Revolut Premium and Monzo Perks now cost almost exactly the same, and both went up in price this autumn. They're aimed at the same person: someone happy to pay about £9 a month if the perks pay it back. I've compared them using Revolut's Premium page and Monzo's plans page, both checked today.
Key takeaways
- Price: Revolut Premium is £8.99 a month or £90 a year. Monzo Perks is £9 a month.
- Commitment: Revolut Premium is a 12-month plan. Monzo Perks has no minimum term.
- Both include Uber One. Revolut only offers it to people who've never had Uber One.
- Travel: Revolut wins, with unlimited currency exchange, multi-currency accounts and £400 of free ATM cash.
- Everyday UK perks: Monzo wins, with a Railcard, a weekly Greggs treat, a monthly Vue ticket and YouTube Premium Lite.
Revolut Premium vs Monzo Perks side by side
Here are the main differences, from each bank's own plan pages:
| Revolut Premium | Monzo Perks | |
|---|---|---|
| Monthly price | £8.99 | £9 |
| Annual option | £90 a year | No |
| Minimum term | 12 months | None |
| Uber One | Yes, new Uber One members only | Yes |
| Other perks | Headspace, NordVPN, Freeletics, Sleep Cycle, Picsart, Tinder Plus | Railcard, weekly Greggs treat, monthly Vue ticket, YouTube Premium Lite |
| Instant access savings (AER, variable) | 3.25% | 3.25% |
| Other savings | N/A | Select Access 3.65%, Saving Challenge 5% |
| Fee-free cash abroad | £400 a month | Up to £600 |
| Currency accounts | 35+ currencies, unlimited exchange | No (fee-free card spending abroad) |
| Rewards | 1 RevPoint per £4 | Billsback prize draw |
| Purchase protection | Up to £2,500 a year | No |
| FSCS protection | Up to £120,000 | Up to £120,000 |
Monzo's Select Access rate needs a £500 minimum and allows 2 or fewer withdrawals a year. The Saving Challenge rate applies to Monzo's savings challenge pot only. Rates on both sides are variable.
Which is cheaper: Revolut Premium or Monzo Perks?
On paper they're the same price: £8.99 vs £9 a month. Revolut is cheaper if you pay annually (£90 instead of £107.88), but that means committing for a year. Monzo Perks is monthly with no minimum term, so you can drop it any time.
Both went up in 2026. Monzo Perks rose from £7 to £9 for new customers from 13 August, with existing customers moving from their first billing date on or after 14 October, according to Monzo's price change page. Revolut Premium rose from £7.99 to £8.99 for new customers on 14 October, with existing customers moving on 19 December, according to DepositScout.
Take Action: If you're unsure you'll use the perks for a whole year, Monzo's lack of a minimum term is a real advantage. If you're sure, Revolut's annual price saves about £18.
Which is better for travel?
Revolut Premium is better for travel. It has accounts in 35+ currencies, unlimited currency exchange with no weekend fees, and 20% off international transfers. You can hold euros or dollars before you go and pay in local currency.
Monzo's card is fee-free to spend abroad, which is all you need for occasional trips, and Perks gives you up to £600 of fee-free cash withdrawals abroad, which is more than Revolut Premium's £400. But you can't hold other currencies in Monzo.
If you travel a few times a year, both are fine. If you travel often or send money abroad, Revolut is the stronger choice. Our Revolut vs Wise comparison covers sending larger sums abroad.
Which perks are worth more?
It depends entirely on your lifestyle, because the perks are completely different.
Monzo Perks suits UK commuters and everyday spenders. An annual Railcard saves a third on many rail fares, the weekly Greggs treat and monthly Vue ticket add up if you'd use them, and YouTube Premium Lite removes most ads. Monzo says the partner perks are worth over £300 a year.
Revolut Premium suits app and wellbeing subscribers. Headspace, NordVPN, Freeletics, Sleep Cycle Premium, Picsart Gold and Tinder Plus are all paid apps on their own. Revolut values the whole Premium package at about £1,750 a year, but that assumes you'd pay for everything.
Uber One is on both. If you've had Uber One before, only Monzo will give it to you; Revolut Premium restricts it to new Uber One members. Our guide to stacking Uber One with Avios and RevPoints explains how to get the most from it on Revolut.
Both banks rotate partners from time to time, so check the current list in each app before you sign up.
Which pays more interest?
They're level on instant access: both pay 3.25% AER (variable). Monzo pulls ahead if you're happy to limit withdrawals, because its Select Access account pays 3.65% for 2 or fewer withdrawals a year with a £500 minimum.
- Amount saved£10,000
- Rate A (AER)3.65%
- Rate B (AER)3.25%
- Months12 months
On £10,000, that's about £40 more a year with Monzo, as long as you rarely touch the money. For easy-access savings, the two are equal. Our Revolut savings review and Monzo plans compared have the full rate tables.
Which should you choose?
| You... | May suit you |
|---|---|
| Travel or exchange currency often | Revolut Premium |
| Commute by train and would use a Railcard | Monzo Perks |
| Have had Uber One before | Monzo Perks |
| Would use Headspace, NordVPN or the other apps | Revolut Premium |
| Want no minimum term | Monzo Perks |
| Want purchase protection on gadgets | Revolut Premium |
| Want to earn airline miles on spending | Revolut Premium (RevPoints) |
Plenty of people use both: Monzo as the main account for bills and budgeting, and Revolut for travel. If you do, you don't need to pay for both plans. Pick the one whose perks you'd actually use and keep the other on its free plan. For the full head-to-head of the two banks, see Monzo vs Revolut.
If you're already on Revolut Premium
Your price rises to £8.99 on 19 December 2026. If you mainly use Uber One and live in the UK, compare Monzo Perks before then. If you leave Revolut Premium early you may face a break fee, but if you don't accept the price change, Revolut's terms let you close your account free before it takes effect. A free downgrade is at Revolut's discretion.
Investing through Revolut carries risk. Capital at risk: the value of investments can go down as well as up.
FAQ
Is Revolut Premium or Monzo Perks better?
Revolut Premium is better for travel, currency exchange and app subscriptions like Headspace and NordVPN. Monzo Perks is better for UK everyday perks like a Railcard, Greggs and Vue, and has no minimum term. Both cost about £9 a month and include Uber One, so choose by which perks you'd use.
Do both Revolut Premium and Monzo Perks include Uber One?
Yes. Both include Uber One in the UK. Revolut Premium only offers it to people who have never had an Uber One membership or trial, while Monzo Perks lists it as included. Check each bank's partner terms, because conditions such as paying with that bank's card usually apply.
Can I cancel Monzo Perks or Revolut Premium at any time?
You can cancel Monzo Perks at any time, because it has no minimum term. Revolut Premium is a 12-month plan, so monthly payers who downgrade early may pay a break fee. Revolut annual payers keep Premium until the end of the year they've paid for.
Which has the better savings rate?
Both pay 3.25% AER (variable) on instant access savings in November 2026. Monzo Perks also offers Select Access at 3.65% if you make 2 or fewer withdrawals a year and keep at least £500 in it. Both banks protect eligible deposits through the FSCS up to £120,000.
Is Monzo or Revolut better for travel?
Revolut is better for frequent travel, with 35+ currency accounts, unlimited exchange on Premium and 20% off international transfers. Monzo is fine for occasional trips because card spending abroad is fee-free, and Perks gives up to £600 of fee-free cash abroad, but it doesn't let you hold foreign currencies.
The bottom line
Revolut Premium and Monzo Perks are evenly matched on price, and both include Uber One. Revolut Premium wins for travellers and app subscribers, especially if you'd pay annually. Monzo Perks wins for UK commuters who'd use the Railcard and want no lock-in.
If Revolut looks like the better fit, sign up to Revolut on the free plan and upgrade to Premium in the app once you're sure you'll use the perks. For more detail on the Revolut side, read our Revolut Premium review.