Monzo vs Revolut: A UK Bank or a Global Money App?
Monzo and Revolut are both slick app-first money accounts, but they play different roles. Monzo is a full UK bank with an FSCS-protected current account, Pots and budgeting Trends built for everyday spending. Revolut is a global multi-currency money app that shines when you travel, exchange currencies or invest. The decision hinges on whether you want a proper main bank account or a borderless money tool.
Monzo vs Revolut: feature comparison
Feature comparison of Monzo, Revolut and Auritrack
| Feature | Monzo | Revolut | Auritrack |
|---|---|---|---|
| AI chat expense tracking | No | No | Yes |
| AI bookkeeping & categorization | Auto-categorizes transactions | Auto-categorizes card transactions | Yes |
| Automatic bank sync | Own Monzo account is live; limited external linking | Own Revolut account is live; limited external linking | Premium; US, Canada, Nigeria, Ghana, Kenya and South Africa. Statement import everywhere |
| Bank-statement import (PDF/CSV/Excel) | No | No | YesPDF, CSV or Excel, read by AI |
| Budgeting | YesBudgets, Trends and Pots | YesBudgets and spending analytics | Yes |
| Savings goals | YesSavings Pots and goals | YesSavings Vaults / Pockets | Yes |
| Invoicing | No | No | Small-business records and reports |
| Receipt scanning | No | No | Yes |
| All currencies, kept separate | GBP account with fee-free foreign spending | YesHolds and exchanges 25+ currencies | YesEach currency kept separate |
| Data export (PDF/CSV) | YesCSV export | YesStatement export | YesPDF and CSV anytime |
| Telegram tracking | No | No | Yes@auritrack_bot |
| Investment tracking | In-app investment funds | YesStocks, crypto and commodities in-app | No |
| Shared / household accounts | YesJoint accounts and Shared Tabs | Group bills and splitting | Yes |
| Sells your data to advertisers | No | No | No |
| Price | Free + paid from £3/mo | Free + paid from $9.99/mo | Free app + web from $3/mo |
Which of the two should you pick?
Where Monzo wins
- A real, FSCS-protected UK bank current account
- Live transaction notifications and a clear spending feed
- Pots for saving plus budgeting Trends built in
- Joint accounts and shared tabs for couples and housemates
Where Revolut wins
- A true multi-currency account holding and exchanging 25+ currencies
- Fee-free FX on paid tiers, strong for travel and spending abroad
- In-app investing in stocks, crypto and commodities
- Available across the UK, Europe, US and more, not UK-only
A third option: Auritrack
Both apps mostly show you their own account, so if you spend across Monzo, Revolut, a legacy bank and a credit card, no single one sees the whole picture. Auritrack sits on top as the tracking and budgeting layer: export a statement from any of them and its AI logs and categorizes the spending together, free on the mobile apps and Telegram (AI pay-as-you-go), or on the web from $3/month. Bank connections are a Premium feature in the US, Canada, Nigeria, Ghana, Kenya and South Africa; UK and European banks are not covered yet, so a statement upload does the job there.
Or get it free on the App Store, Google Play or Telegram.
The verdict
Choose Monzo if you want a genuine UK main bank account with strong everyday budgeting and joint accounts. Choose Revolut if travel, multi-currency spending and in-app investing matter more than a single home bank. If you use both, or bank elsewhere too, Auritrack is the neutral layer that budgets across all of them rather than replacing either.
Want to dig into one of them on its own? Read the Monzo guide or the Revolut guide, each an honest look at where that tool wins and where Auritrack fits.
Comparisons reflect our understanding of each product at the time of writing and may change; check each provider’s site for current pricing and features. Product names and trademarks belong to their respective owners. This page is general information, not financial advice.
