Monzo vs Revolut: what's the best digital bank? [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
But now that over-the-counter services are no longer available in huge swathes of Britain, and after the collapse of customer service at many of the established banks, having a current account with Monzo or Revolut, the two biggest names, is becoming a no-brainer for many of us. But which of Monzo or Revolut (or one of their rivals) should you pick? Telegraph Money weighs up the pros and cons – and reveals which one is our favourite. A history of Monzo and Revolut From a founding team of just over a dozen people in 2015, to a company of around 3,500 today, Monzo was launched with “the mission to make banking better”. The bank, known for its hot coral-coloured debit cards, clinched a coveted banking licence from British regulators in 2016 and now has nine million customers. Rival Revolut isn't actually a bank as it doesn't hold a banking licence (more of what this means later). However, it offers “e-money” services in the form of a pre-paid Visa card – physical or virtual. F
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