myTU – Mobile Banking vs Monzo - Mobile Banking Usage & Stats

myTU is a versatile mobile banking app designed for convenience, speed, and security for both personal and business use. Our highly secure, purpose-driven mobile banking platform offers feature-rich solutions for your everyday banking needs. Registering for myTU is free, and you can easily order a debit card. We only charge a monthly fee when you order a debit card. For detailed pricing information, please visit mytu.co Who can use myTU? - Individuals - Businesses - Kids aged 7+ Benefits: - Obtain a European IBAN within minutes. - It's easy to create a myTU account without going anywhere. All you need is your ID/Passport for legal verification and for kids, a birth certificate is required additionally. - Make payments, receive payments, and save money in just a few taps. With SEPA Instant transfers, fund transfers take place instantly without any transaction fees. myTU Visa Debit Card: - Make payments easily with the contactless Visa debit card. It comes in two elegant colours – pick your preferred colour and order it in the app straight to your home. - Access ATMs worldwide for free cash withdrawals up to €200 per month or twice a month. - When you travel overseas, you can easily withdraw cash or pay for goods and services without any commissions. - myTU Visa debit card is the perfect travel companion saving you hundreds of euros in commissions. - Our Visa debit card features robust security. If your card is lost, lock it instantly in the app for added safety, and unlock it with a single tap. Made for Kids: - Every child who signs up on myTU gets a 10€ gift from us. - Kids aged 7 and above can start using myTU. myTU for Kids help parents and children manage money easily – making sending pocket money really easy for parents. - Kids receive their stylish payment card. - Parents can track kids' spending with instant notifications. For Businesses: - myTU for Business offers not only mobile banking but also internet banking functionalities, ensuring you can manage your money on the go. - Instant SEPA transaction settlements make a business banking account at myTU the ideal choice for many businesses. - Get paid quickly and send money transfers promptly without the bureaucracy of traditional banks, and at lower fees. myTU is available in all EU/EEA countries. Accounts can be opened for citizens of EU/EEA. If you're a temporary residence permit holder, it is possible to create an account with myTU by providing proof of the necessary documents for legal requirements. myTU is a licensed Electronic Money Institution (EMI) registered with the Bank of Lithuania. Customers' deposits are held securely in the central bank. So you can rest assured that your money is safe.

Google Play Store
Free
Finance

Usage Rank

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Monzo - Mobile Banking

Monzo is an award-winning mobile banking app that helps you save towards your goals, spend confidently, and manage your money in one place—all without any fees. Open a personal or joint checking account in just a few minutes. Earn $15 for you and your friend when you invite them to Monzo. Terms apply. WHY OVER 10 MILLION CUSTOMERS LOVE MONZO 🚫 Say goodbye to fees. No account fees, overdraft fees, or foreign transaction fees. 🌱 Earn up to 3.75% APY with our no catch instant access savings. 💸 Get paid early with a qualifying direct deposit**. 🏦 Connect all of your accounts and cards for an all-in-one view of your finances. ⚡️Instant access to cash with our network of nearly 40,000 free ATMs across the US. 🏆 Our award-winning support team is here to help 24/7. 🛡️ With Monzo, your money is insured up to $250,000 through our partner Sutton Bank, Member FDIC.¹ UNDERSTAND YOUR SPENDING HABITS Real-time notifications each time you spend on your debit card. Get money saving insights across all your bank accounts and credit cards. Set a target for how much you want to spend and we’ll help you stay on track. REACH YOUR SAVINGS GOALS Earn up to 4.25% APY on your savings, with a rate more than 9x the national average.* Set aside money for trips, bills, emergency funds, and more in a Savings Jar. Set a goal on a Jar and we’ll show you your progress as you save. Tell us what date you want to reach your goal by, and we’ll work out the regular deposit needed. Automatically contribute a portion of your paycheck towards your goals. Turn your spare change into savings with automatic roundups. SERIOUSLY SECURE With Monzo, your money is insured up to $250,000 through our partner Sutton Bank, Member FDIC.¹ Anti-fraud systems that make sure your money is safe, without adding friction for you. Protect your money with Touch ID, Face ID, and PIN. _______________________________________________ *The national average interest rate for savings accounts as posted on FDIC.gov, as of June 17, 2024. **A qualifying direct deposit is: an ACH deposit of $250 or more to your Monzo account; or deposit is made by your employer or payroll provider for payroll or pension payments; Or by a government agency for benefit payments (e.g., Social Security) Monzo’s Savings Jar Annual Percentage Yield (APY) is as of July 29, 2024. The APY may change at any time. Registered address: Monzo Inc, 447 Sutter St., Ste 405 PMB1025, San Francisco, CA 94108 The Monzo Mastercard Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. ¹Your funds are held at Sutton Bank, Member FDIC. Though Monzo is not an insured bank, money in your Monzo account is eligible for pass-through FDIC insurance that would protect up to $250,000 in the unlikely event that Sutton Bank failed. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about on fdic.gov.