European alternatives to Monzo
UK digital bank with a bright coral card and a highly rated app.
About Monzo
- Company
- Monzo Bank Ltd
- HQ
- United Kingdom
- Zone
- Europe
Key concerns
No major concerns identified.
N26
86 · Strongly EuropeanGerman neobank with a full banking licence from BaFin, operating across 23 European countries. Founded in Berlin in 2013, converted to a pan-European Societas Europaea (SE) in January 2025, and fully focused on Europe after exiting the US in 2021.
bunq
83 · Strongly EuropeanDutch mobile bank focused on sustainability. Plant trees with every payment. Full EU banking licence, no hidden fees.
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Why switch away from Monzo?
CLOUD Act
Allows US authorities to compel American companies to hand over data stored anywhere in the world.
FISA Section 702
Permits mass surveillance of non-US persons' data held by US tech providers, without a warrant.
GDPR vs US law
Transferring personal data to US companies may conflict with EU data protection rules under GDPR.