European alternatives to Monzo
A UK app-only challenger bank known for its slick spending features and coral cards. A privately-held UK company on AWS, so it's UK GDPR rather than EU, and its data lives on US-owned cloud.
Company information about Monzo
- Company
- Monzo Bank Ltd
- Headquarters
- London, United Kingdom
- Founded
- 2015
- Data jurisdiction
- United Kingdom
- Ownership
- Privately held
- GDPR
- Yes
- Open source
- No
- Infrastructure
- Amazon AWS
Why people switch away from Monzo
European alternatives to Monzo
German 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.
Dutch mobile bank focused on sustainability. Plant trees with every payment. Full EU banking licence, no hidden fees.
Want more options? Browse all European Payments & banking alternatives →
People also replace
Revolut 
PayPal 
Visa 
Mastercard 
American Express Start somewhere.
Switching everything overnight is not realistic. Start where it matters most: your email, your cloud storage, your business tools. Replace one thing at a time.
The European Alternative already exists.
Pick Europe.
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.