Is Monzo or Quicken better?

Neither clearly leads. Monzo starts at Free and Quicken at $3.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Monzo or Quicken?

Monzo has a free tier; the other does not. Paid plans start at Free for Monzo and $3.99/month for Quicken.

Does Monzo or Quicken run on more platforms?

Monzo runs on iOS, Android, Web. Quicken runs on Web, iOS, Android, Windows, macOS.

Can I use Monzo for free?

Yes. Monzo has a free tier, so you can try it without paying. Quicken starts at $3.99/month.

What is Monzo best used for?

Monzo is most often used for a uk resident wanting a free current account with statutory fscs deposit protection rather than e-money safeguarding, a frequent traveller wanting free foreign currency card spending on a uk-regulated account, a household wanting a joint account with shared budgeting and spending visibility, someone building savings using automated pots with partner-bank interest rather than a separate savings account. Of those, a uk resident wanting a free current account with statutory fscs deposit protection rather than e-money safeguarding and a frequent traveller wanting free foreign currency card spending on a uk-regulated account are not what Quicken is typically brought in for.

What can Monzo do that Quicken cannot?

Monzo covers FSCS-protected deposits, Fee-free foreign spending, Savings Pots, Joint and shared accounts. Quicken covers Budget creation, Bill management, Investment tracking, Tax planning.

Personal Finance · head to head

Monzo vs Quicken

Monzo

Personal Finance

UK-licensed digital bank with FSCS-protected deposits and no foreign currency card fees

From: Free
Rated: -

Full review Website

Quicken

Personal Finance

Take control of your finances

From: $3.99/month
Rated: -

Full review Website

The short version

Only Monzo has a free tier, so it costs nothing to try first.
Each has a real cost: Monzo monzo is UK-focused, so customers wanting deep multi-currency holding, broad international transfers or in-app investing will find its feature set narrower than Revolut.; Quicken promotional pricing available only for annual billing; higher rates apply for monthly billing
They diverge on capability: Monzo covers FSCS-protected deposits, Quicken covers Budget creation.
Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Monzo and Quicken actually diverge.

Attributes where Monzo and Quicken differ
Attribute	Monzo	Quicken
Starting price	Free	$3.99/month
Pricing model	Free core current account; paid Plus and Premium tiers add features	subscription
Free tier	Yes	No
Platforms	iOS, Android, Web	Web, iOS, Android, Windows, macOS
Founded	Unknown	1983

Identical on both: user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Monzo

FSCS-protected deposits
Fee-free foreign spending
Savings Pots
Joint and shared accounts
Instant spending notifications
Overdrafts and loans

Only in Quicken

Budget creation
Bill management
Investment tracking
Tax planning
Bank accounts
Investment accounts
Credit cards
Windows support

What people use each for

The jobs each tool is most often brought in to do.

Monzo

A UK resident wanting a free current account with statutory FSCS deposit protection rather than e-money safeguardingnot Quicken
A frequent traveller wanting free foreign currency card spending on a UK-regulated accountnot Quicken
A household wanting a joint account with shared budgeting and spending visibilitynot Quicken
Someone building savings using automated Pots with partner-bank interest rather than a separate savings accountnot Quicken

Quicken

Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Monzo
Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Monzo
Users preferring local data storage via Classic desktop editionsnot Monzo

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Monzo

Monzo is UK-focused, so customers wanting deep multi-currency holding, broad international transfers or in-app investing will find its feature set narrower than Revolut.
Overdraft and loan products carry interest charges based on individually assessed rates, and like any consumer credit product the cost varies by risk profile rather than being a flat, predictable fee.
Free ATM withdrawals abroad are capped at a monthly limit on the free tier, after which a fee applies, so heavy cash users abroad may find the free tier insufficient.
As an app-first bank with very limited physical presence, customers who prefer in-person branch banking or need to deposit cash regularly will find it inconvenient compared with a traditional high street bank.
Some paid-tier perks, such as travel insurance bundled into Premium, require reading policy terms carefully, since bundled insurance products can have narrower cover than a standalone policy bought separately.

Quicken

Promotional pricing available only for annual billing; higher rates apply for monthly billing
Subscriptions auto-renew at current rates unless manually cancelled

Pricing, plan by plan

Monzo

Free

Monzo (free)Free
- Free current account with FSCS-protected deposits
- Fee-free foreign currency card spending
- Free ATM withdrawals abroad up to a monthly limit
Monzo Plus$5/month
- Higher fee-free overseas ATM withdrawal limit
- Custom card colours and virtual cards
- Savings and budgeting extras
Monzo Premium$15/month
- Travel and phone insurance included
- Metal card
- Airport lounge access on some plans

Quicken

$3.99/month

Quicken Simplifi$3.99/month
- Billed annually at promotional rate
- Regular price $6.99/month
- Mobile and web access
Quicken Business & Personal$4.99/month
- Billed annually at promotional rate
- Regular price $8.99/month
- Mobile and web access

Which should you pick?

Choose Monzo if

You need fscs-protected deposits.
You want to start without paying.
You work on iOS, Android, Web.
You also want fee-free foreign spending.

Monzo review

Choose Quicken if

You need budget creation.
You work on Web, iOS, Android, Windows, macOS.
You also want bill management.

Quicken review

Questions people ask

Is Monzo or Quicken better?: Neither clearly leads. Monzo starts at Free and Quicken at $3.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Monzo or Quicken?: Monzo has a free tier; the other does not. Paid plans start at Free for Monzo and $3.99/month for Quicken.
Does Monzo or Quicken run on more platforms?: Monzo runs on iOS, Android, Web. Quicken runs on Web, iOS, Android, Windows, macOS.
Can I use Monzo for free?: Yes. Monzo has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
What is Monzo best used for?: Monzo is most often used for a uk resident wanting a free current account with statutory fscs deposit protection rather than e-money safeguarding, a frequent traveller wanting free foreign currency card spending on a uk-regulated account, a household wanting a joint account with shared budgeting and spending visibility, someone building savings using automated pots with partner-bank interest rather than a separate savings account. Of those, a uk resident wanting a free current account with statutory fscs deposit protection rather than e-money safeguarding and a frequent traveller wanting free foreign currency card spending on a uk-regulated account are not what Quicken is typically brought in for.
What can Monzo do that Quicken cannot?: Monzo covers FSCS-protected deposits, Fee-free foreign spending, Savings Pots, Joint and shared accounts. Quicken covers Budget creation, Bill management, Investment tracking, Tax planning.

Answered from the vendors’ own pages

Monzo: Is Monzo a real bank?

Yes, Monzo Bank Limited holds a full UK banking licence and is regulated by the FCA and PRA, the same framework as traditional UK banks.

Quicken: How much does Quicken cost?

Quicken Simplifi starts at $3.99/month (billed annually) or $6.99/month (monthly billing). Quicken Business & Personal costs $4.99/month (annual) or $8.99/month (monthly). Annual billing offers savings versus monthly subscriptions.

Source

Monzo: Are my savings protected if Monzo fails?

Eligible deposits are covered by the Financial Services Compensation Scheme up to 85,000 pounds per eligible person, the same statutory protection as other UK banks.

Quicken: What is the difference between Quicken Simplifi and Quicken Business & Personal?

Quicken Business & Personal includes the ability to run up to 10 businesses at no extra cost, making it suitable for freelancers and small business owners. Quicken Simplifi is designed for personal finance and couples. Both are available on mobile and web.

Source

Monzo: Does Monzo charge for spending abroad?

No card fee applies for purchases abroad at the interbank exchange rate; free ATM withdrawals abroad are capped at a monthly limit before a fee applies.

Quicken: Can I cancel my Quicken subscription anytime?

Subscriptions auto-renew at then-current rates unless cancelled. The page indicates cancellation is possible but does not specify the cancellation process or any early termination fees.

Source

Monzo vs Quicken

Monzo

Quicken

The short version

Where they differ

What each one covers

Only in Monzo

Only in Quicken

What people use each for

Monzo

Quicken

Where each one falls short

Monzo

Quicken

Pricing, plan by plan

Monzo

Quicken

Which should you pick?

Choose Monzo if

Choose Quicken if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Monzo

More on Quicken

Keep looking

Other head to heads