Monese introduces 'unmetered' banking

Source: Monese

Global, mobile only banking service Monese have launched their Premium plan which, like all their plans, is fully transparent and removes the worry of complicated and hidden fees.

Monese who recently announced half a million customer sign-ups globally already offer a Free and Plus plan, with more than 75% of funds coming in from salaries, the majority of customers use Monese as their primary banking account. Customers with high transaction volumes working and moving across the world now have the option of the Premium plan with an unmetered service allowing high usage customers access to global banking for a fixed fee of £14.95 / €14.95 monthly.

Monese is designed for those with a global mind-set, built for the Unstoppable generation to live, work and spend anywhere in the world without the worry of complexity, bureaucracy and hidden fees. Customers are able to move between the Free, Plus and Premium plans at any time that suits them, depending on their levels of usage.

This account is perfectly suited for all those that are smart with their money and these are some examples of those Monese think could benefit hugely and save significant amounts of money:
1. Anyone who transfers £3,000 / €3,000+ per month internationally.
2. International travellers withdrawing £200 / €200+ more than 3 times per month.
3. Families on holiday abroad spending money on car hire, restaurants, supermarkets, trips etc. A recent report by the BBC suggested that UK holidaymakers are spending over £1Billion per annum in hidden or excessive fees.

Norris Koppel, CEO and Founder at Monese, says: “Following the huge success of our Free and Plus plans it is incredibly exciting to now offer the new Premium plan. Users with higher levels of financial activity need absolute clarity up front without the worry of being hit with fees at the point of usage and the Premium plan does just that.

We are extremely pleased to be able to offer greater choice and the best value to existing and new customers. We believe that everybody should have global, transparent and instant access to a banking service for those with ambitions that take them around the world for work to build a better life for themselves and their families. ”

With Monese, users can open a full UK current account and Euro IBAN account in under two minutes, with one form of ID and a video selfie, without the need for a credit score check. 

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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

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