Revolut, Monzo and Starling Bank are all UK based digital banks. They all offer the opportunity to spend, save and manage your money from your mobile phone through their apps.
Though they are competitors, there are some key differences between these three banks. Revolut is not FSCS protected. This means that your money would not be secure if the bank were to go bust. Both Monzo and Starling are FSCS protected, so your money would be secure up to £85,000.
Revolut also does not offer overdrafts or cash and cheque deposits, which both Starling and Monzo do. However, they do offer other services, such as their Junior Child account (Starling offer a Kite account for kids, and Monzo do not offer a child’s account), and their ‘essentials’ hub which connects you with different service providers, similar to Monzo and Starling Bank’s ‘Marketplace’.
If you’re looking for FSCS protection and the other features that Monzo and Starling Bank offer, you can read our full comparison of these digital banks above.
You can read our individual guides on Monzo and Starling Bank here.