Monese vs Wise Comparison At a Glance
We've divided the key information you need to know when comparing Wise vs Monese 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 Wise vs Monese comparison to see which one is rated better, check out the table below.
With an overall score of 9.3, Wise clearly comes out on top. Monese, by comparison, holds a rating of 9.0. As for the service quality and advantages you get considering the platform’s costs, Wise outperforms Monese as well, offering better value for money.
To give you a broader view of the money transfer service market, we've also put Monese and Wise 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 | Per-transaction | Plan + per-transaction | |
| A global money transfer service with an additional volatile currency rate pegging to USD and EUR feature. | A transparent money transfer service that uses the mid-market rate and shows fees upfront. | A clean, no-fee neobank for GBP and EUR users across Europe. | |
| Visit site | Visit site | Visit site |
A Detailed Comparison of Wise vs Monese
Find out which provider offers the fastest, cheapest, and simplest ways to send money with this elaborate Monese vs Wise international transfer comparison table. From supported delivery methods and fees to any extra features, you'll see it all in one place.
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Coverage |
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US
Germany
France+160 more |
US
Canada
Germany+160 more |
UK
Lithuania
Germany+30 more |
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EN ID CN +6 more |
EN DE FR +15 more |
EN FR IT +5 more |
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USD
EUR
CAD+40 more |
USD
CAD
EUR +40 more |
GBP
EUR
RON |
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USDCEURC 
BONK+ 300 more |
Fiat-only |
Fiat-only |
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Pricing |
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| Free |
Bank - free Card - varies SWIFT - varies |
Bank - free Card - 1% |
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| Free |
ATM - 2 free/mo < $200; then 1.75% Bank - varies |
ATM - mostly free; then 2% Bank - varies |
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Limits |
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| No minimum | No minimum |
Post office - €5 PayPoint - €3 Card - €10 |
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| No minimum | ATM - not specified | ATM - set by ATM operator | |
| No minimum | Not specified | Not specified | |
| No limits |
Wire - $20,000,000/transfer SWIFT - $1,600,000/transfer |
Faster Payments - £40,000 SEPA - €50,000 |
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| No limits |
ATM (EEA/UK) - 2x free/mo; then €0.5 + 1.75% ATM (US) - 2x free/mo; then $1.5 + 2% |
ATM (GBP) - £300/day ATM (EUR) - €750/day |
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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 | ID, proof of address, selfie, other for larger limits | Name, surname, ID, selfie video | |
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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 Wise Interest 2 Stocks |
1 Not offered |
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1 Username functionality 2 No freezes 3 Referral program |
1 Mid-market exchange rate |
1 Cash top-ups 2 Credit Builder |
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Company's info |
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| 2025 | 2011 | 2015 | |
| Vytautas Zabulis | Taavet Hinrikus, Kristo Käärmann | Norris Koppel | |
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| MSB | FCA, EMI, EEA, MSB | FCA | |
| Visit site | Visit site | Visit site | |
Wise vs Monese Comparison Result Analysis
It's clear there are both Wise vs Monese 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, Wise is supported in US, Canada, Germany and +160 more countries, while Monese is supported in UK, Lithuania, Germany and +30 more countries.
As for fiat currency support, Wise can be used to transfer USD, CAD, EUR and +40 more currencies. In the meantime, Monese supports GBP, EUR and RON. Keep in mind that some money transfer services also support crypto – check out the table above to see which ones are available on Wise and Monese (if any).
Verdict at a Glance:
Considering the overall reach, Wise offers broader country support than Monese. When it comes to fiat you can transfer, Wise is a clear winner with USD, CAD, EUR and +40 more currencies.
Fees
When it comes to the pricing structure, Wise uses the per-transaction pricing model with variable transaction fees.
Monese, on the other hand, bases its pricing on the plan + per-transaction model, and has variable transaction fees.
Check Wise vs Monese 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:
Wise uses the per-transaction pricing model, while Monese bases its pricing on the plan + per-transaction model. Wise has variable transaction fees & Monese has variable transaction fees.
Transfer Speeds
Wise is known to offer average transaction speed. It may sometimes vary depending on the delivery method, though – Wise supports Bank deposit, ATM and Mobile wallet.
Monese supports Bank deposit and ATM as delivery methods and offers average transaction speed.
Verdict at a Glance:
Wise and Monese 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
Wise can be funded via ACH, Wire, Card, SEPA, Faster Payments, SWIFT, iDEAL and Trustly, and it limits its transfers in the following way - Wire - $20,000,000/transfer; SWIFT - $1,600,000/transfer.
Monese puts limits on transactions as follows – Faster Payments - £40,000; SEPA - €50,000. Considering available funding methods, you can deposit money to Monese via Bank transfers, Card, Paysafecash, Post office and PayPoint.
By the way, many (but not all) providers set minimum deposit, withdrawal, and transfer amounts, which you can check in the Wise vs Monese comparison table above.
Verdict at a Glance:
Regardless of how similar or different Wise and Monese seem, always check your account for actual limits because some platforms tie them to your verification level and country.
Summary
This thorough Wise vs Monese comparison puts Wise 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 Wise vs Monese Comparison Created?
1. We Collect
All information in this Wise vs Monese 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 Monese vs Wise 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 Wise vs Monese 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 Wise better than Monese?
For some users, Wise might be better, while others might prefer Monese. It generally depends on your needs. When comparing Wise vs Monese 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, be it Monese and Wise or any other, 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 Wise vs Monese compare in terms of country and currency support?
Wise is supported in US, Canada, Germany and +160 more countries and can be used to transfer USD, CAD, EUR and +40 more currencies. Monese, on the other hand, is supported in UK, Lithuania, Germany and +30 more countries and allows GBP, EUR and RON 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, Monese or Wise?
Wise uses the per-transaction pricing model, while Monese bases its pricing on the plan + per-transaction model. To see which is the cheaper option, check Wise vs Monese 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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