Monzo has had a banking license from the PRA and FCA in the UK since April 2017: https://monzo.com/blog/2018/06/07/is-monzo-a-bank/ https://monzo.com/blog/2018

Monzo has had a banking license from the PRA and FCA in the UK since April 2017: https://monzo.com/blog/2018/06/07/is-monzo-a-bank/ https://monzo.com/blog/2018/06/07/is-monzo-a-bank/ Revolut has been licensed in Lithuania in December 2018: https://blog.revolut.com/we-got-a-banking-licence/ https://blog.revolut.com/we-got-a-banking-licence/ Big difference :) Disclaimer: I work for Monzo.