Monese – A UK payment account for people in Ireland

Monese is a UK based digital payment company that gives people living in Ireland the ability to have a UK account, with an account number and sort code, in GBP Pounds Sterling.

Monese accounts are not full bank accounts – but their account numbers are treated like any normal bank account for receiving payments in Sterling.

Monese is currently available to anyone living in Ireland or anywhere else within the European Economic Area (EEA).
They have almost 1 million customers and carry out $3 billion of transactions a year.

Monese is one of a growing number of “challenger” banks that only operate online . Two other popular ones in Ireland are N26 and Revolut .
Read more about N26 and Revolut here.

There are many thousands of people in Ireland who have regular financial transactions with UK banks or companies. So for them – having a UK bank account when living in Ireland can make things easier – such as paying UK bills by direct debit or accepting UK salary , rental or pension payments. Monese is an easy and cheap way to get access to a UK bank account from Ireland. Spending in Sterling from the Sterling balance on your Monese account will not incur any fees. If you need to transfer the Sterling back to Euros in Ireland – you should read our article on Sending Money From Ireland to UK

There are 3 different levels of account with Monese

  • SIMPLE account has no monthly fees (A one-off €4.95 card delivery charge.)
  • Classic Account ( £5.95 or €5.95 per calendar month) (dependant on whether you choose to run the UK or Euro account as your primary account)
  • Premium Account which is £14.95 or €14.95 per month.
Comparison of Monese AccountsSimple AccountClassic AccountPremium Account
Monthly FeeFree€5.95€14.95
ATM Cash (Anywhere)First €200 a month is free then 2% feeFirst €800 a month is free then 2% feeFree
Apple Pay /
Google Pay
Foreign Spending
on Debit Card
(Uses Mastercard exchange rate)
First €2000 a month is free then 2% fee.First €8000 a month is free then 2% feeAll Free
Direct Debits (Uk and Eu)FreeFreeFree
International Transfers (Uses wholesale exchange rate)2% (min €2)0.5% (Min €2)Free
Daily Debit Card
Spending Limit
Maximum card transaction .€4000€4000€4000
Max Balance€50,000€50,000€50,000
Card Delvery
Joint Accounts ?YesYesYes

You will need a smartphone to operate a Monese account

Monese is a registered agent of PrePay Technologies Limited and is authorised by the UK Financial Conduct Authority as an electronic money institution under the Electronic Money Regulations 2011

Read about other digital banks and payment apps available in Ireland on our Comparison of Revolut Vs N26

Bunq Travel Card is another app based payment card with low fees.

If you are not bothered about receiving payments in Sterling but you are looking for a payment card available in Ireland that has no fees on foreign spending and no limits on spending – you should also read our review of the Bunq travel card