzo vs BookMyForex into several aspects: pros & cons, coverage, pricing, limits, supported asset management, accounts and their onboarding, security, user experience and the company's info. However, if you want a quick side-by-side Monzo vs BookMyForex comparison to see which one is rated better, check out the table below.
With an overall score of 8.8, Monzo clearly comes out on top. BookMyForex, by comparison, holds a rating of 6.2. As for the service quality and advantages you get considering the platform’s costs, Monzo outperforms BookMyForex as well, offering better value for money.
To give you a broader view of the money transfer service market, we've also put BookMyForex and Monzo next to Ogvio, which has the highest overall score. You'll see how all three compare throughout this page.
Compare Other Money Transfer Services
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| Per-transaction | Plan + per-transaction | Per-transaction | |
| A global money transfer service with an additional volatile currency rate pegging to USD and EUR feature. | A feature-rich UK banking app that helps you track, save, and send money easily. | A user-friendly Indian forex marketplace known for competitive rates. | |
| Visit site Read review | Visit site | Visit site |
A Detailed Comparison of Monzo vs BookMyForex
Find out which provider offers the fastest, cheapest, and simplest ways to send money with this elaborate BookMyForex vs Monzo international transfer comparison table. From supported delivery methods and fees to any extra features, you'll see it all in one place.
Compare Other Money Transfer Services
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Coverage |
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US
Germany
France+160 more |
US UK + more |
Australia
Canada
Germany+150 more |
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EN ID CN +6 more |
EN British Sign Language |
EN |
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USD
EUR
CAD+40 more |
GBP
JPY
ILS+37 more (via SWIFT) |
USD
EUR
GBP +11 more |
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USDCEURC 
BONK+ 300 more |
BTC
SOL
XRP+ more |
Fiat-only |
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Pricing |
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| Free |
GBP - free EUR - 1% |
Varies | |
| Free |
ATM - up to 3% Bank - varies |
Bank - ₹225 + GST Nostro - up to ₹1500 |
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Limits |
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| No minimum |
PayPoint - £5 Post office - £5 |
Not specified | |
| No minimum | ATM - set by ATM operator | ATM - set by ATM operator | |
| No minimum | Not specified | Not specified | |
| No limits |
Card - £10,000/day Bank - £10,000/day |
$250,000/year | |
| No limits | ATM withdrawals - £400 | Varies | |
Asset Movement |
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Accounts |
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| Coming soon | Physical/Virtual | Physical/Virtual | |
Security |
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| Name, surname, possibly ID, and selfie | Name, surname, ID, selfie video | ID, proof of address, selfie, other for larger limits | |
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User Experience |
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| Coming soon | Android/iOS | Android/iOS | |
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1 Crypto trading 2 Staking |
1 Investments - tech, blockchain 2 Instant Access Savings - 3-3.5% AER/mo 3 Credit limit up to £10,000 4 Mortgages 5 Pensions (coming soon) |
1 Not offered |
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1 Username functionality 2 No freezes 3 Referral program |
1 Card Freeze 2 Fraud protection 3 Secret QR code |
1 Rate lock |
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Company's info |
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| 2025 | 2015 | 2011 | |
| Vytautas Zabulis | Tom Blomfield, Jason Bates, Paul Rippon, Gary Dolman, Jonas Huckestein | Sudarshan Motwani, Nitin Motwani | |
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| MSB | PRA | RBI, NDL-FFMC | |
| Visit site Read review | Visit site | Visit site | |
Monzo vs BookMyForex Comparison Result Analysis
It's clear there are both Monzo vs BookMyForex differences and similarities. Let's go over some of the key aspects and see which is more suited for your remittance needs.
Supported Countries & Currencies
Speaking of worldwide reach, Monzo is supported in US, UK and + more countries, while BookMyForex is supported in Australia, Canada, Germany and +150 more countries.
As for fiat currency support, Monzo can be used to transfer GBP, JPY, ILS and +37 more (via SWIFT) currencies. In the meantime, BookMyForex supports USD, EUR, GBP and +11 more currencies. Keep in mind that some money transfer services also support crypto – check out the table above to see which ones are available on Monzo and BookMyForex (if any).
Verdict at a Glance:
Considering the overall reach, BookMyForex offers broader country support than Monzo. When it comes to fiat you can transfer, Monzo is a clear winner with GBP, JPY, ILS and +37 more (via SWIFT) currencies.
Fees
When it comes to the pricing structure, Monzo uses the plan + per-transaction pricing model with up to 1% transaction fees.
BookMyForex, on the other hand, bases its pricing on the per-transaction model, and has ₹225 + gst transaction fees.
Check Monzo vs BookMyForex fees comparison of deposits, withdrawals and any other priced actions in the table above. You can also see if these platforms apply an exchange rate markup.
Verdict at a Glance:
Monzo uses the plan + per-transaction pricing model, while BookMyForex bases its pricing on the per-transaction model. Monzo has up to 1% transaction fees & BookMyForex has ₹225 + gst transaction fees.
Transfer Speeds
Monzo is known to offer average transaction speed. It may sometimes vary depending on the delivery method, though – Monzo supports Bank deposit and ATM.
BookMyForex supports Card as delivery methods and offers average transaction speed.
Verdict at a Glance:
Monzo and BookMyForex generally offer the same transfer speed, though it can sometimes depend on your chosen transfer method and the countries you send from/to.
Limits & Funding Methods
Monzo can be funded via Debit card, Apple Pay, Google Wallet, Bank transfer, Cheques, Cash and Salary, and it limits its transfers in the following way - Card - £10,000/day; Bank - £10,000/day.
BookMyForex puts limits on transactions as follows – $250,000/year. Considering available funding methods, you can deposit money to BookMyForex via UPI, NEFT, RTGS, IMPS and Card.
By the way, many (but not all) providers set minimum deposit, withdrawal, and transfer amounts, which you can check in the Monzo vs BookMyForex comparison table above.
Verdict at a Glance:
Regardless of how similar or different Monzo and BookMyForex seem, always check your account for actual limits because some platforms tie them to your verification level and country.
Summary
This thorough Monzo vs BookMyForex comparison puts Monzo ahead based on several factors. However, if we compare either with Ogvio, it outperforms both, having an overall score of 9.8. It provides the highest value for money considering its low-to-no costs, ease of use, worldwide support, and transaction speed. That's why it ranks as the top money transfer service provider.
How Is This Monzo vs BookMyForex Comparison Created?
1. We Collect
All information in this Monzo vs BookMyForex comparison comes from official provider pages, their fee schedules, verified payout samples, and personal testing. We check each country/currency coverage, fees, funding & payout methods, limits, and much more. You can be sure that all the collected information is accurate and up to date.
2. We Examine
Our experts double- and triple-check every data entry in the provider pages and trusted sources. We convert different fee formats into one standard layout, bring all info to the same baseline, and ensure you get all the essential details. The result is clean, comparable information you see in our Money Transfer Services Comparison Tool.
3. We Rate
We rate each provider to make choosing between BookMyForex vs Monzo for travel or remittances simple. Our score blends fees, markup presence, transfer speed, coverage, limits, security, and other factors. Each provider gets a clear score and a short verdict so you can quickly see which is cheapest, fastest, or best for specific use cases.
4. You Choose
Then, it's your call. After we compile the data and rate each provider, you can go over the quick and detailed Monzo vs BookMyForex comparison tables to place each provider's fees, coverage, delivery methods or any other aspects that matter to you side-by-side. This way, you can pick the best money transfer service for your needs.
FAQ
Is Monzo better than BookMyForex?
For some users, Monzo might be better, while others might prefer BookMyForex. It generally depends on your needs. When comparing Monzo vs BookMyForex for international payments or other use cases, always start with coverage and asset support, then make sure to check total costs and available delivery options. If neither option is suitable for you, consider exploring alternative money transfer services.
What is the best international money transfer service?
"The best" is a subjective term. Users seeking cash pickup or home delivery options will opt for more traditional money transfer services. Others, who seek speed, convenience and low costs, might choose neobank-like services. Speaking of which, one of the best new generation money transfer providers to watch is Ogvio. It’s all about low-to-zero fees, worldwide reach, and instant money transfers. On top of that, with EUR- or USD-denominated accounts, it helps protect funds from local inflation or currency depreciation.
Can I use more than one money transfer app?
Yes, using multiple money transfer apps sometimes might even be a better idea than sticking to one. For example, one provider might offer the lowest costs and fastest speeds, which would be highly beneficial for everyday transfers, while another can provide you with home delivery or cash pickup when you need it. You can surely find the most suitable providers for you using our Money Transfer Service Comparison Tool.
How do Monzo vs BookMyForex compare in terms of country and currency support?
Monzo is supported in US, UK and + more countries and can be used to transfer GBP, JPY, ILS and +37 more (via SWIFT) currencies. BookMyForex, on the other hand, is supported in Australia, Canada, Germany and +150 more countries and allows USD, EUR, GBP and +11 more currencies transfers. Some providers might be better than others in specific countries or regions (e.g., the Philippines, India, Mexico, etc.).
Which is cheaper for international transfers, BookMyForex or Monzo?
Monzo uses the plan + per-transaction pricing model, while BookMyForex bases its pricing on the per-transaction model. To see which is the cheaper option, check Monzo vs BookMyForex fees comparison above in the "Pricing" field. There, you'll find transaction, deposit, withdrawal, and any other costs, including whether or not they add an exchange rate markup. If neither is cheap enough, check out other money transfer providers.
How to compare platforms with this Money Transfer Service Comparison Tool?
It's very easy to use, just pick two services you want to compare in the drop-down menu and click "Compare Now". Once you do that, you'll get an instant money transfer service comparison. As you scroll through it, you'll find all the key info, including the platform's reach, speed, supported methods, limits, extra features, and the best money transfer fee comparison for 2025 and beyond.
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