Need your ideas for Monese Bank, UK/EU

[buenosdias]

Recently (this morning), I discovered an online bank named Monese Bank. I was looking for a way to get a UK personal bank account and found the suggestion.

monese.com

It says that any non-resident of UK or EU can start a bank account with them. I think it's a current account. No need for an address in UK or EU. Of course they'll need our passports. But they say that anyone can open an account via online.

They have a monthly fee. £4.95 for UK account & €5-something for EU account.

They offer a MasterCard debit card which we can use. They also offer a mobile app which is sort of like the passbook of the account.

While this can be a legit service such as Payoneer who offer the same thing multiplied by 4 and for free, I think this has some kind of value for people.

What do you think? Can this be the real deal or another shitshow like PayPal?

 

[mrau]

Hi, according to their FAQs, you must be an European Economic Area (EEA) resident in order to open the account.

 

[diablo]

Moese has been discussed on this forum a few times already:

What online bank/wallet to open business account for my company? With unique Iban
List of EMI and Digital Banks
Bitcoin friendly Banks or EMIs

Hope it helps, you may also use Google to search this forum 😀

 

[buenosdias]

@mrau @diablo
Thank you for your responses. Really appreciate them.

 

[Luigi]

According to their description it looks like an UK bank but without UK residence.
I don't know if you are aware of, but in the UK your id is your proof of address, and of course, they accept it only if you are a UK resident. This one seems to be an exception (and that's their marketing).

 

[Milky Moon]

Monese accepts addresses within the EU/EEA. They do not care if you live there, it mail only.

Easy opening, EUR+GB/sort code. App-only. If you need a iban and master card in europe and you just arrived, it the easiest way to get one.

 

[buenosdias]

Milky Moon said:
Monese accepts addresses within the EU/EEA. They do not care if you live there, it mail only.

Easy opening, EUR+GB/sort code. App-only. If you need a iban and master card in europe and you just arrived, it the easiest way to get one.
Click to expand...

But we need a passport for verifying the account. So they'll know if we're EU/EEA citizens or not. Right?

 

[Milky Moon]

They do not care, as long as you reside (so to have your card mailed to you).

 

[Luigi]

Is it Like revolut?