Monese and Wise (formerly TransferWise) remain widely used in 2025 for managing personal finances, international transfers, and payments. Both are licensed in Europe, offer multi-currency operations, and are accessible via smartphone apps. The following provides a neutral comparison of their features—presented for informational purposes only.
🧠 Key Aspects
| Attribute | Monese | Wise |
|---|---|---|
| Account Type | Digital wallet with EU IBAN | Multi-currency account with IBAN |
| Supported Currencies | EUR, GBP, RON, and others | Over 50 currencies |
| Banking Details | Available for EU and UK accounts | Available for EU, UK, US, etc. |
| Card Type | Physical and virtual cards | Physical and virtual cards |
| Funding Methods | Bank transfers, cards | Bank transfers, cards |
| Transfers | Supported | Supported |
| Exchange Hub | Internal rate | Near-market exchange rate |
| App Platforms | Android / iOS | Android / iOS |
🔍 Feature Overview
- Monese facilitates account opening without needing local residency, appealing to recent arrivals in Europe. Some plans may include fees for specific services.
- Wise allows multi-currency balances and conversions, using exchange rates close to mid-market. It also provides debit card access globally.
💱 Currency Conversion & Transfers
Exchange rates and fees vary by provider. Wise often uses near-market rates with transparent fees, while Monese uses internal rates. Transfer limits and speeds vary according to selected plans and regions.
📊 Fees and Plans
- Each platform offers both free and premium plans.
- Fees depend on currency, region, card type, and optional services.
- Premium features (like priority support or fast transfers) may require paid subscriptions.
🏛 For EU Residents
Both services operate under EU financial regulations, performing identity checks in adherence to AML/KYC rules, particularly at higher transfer thresholds.
📱 User Interface & Support
Apps available in multiple European languages, including real-time notifications, card lock/unlock features, Google/Apple Pay integration, and transaction history tracking.
📝 Summary
Monese and Wise share many multi-currency and international transfer features. Differences lie in exchange rates, currency coverage, regional availability, and fee structures. This comparison is informational and does not endorse any particular product.
