Monese – A Sterling Account for Irish Residents.

There are many thousands of people in Ireland who have regular financial transactions with UK banks or companies. Having a UK bank account when living in Ireland can make things easier – such as paying UK bills or accepting UK salary , rental or pension payments etc.
Monese is an easy and cheap way to get access to a UK bank account from Ireland.

Monese is a UK based digital payment company that gives people living in Ireland the ability to have a UK Sterling 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 UK 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.

Topping up of a Monese account can be done by debit card or bank transfer. A GBP Monese account can also be topped up with small amounts of cash at UK post offices. (fees and limits may apply – see table below)

Direct debits were possible on the UK account , but they will no longer be possible for Irish residents from Jan 1st 2021.

Spending in Sterling from the Sterling balance on your Monese account will not incur any fees.


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 – :- charge currency is 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.

Summary of Monese Account Fees and Limits

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% fee All 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 can visit the Monese website and sign up for free.

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 .
Because of Brexit , Euro accounts will be operated by PPS EU SA – which is an E-Money institution based in Brussels, authorised by the National Bank of Belgium.

If you need to transfer large amounts of Sterling to Euros in Ireland – you should read our article on Sending Money From Ireland to UK

Alternative to Monese

Transferwise is another multi currency account that comes with a debit card. There are no monthly fees. The borderless account can be used to accept bank transfers in Sterling , Euros, US Dollars AUS Dollars and NZ Dollars. You can exchange currencies at good exchange rates and low transparent fees. You can use the debit card to spend in different currencies. Find out more at Transferwise

Who Can Open a Monsese Account?

Monses can be used by anyone who’s at least 18 years old and a resident of the European Economic Area (EEA).

If you live in one of these countries, you can open an account withMonese:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

To open a RON account, you need to either live in Romania or have Romanian citizenship,