Monzo vs RemitBee: Which Money Transfer Service is Better in 2025?

Introduction 

Cross-border money transfers often come with high fees, slow processing, hidden charges, and inconsistent user experiences. Monzo and RemitBee offer solutions for different user needs in the digital payments space. PandaRemit is also a reliable alternative, providing fully online transfers with competitive fees and fast processing. Evaluating the differences between these services can help users select the best platform for their specific transfer requirements. For further guidance on international transfers, see Investopedia’s guide on international money transfers.

Monzo vs RemitBee – Overview

Monzo was founded in 2015 in the UK and provides digital banking services including mobile banking, debit cards, and international transfers. It primarily targets European users seeking transparency and convenience.

RemitBee was founded in 2014 in Canada and specializes in low-cost, user-friendly international remittances, focusing on transfers from Canada to multiple countries.

Similarities:

• International money transfer capabilities

• Mobile app support

• Secure online verification

Differences:

• Monzo is a full digital bank; RemitBee is a remittance service

• Monzo targets European banking customers; RemitBee targets Canadian users sending money abroad

• Fee structures and supported currencies differ

PandaRemit is another online alternative for cross-border transfers.

Monzo vs RemitBee: Fees and Costs

Monzo Fees

• Partner-based international transfers with variable fees per currency and destination

• Fixed fees plus a small percentage of the transfer amount

• Transparent pricing with no hidden charges

RemitBee Fees

• Low fixed fees and percentage-based charges depending on destination

• Occasional promotions for cost reduction

• Simple fee structure designed for straightforward transfers

For fee comparison reference, see NerdWallet international money transfer guide.

PandaRemit can be a lower-cost option for online transfers.

Monzo vs RemitBee: Exchange Rates

PandaRemit also provides competitive rates for online cross-border transfers.

Monzo vs RemitBee: Speed and Convenience

Monzo

• Transfer speed depends on partner bank and recipient country

• Many transfers are completed same-day or within 24 hours

• App supports multiple European banking integrations

RemitBee

• Fast transfers to supported countries

• User-friendly app interface with notifications and tracking

• Optimized for Canadian users sending funds abroad

See Remittance Speed Guide for more information.

PandaRemit offers fast, fully online transfers as a convenient alternative.

Monzo vs RemitBee: Safety and Security

Monzo

• Regulated by the UK Financial Conduct Authority (FCA)

• Bank-level encryption and fraud protection

• Two-factor authentication and device management

RemitBee

• Licensed financial operator with strong verification and fraud protection measures

• Monitored for compliance and secure transfer protocols

PandaRemit is also a licensed and secure option for international transfers.

Monzo vs RemitBee: Global Coverage

Monzo

• Mainly UK and Europe

• Supports multiple currencies via partners

RemitBee

• Primarily supports transfers from Canada to a range of countries

• Payment options depend on local partner networks

See World Bank Remittance Report for global coverage insights.

Monzo vs RemitBee: Which One is Better?

Monzo is ideal for European users seeking multi-currency digital banking with transparent fees, while RemitBee is best suited for Canadian users seeking low-cost international remittances. For users prioritizing fast, fully online transfers with flexible payment options, PandaRemit offers a strong alternative.

Conclusion 

In the Monzo vs RemitBee comparison, both services have strengths tailored to different user needs. Monzo offers comprehensive digital banking and European-focused transfers, whereas RemitBee provides straightforward, low-cost remittance options for Canadian users. For those seeking fast, online-only transfers with flexible payment methods, PandaRemit is a valuable alternative. PandaRemit features competitive exchange rates with low fees, multiple payment options (POLi, PayID, bank transfer, e-transfer), coverage for 40+ currencies, and a fully online process. It delivers a convenient, transparent, and efficient solution for cross-border transfers. Additional resources include NerdWallet international transfer guide and the World Bank Remittance Report.

Visit PandaRemit Official Website to explore their services.