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- WeMoney: Pay off debt faster Vs. Monzo - Mobile Banking
WeMoney: Pay off debt faster vs Monzo - Mobile Banking Usage & Stats
Join WeMoney for free – Australia’s smart personal finance app, helping you track all of your money and pay down debt faster. See all of your financial accounts in one place, monitor your credit score and discover ways to pay down your debt faster with better products. Plus, get support from a growing financial community in WeMoney – for free.
SAFE & SECURE
WeMoney uses the latest in bank-grade security features and has also partnered with Yodlee, a global leader in the banking sector trusted by over 27 million users worldwide, to keep your data safe, including encryption 2048bit SSL. WeMoney does not store your banking credentials and only uses read-only access when it accesses your financial data. WeMoney doesn't sell your data to third parties. Plus, you can secure your account with Fingerprint, FaceID, and PIN logins.
FEATURES
- Connect all your financial accounts to get a complete 360-degree view of your money
- Free monthly updates to your credit scores (Equifax and Experian) and improve your credit health so you can unlock opportunities to improve your financial wellness.
- Pay down your debt faster with personalised savings opportunities to help you get a better deal.
- Join the conversation with Australia's most passionate financial community to help one another become debt-free, save for a holiday, own a house, plus more.
- Try for free or upgrade to WeMoney Pro and get daily credit file monitoring to protect against fraud, unlimited custom categories and a desktop version (plus more)!
AS SEEN ON
Australian Financial Review, Fortune, Channel 9 News, Channel 7 News, news.com.au, Daily Mail Australia, Yahoo Finance, Smart Company, The West Australian, The Today Show, Savings.com.au, and Student Edge.
WHAT'S MORE?
- See all your accounts in one place
- Set monthly budgets & money goals
- Track your payday
- Know your net worth
- Get insights into your spending & saving habits
- Check your credit score for free, forever
- Automatically categorise transactions
- Track your bills, any wasteful subscriptions & recurring payments
- Get notifications of daily spending
- Refer a friend to help the planet
- Compare better products and save money with our offers
- Help continuously to improve financial performance & usability
- More features coming soon!
AWARD WINNING
- 'Best PFM/Savings Account' - Australian Fintech 2022
- 'Best PFM/Savings Account' - Australian Fintech 2021
- 'Emerging Fintech - Peoples Choice' - Finnies 2021
- Best Fintech App/Website' - Australian Fintech 2024
FEE DISCLOSURES
WeMoney does not offer loans directly and only connects our members to our lending partners. The following information is based on aggregated data of loans offered by our partners, and is subject to change.
The minimum term is 1 year and a maximum of 7 years for Personal Loans from our lending partners. For example, a loan of $30,000 borrowed over 5 years would equate to a total amount payable on average of $39,883.86 (including a $150 establishment fee), through 260 weekly payments of $153.40. The maximum APR from our lending partners is 24.05%.
For the most up to date rates, please visit the ‘Offers’ section within the App or on our website (https://offers.wemoney.com.au/offers).
GENERAL INFORMATION
Any information provided by WeMoney is general in nature and was prepared for information purposes only. Accordingly, reliance should not be placed on any of WeMoney’s resources as the basis for making an investment, financial or other decision and therefore, should not be considered to constitute financial advice. WeMoney Pty Ltd ABN 88 633 007 860
- Google Play Store
- Free
- Finance
Usage Rank
- -
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 3.75% 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.
- Google Play Store
- Free
- Finance
Usage Rank
#1,411
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January 12, 2025