Monzo
8.1#1 in digital wallet appsFrom £3 a monthFree planAndroidiOSWebAPI
VisitMonzo vs Qapital
What both publish
| Fact | Monzo | Qapital |
|---|---|---|
| Budgeting | Salary Sorter divides income into separate Pots for bills, spending and other budgeting needs. | Users can split portions of their paycheck among expenses, savings, investments, and spending, and can adjust settings or pause deposits. |
| Headquarters | Monzo describes its main base as London near Liverpool Street, with an office in Cardiff and staff working globally. | New York, NY, United States |
| Security | Monzo says it is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA, with eligible deposits protected by FSCS up to £120,000 per person. | Qapital says it uses SSL and TLS encryption, multi-factor authentication, regular server vulnerability scans, and identity protections including passcode and fingerprint access. |
Monzo plans
- Business LiteFree
- FreeFree
- MonzoFree
- Extra£3 a month
- Perks£9 a month
- Business Pro£9 a month
Qapital plans
- Basic$3 a month
- Complete$8 a month
- Premier$12 a month
Pick Monzo if…
Monzo suits UK residents seeking a current account with app tools for budgeting, saving, travel spending or investing. Plan conditions and rates vary by account or subscription.
Pick Qapital if…
Qapital suits people who want savings goals, automated contributions, budgeting, and investment planning in one mobile app. Dream Team may suit partners who want shared goals with control over what financial details they share.