Is Monese or Charity Bank better for your small business?
Below we look at both Monese and Charity Bank 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 vs Charity Bank Trustpilot Reviews
| Monese | Charity Bank | |
| Trustpilot Review Score (out of 5) | 4.3 | 3.3 |
| Percent 5-Star Reviews | 68% | 33% |
| Percent 1- Star Reviews | 17% | 34% |
| Total Number of Reviews | 40,330 | 3 |
https://www.trustpilot.com/review/www.monese.com
https://www.trustpilot.com/review/charitybank.org
Monese vs Charity Bank App Reviews
| Monese | Charity Bank | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 68,100 | No Reviews |
| Android Review Score (out of 5) | 4.5 | No Rating |
| Number of Android Reviews | 101,000 | No Reviews |
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
https://www.apple.com/uk/app-store/
Monese vs Charity Bank Account Fees & Charges
| Monese | Charity Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £5.95 | Free |
| Most Expensive Monthly Account Fee | £14.95 | Free |
| Electronic Payment Cost (in/out) | Free | No |
| Cash Payments Cost (in/out) | 3.5% / 2% | Free |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | No | £10 |
| SEPA Payments Cost | No | 20p |
Monese vs Charity Bank Business Savings Rates
| Monese | Charity Bank | |
| Types of Business Savings Accounts | None | CITR accounts, Easy Access, Notice Accounts, Fixed Account |
| Lowest Savings Rate (AER) | NA | 2.02% |
| Maximum Savings Rate (AER) | NA | 4.51% |
| Minimum Savings Amount | NA | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Monese vs Charity Bank Account Opening Times
| Monese | Charity Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | Undisclosed |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Monese vs Charity Bank Features & Account Types
| Monese | Charity Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | Tonbridge |
Monese vs Charity Bank Customer Support Options
| Monese | Charity Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Monese vs Charity Bank Foreign Currency Accounts
| Monese | Charity Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Monese and Charity Bank
| Monese | Charity Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Monese vs Charity Bank Banking Basics
| Monese | Charity Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900960 | 207701 |
| Website | Monese Website | Charity Bank Website |
Common Comparison Questions
Does Monese or Charity Bank 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, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Monese or Charity Bank 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, Charity Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Monese or Charity Bank 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, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).
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For other business bank accounts see our guide here.