Welcome to our guide on Monese Premium benefits! Monese Premium is a top banking option for those in the UK and EEA. It offers many perks and features to improve your digital banking experience. Unlike traditional banks, Monese doesn’t need credit checks or utility bills. This makes it easy to manage your money with its highly rated mobile app.
This article will show you why Monese Premium is better than lower-tier plans. You’ll learn about the many benefits you can get.
Monese has four account types: Simple, Classic, Premium, and Business. The Premium account, at £14.95 a month, offers more. You get higher transaction limits, special features, top-notch customer support, and extra security.
Premium users also get free ATM withdrawals up to £1,500. Plus, they can get up to £1,000 in free cash top-ups each month.
To see how Monese stacks up against other digital banks, check out this guide. Discover the full benefits of Monese Premium and enjoy better banking services.
Monese Premium also offers great purchase protection and travel benefits. You get up to £5,000 per claim and £10,000 a year in purchase protection. Plus, you’re covered for £2,100 in accidents, sickness, and job loss.
What is Monese Premium?
Monese Premium is a top-tier banking service from Monese. It’s designed for today’s digital world. What is Monese exactly? It started in the UK in 2013 by Norris Koppel. He wanted to help people who had trouble opening bank accounts.
In 2015, Monese launched its first product. It aimed to help those without traditional bank accounts. Now, Monese is in 31 countries, serving both personal and business needs.
The Monese Premium plan costs €14.95 a month. It comes with free card delivery, no limits on ATM withdrawals, and the best exchange rates for international transfers. It also supports Apple Pay in some countries like Portugal.
Monese Premium is secure, with a five-digit password and instant card blocking. It also offers insurance for purchases and bill payments. Plus, it has a high rating on Trustpilot, showing happy customers.
Monese is more than just banking. It’s about making money accessible to everyone. It even got €1.1 million from the European Commission for research and innovation.
- Free delivery of the Monese Premium card
- Cost-effective international transfers at interbank rates
- No ATM withdrawal limits
- Access to Apple Pay in certain regions
Monese makes opening accounts easy with just an ID or passport. It offers accounts in GBP, EUR, and RON. Whether for personal or business use, Monese has something for everyone.
| Feature | Monese Premium | Simple Plan | Classic Plan |
|---|---|---|---|
| Monthly Cost | €14.95 | €0 | €4.95 |
| Card Delivery Fee | Free | €4.95 | Free |
| ATM Withdrawal Limit | Unlimited | €200/month | €800/month |
| Currency Exchange Rate | Interbank Rate | +2% | +1% |
| International Transfers | Free | Fee-based | Fee-based |
In summary, Monese Premium offers a lot for digital banking. It’s a great choice for those looking for flexible and robust banking services.
Key Features of Monese Premium
The Monese Premium plan costs £14.95 a month. It comes with many features to improve your banking experience. You get a contactless debit card for quick and safe transactions. 
One big plus is the ability to have accounts in different currencies like GBP, EUR, and RON. You also get instant spending alerts and can top up your account at places like Post Offices. The Monese app works with Apple Pay and Google Pay for easy payments.
Users can link many accounts in the app, making money management easier. The Premium plan also offers free international transfers in 19 currencies. These features show how Monese combines technology with ease of use.
Here’s a look at how Monese Premium compares to other plans:
| Feature | Starter | Classic | Premium |
|---|---|---|---|
| Monthly Fee | £0 | £5.95 | £14.95 |
| ATM Withdrawal Allowance | £200/month | £800/month | £1,500/month |
| International Transfers | 2% fee | 0.5% fee | Free |
| Currency Exchange Fees | 3.5% on weekdays, 4.5% on weekends | 1% on weekdays, 2% on weekends | No fees |
| Multi-Currency Accounts | Yes | Yes | Yes |
| Top-up Fees | £1/ top-up | £1/ top-up | Free |
For more details on Monese plans, see the Monese Plans Overview. To compare Monese with other banks, check out the Monzo Comparison Guide.
Monese Premium stands out as a top choice. It offers a full banking solution that’s easy to use and meets many financial needs.
Benefits and Additional Features of Monese Premium
Monese Premium offers many special features that make banking better. It covers a wide range of needs for its customers. With over 2 million users and $3 billion in transactions, Monese is known for being versatile and valuable.
One key feature is the higher withdrawal limit. Premium users can withdraw money without extra fees, up to £1500/€2500 for free. This means no hidden fees to worry about. Also, replacing cards is free, which saves money and makes things easier.
Compared to Wise, Monese Premium stands out for free international transfers. Premium users can send money abroad up to 200 times a month without paying extra. This is great for people who travel a lot or live abroad.
Monese Premium also offered special insurance packages for health and belongings. These are no longer available, but they showed Monese’s commitment to keeping users safe and happy. These services show Monese’s effort to provide top-notch services.
The premium account also helps users build credit, which is important for improving financial health. It also has lower fees for sending money abroad, making it cheaper to send money worldwide. This is a big plus compared to other banks like N26 and Bunq.
Premium users also get fast customer support. This means their problems are solved quickly and efficiently. This shows Monese’s commitment to excellent service.
- Higher withdrawal limits with the first £1500/€2500 free
- Fee waivers on replacements
- Free international transfers (up to 200 per month with no fees)
- Exclusive insurance packages for health and belongings protection
- Improved credit-building opportunities
- Reduced fees on international transfers
- Priority customer support
| Feature | Monese Premium | Simple Account | Classic Account |
|---|---|---|---|
| Monthly Charge | £14.95/€14.95 | One-time card delivery charge of €4.95 | £5.95/€5.95 |
| Free Cash Withdrawals | £1500/€2500 free | Not available | Available |
| Free International Transfers | Up to 200 per month | Not available | Not available |
| Exclusive Insurance Packages | Available (previously) | Not available | Not available |
| Credit-Building Opportunities | Available | Not available | Not available |
| Priority Customer Support | Available | Not available | Not available |
Guide to Monese Premium: Advantages Over Free and Classic Plans
Monese Premium stands out when compared to the Simple and Classic plans. While the Simple account is free and the Classic costs €4.95 a month, Premium costs €14.95. But it offers more features to justify the higher price.
For example, Premium users get free ATM withdrawals up to €200 a month. They also get free card delivery and no extra fees on international transactions. These perks make Premium worth the extra cost.
Monese Premium excels in international banking. It uses the interbank rate for transfers, saving users money on exchange rates. This feature alone makes Premium a great choice for those who travel or live abroad.
Monese operates in 20 European countries. This makes Premium ideal for frequent travelers and expatriates. It offers a seamless banking experience, unlike other plans.
The 2023 Finder Banking Customer Satisfaction Awards show 74% of Monese customers would recommend their accounts. But Premium offers more features, making it a better choice for those who need more.
Choosing Premium depends on your banking needs. If you do a lot of cash withdrawals and international transfers, Premium’s benefits are valuable. For more details, check out this Monese Premium guide.
This guide helps users make informed decisions. It ensures they pick the right plan for their financial needs.