Meet the Monese, the London-based fintech startup that offers a mobile banking app and the current account: Sign-up only takes a few seconds. Find out more about this fintech and how to get a Monese card below.

If you’re at least 18 years old, have an EEA address, and have a passport/national ID, you can open a UK banking account with Monese, regardless of your financial history.

• no more hard-copy documents 
• no more outdated technology
• no more credit reference agency checks
• no more red tape bureaucracy
• no transaction caps (once ID verified)
• no minimum balance

Monese is fully authorized and regulated by the UK Financial Conduct Authority (FCA) as an “Electronic Money Institution”  … but it’s not a bank.

This means that, unlike banks, Monese:

• isn’t allowed to reinvest your money
• isn’t allowed to provide overdrafts or loan facilities
• doesn’t pay interest on your balance

Monese places your money in:

• safe-guarded, ring-fenced, stable European bank accounts – you’ll always get 100% of your money back in the unlikely event that Monese collapses.
• covered by the Financial Services Compensation Scheme (FSCS) – as eligible via Monese’s UK banking partners, up to the compensation limit

Monese monthly fee of £4.95 includes (there are free accounts too):

• Monese UK current account, account number, and sort code (for now just private)
• contactless Visa debit card
• receiving a salary or other payments into your Monese account
• topping up with cash
• UK bank transfers
• global ATM withdrawals and global card payments online and instore
• real-time notifications of spending and money paid in
• real-time payments to other Monese accounts

Unlike most traditional banks, there are no hidden fees—which is typically the basis for being able to offer “free” banking—for things like going overdrawn, having a payment bounce, or even overdraft control fees that see you pay for not being able to spend money that you don’t actually have. You may enjoy the free trial.

Customer service is fast and professional, and the app is very efficient and easy to use.

Its fully-featured banking account comes with cheap global payments and a contactless debit card. Monese and Monese card has a real chance to make a difference to many lives by democratizing access to modern banking services.

Use code SANDR721  to get a free £15 reward when opening a Monese account.