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Side-by-side comparison
Monzo logo
Monzo
VS
Varo logo
Varo

Monzo vs Varo

Side-by-side comparison of Monzo and Varo — features, fees, supported countries, and ratings.

Highlights

A quick, at-a-glance look at what makes Monzo and Varo stand out.

Monzo logo

Monzo

Neobank
  • Mobile-first banking
  • Personal & business accounts
  • Available in 1 country
  • Rated 4.3 / 5 on Neolista
Varo logo

Varo

Top rated
  • Mobile-first banking
  • Great for personal use
  • Available in 1 country
  • Rated 4.7 / 5 on Neolista
Neolista

Average Neolista Scores

Compare the Neolista scores of Monzo and Varo to the overall average score across all listed providers.

Monzo logo
4.3
VS
Varo logo
4.7
VS

Directory average

4.1

Monzo vs Varo: the full comparison

Our breakdown of how Monzo and Varo compare — and which might suit you best.

Monzo is available in 1 country, while Varo is available in 1 country. Both are popular neobanks, but they take different approaches and suit different needs.

Monzo is best suited to both individuals and businesses. Spend, save and manage your money, all in one place. Open a full UK bank account from your phone, for free. It currently holds a Neolista score of 4.3 out of 5.

By comparison, Varo is geared towards individuals. Get access to personal banking services including no monthly fee checking, high-yield savings, cash advances and more with Varo Bank. It currently holds a Neolista score of 4.7 out of 5.

If Monzo lines up with what you need, it's a strong choice — but it's worth weighing Varo too, especially on availability, fees and the account types each one supports. Use the live details above to pick the option that fits you best.

Where can you use them?

Monzo and Varo aren't available everywhere. Here's where each one currently operates.

Monzo logo

Monzo

Available in 1 country

United Kingdom flag
VS
Varo logo

Varo

Available in 1 country

United States flag

What customers are saying

Recent verified 5-star reviews for Monzo and Varo.

love how flexible it is and able to get a card for my daughter as well

Trustpilot
Karen walker"Monzo" review from Trustpilot

Great all around experience

Trustpilot
Telvin"Varo" review from Trustpilot
Monzo logo

Monzo is great for everyone

Monzo is available for both personal and business customers.

Personal accountsBusiness accounts
Go to Monzo
Varo logo

Varo is great for individuals

Varo offers accounts for personal customers.

Personal accounts
Go to Varo

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