Choose Chase if...
- You want cashback on eligible spending.
- You like simple savings organisation.
- You want a polished app with no monthly fee.
- You do not need overdrafts, loans or business banking from the same account.
Digital bank comparison
Chase UK vs Monese
Chase UK and Monese can both be useful digital banking options, but they are built for different priorities. Chase may suit you if cashback, savings organisation and a clean everyday app matters most, while Monese may be worth comparing if you prefer multi-currency app accounts and easier account access.
Evidence reviewed 3 September 2026
Chase
MoneseWhere Chase may fit
Pick Chase if you want cashback on eligible spending. For spending abroad, Chase: strong: no Chase foreign transaction fee for debit card spending abroad.
Where Monese may fit
Pick Monese if you want app-based money access without a traditional bank setup. For spending abroad, Monese: useful for multi-currency features, subject to plan fees and limits.
Comparison context
What this comparison is for
When this page is useful
Use this comparison if you are deciding whether Chase or Monese better fits a specific banking need. Chase is positioned around a simple everyday account with cashback and savings organisation, while Monese is positioned around an app-based money account with multi-currency access and safeguarding rather than standard FSCS bank-account protection.
The main difference
Chase is known for cashback on eligible spending, linked savings and a polished fee-free account. Monese is known for app-based GBP and euro money accounts, international features and account access for people who may not fit standard bank criteria. On deposit protection, Chase: eligible deposits protected by FSCS up to the current UK limit. Monese: monese is not a standard FSCS-protected UK bank account; customer funds are generally safeguarded. Check the table below against the features you actually need before treating either provider as the better fit.
Choose Monese if...
- You want app-based money access without a traditional bank setup.
- You use GBP and euro account features.
- You understand safeguarding differs from FSCS protection.
- You want international app-account features.
Chase vs Monese: side-by-side
| Category | Chase | Monese | Edge |
|---|---|---|---|
| Overall fit | Cashback, savings organisation and a clean everyday app | Multi-currency app accounts and easier account access | Tie |
| Monthly fee | No monthly fee on the current account. | Free plan may be available, with optional paid plans. | Tie |
| Budgeting tools | Good: multiple saver accounts, round-ups and spending insights. | Basic to good: spending visibility and app controls, but fewer advanced budgeting tools than Monzo. | Tie |
| Spending abroad | Strong: no Chase foreign transaction fee for debit card spending abroad. | Useful for multi-currency features, subject to plan fees and limits. | Tie |
| Deposit protection | Eligible deposits protected by FSCS up to the current UK limit. | Monese is not a standard FSCS-protected UK bank account; customer funds are generally safeguarded. | Tie |
| Support | In-app customer support. | Digital support through app and help channels. | Tie |
| Business banking | No UK business account currently offered. | Business account availability and features should be checked directly with Monese. | Tie |
| Extra products | Cashback, saver accounts, round-ups and investment access through J.P. Morgan. | Multi-currency accounts, international transfers and paid plan features may be available. | Tie |
Final verdict
Chase and Monese are worth comparing side by side. The better fit depends on whether you care more about cashback, savings organisation and a clean everyday app or multi-currency app accounts and easier account access. On monthly fees, Chase: no monthly fee on the current account. Monese: free plan may be available, with optional paid plans.
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