Travel · Card comparison
Monzo Card vs Wise Card
UK travellers comparing Monzo and Wise
Monzo Card
Forex fee
None
ATM fee
3%
Score
8.2/10
Wise CardWinner
Forex fee
None
ATM fee
Free*
Score
9.2/10
Wise Card wins — UK travellers comparing Monzo and Wise
Category
Monzo Card
Wise Card
Forex fee
None
None
Exchange rate
Mastercard rate
True mid-market
ATM free tier
£200/month abroad
£200/month
Multi-currency
GBP primary
40+ currencies
Current account
Yes (full UK bank)
E-money account
FSCS protection
Yes (£85k)
No (safeguarded)
Verdict
Wise wins on exchange rates (true mid-market vs Mastercard rate) and multi-currency flexibility. Monzo wins as a full current account with FSCS protection. For travel-specific spending, Wise edges ahead. For everyday banking plus travel, Monzo is more versatile.
Frequently asked questions
Monzo Card
UK digital bank with no foreign transaction fees — ATM use limited to £200/month on the free plan.
Forex feeNone
ATM3%
MonthlyFree (basic) / £5 (Plus) / £15 (Premium)
Score8.2/10
Winner
Wise Card
Mid-market rate with transparent fees — one of the lowest true costs for spending abroad.
Forex feeNone
ATMFree*
MonthlyFree (one-time £7 delivery fee)
Score9.2/10