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Monese VS Airwallex: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Monese or Airwallex better for your small business?



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Below we look at both Monese and Airwallex reviews on Trustpilot along with their App reviews from Apple and Google.

We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.

Monese Homepage
Monese Homepage


Airwallex Homepage
Airwallex Homepage
 

Monese vs Airwallex Trustpilot Reviews

MoneseAirwallex
Trustpilot Review Score (out of 5)4.33.9
Percent 5-Star Reviews68%67%
Percent 1- Star Reviews17%25%
Total Number of Reviews40,3301,007
Sources:
https://www.trustpilot.com/review/www.monese.com
https://www.trustpilot.com/review/airwallex.com

Monese vs Airwallex App Reviews

MoneseAirwallex
iPhone Review Score (out of 5)4.83.3
Number of iPhone Reviews68,10012
Android Review Score (out of 5)4.52.3
Number of Android Reviews101,000161
Sources:
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
https://apps.apple.com/gb/app/airwallex/id1537521807

Monese vs Airwallex Account Fees & Charges

MoneseAirwallex
Free Business Bank AccountNoYes
Free Business Account Term LengthNA1 month
Cheapest Monthly Account Fee£5.95Free or £19/month
Most Expensive Monthly Account Fee£14.95£999/month
Electronic Payment Cost (in/out)Free20p
Cash Payments Cost (in/out)3.5% / 2%Free
Cheques (in/out)FreeFree
CHAPS Payments CostNoNo
SEPA Payments CostNo$2

Monese vs Airwallex Business Savings Rates

MoneseAirwallex
Types of Business Savings AccountsNoneNone
Lowest Savings Rate (AER)NANA
Maximum Savings Rate (AER)NANA
Minimum Savings AmountNANA
Interest Paid On Foreign CurrenciesYesYes
 

Monese vs Airwallex Account Opening Times

MoneseAirwallex
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
1 day15 minutes
Do They Check Your Credit?NoNo
Current Account Switch ServiceYesNo

Monese vs Airwallex Features & Account Types

Monese Account Types
Monese Features & Account Types


Airwallex Account Types
Airwallex Features & Account Types


MoneseAirwallex
Business Current AccountYesYes
Business Savings AccountNoNo
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesNo
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyNone, online only

Monese vs Airwallex Customer Support Options

MoneseAirwallex
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Monese vs Airwallex Foreign Currency Accounts

MoneseAirwallex
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • EUR (Euro)
  • USD (United States Dollar)
  • AUD (Australian Dollar)
  • CAD (Canadian Dollar)
  • CHF (Swiss Franc)
  • DKK (Danish Krone)
  • NOK (Norwegian Krone)
  • SEK (Swedish Krona)
  • AUD
  • NZD
  • CAD
  • HKD
  • SGD
  • JPY
  • CHF
  • KRW

Other Business Services From Monese and Airwallex

Monese Account Types
Other Monese Services


Airwallex Account Types
Other Airwallex Services


MoneseAirwallex
Business LoansNoNo
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesNoNo
Free Accounting SoftwareNoNo

Monese vs Airwallex Banking Basics

MoneseAirwallex
Bank TypeChallengerChallenger
FSCS ProtectionNoNo
FCA Number900960900876
WebsiteMonese WebsiteAirwallex Website

Common Comparison Questions

Does Monese or Airwallex have better customer reviews?

Monese scores 4.3 out of 5 based 40,330 Trustpilot reviews. Of these reviews 68% are 5-star and 17% are 1-star.

Whereas, Airwallex scores 3.9 out of 5 based 1,007 Trustpilot reviews. Of which 67% are 5-star and 25% are 1-star.

Does Monese or Airwallex have a better App?

Monese’s iPhone App is rated 4.8 out of 5 based on 68,100 reviews. And it’s Android App is rated 4.5 out of 5 based on 101,000 reviews.

In comparison, Airwallex’s iPhone App is rated 3.3 out of 5 based on 12 reviews. And it’s Android App is rated 2.3 out of 5 based on 161 reviews.

Does Monese or Airwallex have better business savings rates?

Monese offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, Airwallex offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Monese vs Triodos Bank
Monese vs Soldo
Monese vs Cambridge Building Society
Monese vs PayPal Debit
Monese vs Allica Bank


For other business bank accounts see our guide here.

 



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