Monese and MultiPass both offer a range of business banking options. But which is better?
Below we compare Monese vs MultiPass on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
Monese vs MultiPass Business Savings Accounts Comparison
| Monese | MultiPass | |
| Types of Savings Accounts | NA | NA |
| Lowest Savings Rate | NA | NA |
| Maximum Savings Rate | NA | NA |
| Minimum Investment Amount | NA | NA |
| Website | Monese Website | MultiPass Website |
- Earn 2.25%-3.51% AER.
- Interest paid daily on both work and non-work days
- Add or withdraw money with zero restrictions 24/7
- Earn 3.55% AER (variable)
- Instant access to your money when needed
- No limits or fees on withdrawals
- Earn 3.66% – 4.51% AER.
- Offers a choice of easy access or fixed-term accounts.
- Average independent review score of 4.7 out of 5.
Monese vs MultiPass Free Business Bank Accounts
Below we look at the free business bank account options Monese and MultiPass each offer.
Monese | MultiPass | |
| Free Business Bank Account? | No | No |
| Free Business Account Term Length | NA | NA |
- Free version available forever
- Hold and exchange 25+ currencies
- IBANs for Global Transfers
- Ability to invest through your account
- Mobile business account, accessible online and on desktop 24/7
- No Monthly Fee
- 24/7 Online banking & Bank app
- Friendly UK phone support
- Xero, Quickbooks & Sage accounting software integration
- FSCS Protected up to £85k
- Basic account is free forever
- Up to £150,000 of credit, straight through the app
- Business Mastercard, with free purchases at home and abroad
- Trusted by 500,000+ UK businesses
- FSCS protected up to £85,000 via Clearbank
Monese vs MultiPass Fees & Pricing
Monese | MultiPass | |
| Cheapest Monthly Account Fee | £5.95 | £23 |
| Most Expensive Monthly Account Fee | £14.95 | £23 |
| Electronic Payments (in/out) | free | free |
| Cash Payments (in/out) | 0.035 | Free/£1 per £100 |
| Cheques (in/out) | free | Free |
| Debit Card Payments | Yes | No |
| CHAPS Payments | £2.50 | £18 |
| SEPA Payments | free | 1 |
Monese vs MultiPass Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions Monese and MultiPass offer.
| Monese | MultiPass | |
| Current Account Switch Service | Yes | No |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | No |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Business Loans | No | No |
| Commercial Mortgages | No | No |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In person/Branch Banking | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Services | No | Yes |
| Free Accouting Software | No | No |
Monese vs MultiPass Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| Monese | MultiPass | |
| US Dollar (USD) Bank Account | Yes | Yes |
| Euro (EUR) Bank Account | Yes | Yes |
| Other Currencies Available | EUR (Euro), USD (United States Dollar), AUD (Australian Dollar), CAD (Canadian Dollar), CHF (Swiss Franc), DKK (Danish Krone), NOK (Norwegian Krone), SEK (Swedish Krona), | AZN, BRL, BYN, BGN, HRK, HUF, ILS, INR, KZT, KRW, LAK, LTL, MXN, MYR, NOK, PHP, PLN, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR |
Monese vs MultiPass User Reviews
| Monese | MultiPass | |
| Trustpilot Score (out of 5) | 4.2 | 4.1 |
| Number of Trustpilot Reviews | 36438 | 58 |
| iPhone App Score | 4.7 | No Iphone App |
| Number iPhone of Reviews | 1.9K | NA |
| Android App Score | 4.2 | No Android App |
| Number of Android App Reviews | 97.7K | NA |
Monese vs MultiPass Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| Monese | MultiPass | |
| Overall Service Quality Ranking | Not Rated | Not Rated |
| Overall Service Quality Score | Not Rated | Not Rated |
| Online And Mobile Banking Services Ranking | Not Rated | Not Rated |
| Online And Mobile Banking Services Score | Not Rated | Not Rated |
| SME overdraft and loan services Ranking | Not Rated | Not Rated |
| SME overdraft and loan services Score | Not Rated | Not Rated |
| Relationship/account management Ranking | Not Rated | Not Rated |
| Relationship/account management Score | Not Rated | Not Rated |
| Service in branches and business centres Ranking | Not Rated | Not Rated |
| Service in branches and business centres Score | Not Rated | Not Rated |
Monese vs MultiPass Overview
Here is some other key data about each bank.
| Monese | MultiPass | |
| FSCS Protection | No | No |
| Market Share | 0.20% | 0.10% |
| Bank Type | Challenger | Challenger |
| Total Assets | £16825.357 billion GBP | £0.125 billion GBP |
| Swift/BIC Code | MNEEBEB2XXX | DYPYGB3LXXX |
| FCA Number | 913549 | 900840 |
| Company Number | 8720992 | 8479722 |
| Business Customer Phone Number | 44 1706 304 001 | 44 20 3519 1373 |
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