Updated September 28, 2026 · SumCue Editorial Team
Empower Personal Dashboard vs Monzo
Empower Personal Dashboard
Higher score in this comparison
Monzo
What sets them apart
| Compare | Empower Personal DashboardReviewVisitVisit | MonzoReviewVisitVisit |
|---|---|---|
| Headline rate | 3.5% | 2.75% to 3.5% |
| Minimum deposit | $0 | £0 |
| Deposit protection | FDIC up to USD 250,000 | FSCS up to GBP 85,000 |
| Access terms | Easy access like a checking account; deposit and withdraw through the Empower Dashboard via website and mobile app | Instant withdrawals any time, no limits, interest paid monthly, up to 20 Savings Pots, Monzo current account required, aged 16+ |
| Monthly fee | $0 | £0 |
| Account kind | Cash management | Easy access |
| Term | Not confirmed | 12 to 84 months |
Same on both: Rate type (Variable).
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Key differences
- Empower Personal Dashboard scores higher overall: 9.3 vs 9.1.
- Founded is lower at Empower Personal Dashboard: 2014 vs 2015.
- Support channels: only Empower Personal Dashboard offers Email.
- Support channels: only Monzo offers Chat.
- Pricing model: only Empower Personal Dashboard offers Commission free, Low fees.
- Pricing model: only Monzo offers No monthly fee.
Our verdict on each
Empower Personal Dashboard
Empower Personal Dashboard suits US households that want cash and investments in one place, paying a variable headline rate of 3.5% and asking for a minimum deposit of $0. Deposits sit under FDIC up to USD 250,000, and the dashboard moves money with the ease of a checking account.
Monzo
Monzo suits people who want everyday banking, saving and borrowing handled in one app. The current account has a monthly fee of £0, and the savings pot pays 2.75% to 3.5% with withdrawals any time and no limits.
Score breakdown
| Area | Empower Personal Dashboard | Monzo |
|---|---|---|
| Cost | 10.0HigherManagement fee 0%, account fee $0, stock trade fee $0, minimum investment $0. | 9.4Savings run on a no monthly fee model with a minimum deposit of £0, and the credit card annual fee is £0. |
| Offer | 8.7 | 9.6HigherLoan types include personal, debt consolidation and car for home improvement, and virtual card and travel come with the account. |
| Trust | 9.0Higher | 8.5 |
Where each is licensed and available
| Country | Empower Personal Dashboard | Monzo |
|---|---|---|
| United Kingdom | Not confirmed |
Additional countries for Empower Personal Dashboard: 1. Additional countries for Monzo: 1.
Choosing between them
Pick Empower Personal Dashboard if cost and trust matter most.
Pick Monzo if offer matter most.
Where these facts come from
Empower Personal Dashboard
- empower.com: 12 facts, checked September 26, 2026
Monzo
- monzo.com: 12 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
How they place
| Ranking | Empower Personal Dashboard | Monzo |
|---|---|---|
| Savings | 18 of 1492 | 24 of 1492 |
| Savings accounts | 11 of 658 | 15 of 658 |
Every fact side by side
| Fact | Empower Personal Dashboard | Monzo |
|---|---|---|
| Pricing model | Commission free, Low fees | No monthly fee |
| Legal entity | Empower Advisory Group, LLC | Monzo Bank Limited |
| Headquarters | United States | United Kingdom |
| Founded | 2014Lower | 2015 |
| Support channels | Email, Phone, Help centre | Chat, Phone, Help centre |
Brokers
| Fact | Empower Personal Dashboard | Monzo |
|---|---|---|
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Markets | Stocks, ETFs, Funds | Not confirmed |
| Features | Mobile app | Virtual card, Travel |
| Audience | Not confirmed | Kids, Business |
| Currency conversion fee | Not confirmed | 0% |
| Account types | IRA | Not confirmed |
Loans
| Fact | Empower Personal Dashboard | Monzo |
|---|---|---|
| APR | Not confirmed | 29% |
| Loan amount | Not confirmed | £10,000 to £35,000 |
| Arrangement fee | Not confirmed | 0 |
| Funding time | Not confirmed | Minutes after approval, into the Monzo account |
| Representative example | Not confirmed | Borrow £4,800 over 36 months, 35 monthly repayments of £181 plus one final payment of £150.99, 20.9% fixed interest rate, 23.0% representative APR, total repay £6,485.99 |
| Lender type | Not confirmed | Direct lender |
| Free early repayment | Not confirmed | Yes |
| Eligibility | Not confirmed | UK residents aged 18+, Monzo Current Account required |
| Loan types | Not confirmed | Personal, Debt consolidation, Car |
| Credit needed | Not confirmed | Fair |
| Use cases | Not confirmed | Home improvement |
Credit cards
| Fact | Empower Personal Dashboard | Monzo |
|---|---|---|
| Annual fee | Not confirmed | £0 |
| Rewards type | Not confirmed | None |
| Perks | Not confirmed | 0% interest over 3 months on purchases of GBP 100 or more, repeatable, 0% interest if you pay in full, No overseas fees (Mastercard exchange rate only), Section 75 purchase protection, Credit limit up to GBP 10,000, Flex purchases from up to 2 weeks ago, Instant notifications and real time balance updates, Separate paid card: Aura (GBP 15 a month) adds 1% cashback on groceries, 0.5% on everything else uncapped, auto invested cashback, Apple TV, Google AI Plus, 2 airport lounge and 2 fast track passes a year |
| Card kind | Not confirmed | Credit |
Where each stands against the rest
| Fact | Empower Personal Dashboard | Monzo | Median |
|---|---|---|---|
| Headline rate | 3.5%above the median | 2.75% to 3.5%above the median | 3.3% |
| Term | Not confirmed | 12 to 84 monthsabove the median | 60 |
Median across 710 listed providers.
Pros and cons
Empower Personal Dashboard
Pros
- Support runs on email, phone and help centre, so help is a phone call or an email away.
- The cash side sits under FDIC up to USD 250,000.
- Access suits everyday money: deposits and withdrawals run through the dashboard itself.
Cons
- The rate type is variable, so the 3.5% headline can move rather than being fixed for a term.
- Markets are limited to stocks, etfs and funds, with no foreign exchange, crypto or bond trading listed.
- Investing money carries risk: the share of retail accounts that lose money is 70.15%.
Monzo
Pros
- A monthly fee of £0 on the current account, and a currency conversion fee of 0% across 38 currencies.
- Savings interest is credited monthly, with withdrawals any time and no limits.
- Personal loans of £10,000 to £35,000 are paid out Minutes after approval, into the Monzo account, and early repayment is free.
Cons
- The credit card charges 29% APR and its rewards type is none, so there is nothing to earn back on it.
- Loans ask for a credit rating of fair and only work alongside a Monzo current account.
- ATM withdrawals come with an allowance of £200, the weakest part of the travel offer.
Who each suits
Empower Personal Dashboard
Who it suits
- US households who want a cash balance alongside a ira account in one place.
- Investors comfortable with a focused list of stocks, etfs and funds held in etf and cash.
- People who value phone and email help, since support runs on email, phone and help centre.
Who should look elsewhere
- Readers after a UK or European savings account: Empower is headquartered in the United States, and PiggyVest quotes its minimum investment as NGN 5,000 in another currency.
- Anyone who wants a stated entry floor before investing: eToro asks $500 and Axos Invest $100, against $0 here.
- People trading forex, crypto or bonds: the market list here is stocks, etfs and funds, so eToro or Axos Invest are the comparisons to read for wider classes.
Monzo
Who it suits
- People who want spending and saving in one place: the savings account pays 2.75% to 3.5% at a variable rate on an easy access basis.
- Households and small businesses, since the audience covers kids and business and the account includes virtual card and travel.
- People who prefer an app bank with its own regulator: the legal entity is Monzo Bank Limited, based in the United Kingdom.
Who should look elsewhere
- Euro account holders, since bunq charges a monthly fee of €0 on a euro account rather than a UK current account.
- Anyone after a secured card instead of an unsecured rate of 29% APR: Varo Believe Secured Credit Card has a monthly fee of $0.
- Travellers who mainly want a multi currency account: Wise charges 0.1% on conversion, which works on a different basis to a UK debit card.
Current offers
Monzo
Current offer
Free trial
Annual Uber One Membership - 3 month free trial: 3 months free
Included with Monzo Perks and Max subscriptions; Ts&Cs apply
Source, checked September 26, 2026
Bonus
The 2026 Monzo Saving Challenge: Save from 1p to GBP 667.95 and be in with a chance of winning GBP 10,000; 5% AER (variable) paid monthly
Ts&Cs apply; Extra, Perks and Max customers unlock new challenge levels, bigger savings and monthly prize draws
Source, checked September 26, 2026
Country by country
| Country | Empower Personal Dashboard | Monzo |
|---|---|---|
| United Kingdom | No | Yes |
| United States | Yes | No |
Questions about each
Empower Personal Dashboard
What does Empower Personal Dashboard charge?+
None of the listed fees apply. The management fee is 0%, the account fee $0, the monthly fee $0 and a stock trade costs $0. The pricing model is commission free and low fees, so the charge does not scale with the size of the holding.
Is the money in my account protected?+
The cash side is covered by FDIC up to USD 250,000, which applies to deposits rather than investments. Anything in the investment account carries market risk, and across the site the share of retail accounts that lose money sits at 70.15%. Keep emergency cash in the deposit account.
Monzo
What does it cost to keep the account day to day?+
The current account runs on a monthly fee of £0 and the savings pot takes a minimum deposit of £0. Loans add an arrangement fee of 0, and the credit card has an annual fee of £0, so the holding costs sit at the cheap end.
Is my money protected, and who regulates the bank?+
Deposits sit with Monzo Bank Limited under protection of FSCS up to GBP 85,000, and the bank is licensed by the Prudential Regulation Authority in GB under 730427. Card and cash losses fall outside that protection, and the retail loss rate in our data runs at 70.15%.
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