Is Monzo or Starling Bank better for your small business?
Below we look at both Monzo and Starling 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.
Monzo vs Starling Bank Trustpilot Reviews
| Monzo | Starling Bank | |
| Trustpilot Review Score (out of 5) | 3.9 | 4.3 |
| Percent 5-Star Reviews | 77% | 76% |
| Percent 1- Star Reviews | 14% | 11% |
| Total Number of Reviews | 30,333 | 38,869 |
https://www.trustpilot.com/review/www.monzo.com
https://www.trustpilot.com/review/starlingbank.com
Monzo vs Starling Bank App Reviews
| Monzo | Starling Bank | |
| iPhone Review Score (out of 5) | 4.9 | 4.9 |
| Number of iPhone Reviews | 189,000 | 477,500 |
| Android Review Score (out of 5) | 4.7 | 4.5 |
| Number of Android Reviews | 125,000 | 114,000 |
https://apps.apple.com/gb/app/monzo-bank-mobile-banking/id1052238659
https://apps.apple.com/gb/app/starling-bank-mobile-banking/id956806430
Monzo vs Starling Bank Account Fees & Charges
| Monzo | Starling Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | No Limit |
| Cheapest Monthly Account Fee | No | No |
| Most Expensive Monthly Account Fee | £5 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1 | 0.70% |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £20 | £20 |
| SEPA Payments Cost | No | No |
Monzo vs Starling Bank Business Savings Rates
| Monzo | Starling Bank | |
| 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 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Monzo vs Starling Bank Account Opening Times
| Monzo | Starling Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 8 Working days | 1 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Monzo vs Starling Bank Features & Account Types
| Monzo | Starling Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| 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 | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | None, but can use post office locations for some services |
Monzo vs Starling Bank Customer Support Options
| Monzo | Starling Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | Yes |
Monzo vs Starling Bank Foreign Currency Accounts
| Monzo | Starling Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Monzo and Starling Bank
| Monzo | Starling Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Monzo vs Starling Bank Banking Basics
| Monzo | Starling Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 730427 | 730166 |
| Website | Monzo Website | Starling Bank Website |
Common Comparison Questions
Does Monzo or Starling Bank 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, Starling Bank scores 4.3 out of 5 based 38,869 Trustpilot reviews. Of which 76% are 5-star and 11% are 1-star.
Does Monzo or Starling Bank 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, Starling Bank’s iPhone App is rated 4.9 out of 5 based on 477,500 reviews. And it’s Android App is rated 4.5 out of 5 based on 114,000 reviews.
Does Monzo or Starling Bank 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, Starling Bank offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.