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Monese to open in 19 EU countries

Jordan Williams | 15:58 Monday 3rd July 2017

The provider of instant mobile current accounts Monese has announced its expansion into 19 additional European countries this summer.

Users can now open local accounts in these countries in local languages and access them anywhere in the Eurozone.

Users can sign up for a euro account via the app, and can also have a Great British pound account at the same time, while receiving salary payments into their local account without being charged excessive fees for doing so.

Over 75% of Monese’s GBP customer accounts are used as salary-receiving accounts.

The mobile current account provider’s expansion is aimed at breaking down financial barriers when crossing borders within the EU.

Norris Koppel, CEO and founder of Monese, said: “We are immensely pleased to have launched this new offering.

“Our mission has always been to provide the technology that enables people to live, travel and work freely anywhere in the world.

“Expanding into Europe takes us one step closer to that goal.

“This offering takes the hassle and frustration out of setting up financial services that are vital in order to live and prosper in a country that isn’t your own.

“Individuals shouldn’t face barriers to local financial services, nor should they experience hidden and unexpected fees for doing so and our move directly tackles these struggles that are experienced all too often.”

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