Is Monzo or 3S Money better for your small business?
Below we look at both Monzo and 3S Money 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.
Monzo vs 3S Money Trustpilot Reviews
| Monzo | 3S Money | |
| Trustpilot Review Score (out of 5) | 3.9 | 4.7 |
| Percent 5-Star Reviews | 77% | 93% |
| Percent 1- Star Reviews | 14% | 5% |
| Total Number of Reviews | 30,333 | 730 |
https://www.trustpilot.com/review/www.monzo.com
https://www.trustpilot.com/review/3s.money
Monzo vs 3S Money App Reviews
| Monzo | 3S Money | |
| iPhone Review Score (out of 5) | 4.9 | No Rating |
| Number of iPhone Reviews | 189,000 | No Reviews |
| Android Review Score (out of 5) | 4.7 | No Rating |
| Number of Android Reviews | 125,000 | No Reviews |
https://apps.apple.com/gb/app/monzo-bank-mobile-banking/id1052238659
https://www.apple.com/uk/app-store/
Monzo vs 3S Money Account Fees & Charges
| Monzo | 3S Money | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | No | $100 |
| Most Expensive Monthly Account Fee | £5 | $100 |
| Electronic Payment Cost (in/out) | Free | Free + 60p |
| Cash Payments Cost (in/out) | £1 | Free |
| Cheques (in/out) | Unknown | £1 |
| CHAPS Payments Cost | £20 | £20 |
| SEPA Payments Cost | No | €1 |
Monzo vs 3S Money Business Savings Rates
| Monzo | 3S Money | |
| Types of Business Savings Accounts | Instant Access Savings Pot | None |
| Lowest Savings Rate (AER) | 1.60% | NA |
| Maximum Savings Rate (AER) | 1.60% | NA |
| Minimum Savings Amount | No | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Monzo vs 3S Money Account Opening Times
| Monzo | 3S Money | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 8 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Monzo vs 3S Money Features & Account Types
| Monzo | 3S Money | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | 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 | None, online only |
Monzo vs 3S Money Customer Support Options
| Monzo | 3S Money | |
| 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 |
Monzo vs 3S Money Foreign Currency Accounts
| Monzo | 3S Money | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Monzo and 3S Money
| Monzo | 3S Money | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | Yes |
Monzo vs 3S Money Banking Basics
| Monzo | 3S Money | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 730427 | 900918 |
| Website | Monzo Website | 3S Money Website |
Common Comparison Questions
Does Monzo or 3S Money have better customer reviews?
Monzo scores 3.9 out of 5 based 30,333 Trustpilot reviews. Of these reviews 77% are 5-star and 14% are 1-star.
Whereas, 3S Money scores 4.7 out of 5 based 730 Trustpilot reviews. Of which 93% are 5-star and 5% are 1-star.
Does Monzo or 3S Money have a better App?
Monzo’s iPhone App is rated 4.9 out of 5 based on 189,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 125,000 reviews.
In comparison, 3S Money’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 Monzo or 3S Money have better business savings rates?
Monzo offers the following types of business savings accounts: Instant Access Savings Pot with interest rates ranging from 1.60% to 1.60%. (AER)
In contrast, 3S Money offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Monzo vs MultiPass
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For other business bank accounts see our guide here.