Monzo vs MyFin
Both Monzo and MyFin clear the checkouts our readers ask about most. Here is where the two part ways on fees and verification.
Both issue on Visa · Mastercard; verification is ID + proof at Monzo versus ID only at MyFin.
Monzo is the more cost-effective option for everyday spending and travel thanks to its free virtual cards, no monthly fee. MyFin still clears the same checkouts in our tests, so match the table to the services you actually pay for.
The head to head
| Field | Monzo | MyFin |
|---|---|---|
| Card network | Visa/Mastercard | Visa, Mastercard |
| Card type | Digital Bank / Neobank | Digital Bank / Neobank |
| KYC | ID + proof | ID only |
| Card issuance fee | Free (with Monzo account) | Free |
| Monthly fee | Free (standard account) | Free (Standard); Advanced ~€5.14; Premium ~€10.23/€10 per mo |
| Top-up fee | — | — |
| FX fee | No FX fees | 0% |
| Crypto funding | No | — |
| AI tool support | — | — |
| Risk level | Low-Medium | Low-Medium |
| Our rating | 8.3 | 8.8 |
| User reviews | 407 | 376 |
| Best for | App Store / Play · Free issuance | App Store / Play · Free issuance |
A green left edge marks the side that holds the advantage on that row, where the data gives one.
Where they split
- MyFin has the lighter onboarding; Monzo will want more documents from you.
- MyFin edged Monzo on our composite rating across fees, risk and merchant tests.
What sets them apart
Both cards clear the same checkouts in our tests, so the call comes down to cost. Monzo is cheaper on issuance (free) and top-ups (no top-up fee), while MyFin is worth the premium only for the rows where it leads in the table.
Questions people ask
That depends on what you spend on. Monzo scores 8.3/10 against MyFin's 8.8/10 in our tests, but the two split on fees, KYC and crypto funding. Read the table above, then match it to the checkouts you actually run.
Monzo is the cheaper card to run. Both Monzo and MyFin issue virtual cards for free.
Monzo asks for ID + proof at signup; MyFin asks for ID only. If a light sign-up is the priority, the one with the lower KYC label is the faster route.
Both show up in 3 of the same test scenarios, including Contabo, Minecraft Store, Skype Credit. They overlap on a good share of checkouts, so the choice between them matters most on those pages. Where one is accepted and the other is not usually comes down to the billing country and 3-D Secure handling.
Where both show up
Monzo and MyFin both landed in our top picks for 3 checkouts. Grouped by category so you can jump straight to the one you actually pay for:
🌐 Cloud & VPS 1
🎮 Gaming 1
🧳 Travel & Productivity 1
Their BIN ranges
Cards issued in 🇬🇧 UK · 🇪🇺 Europe (EEA) — the country guides group every range we track from there.
What our charge log shows
Every count here is a real charge attempt we placed on that range, renewals included, with the gateway response recorded. Weeks tracked is how long the range has been in the programme: