Updated September 28, 2026 · SumCue Editorial Team
J&T Direktbank vs Monzo
J&T Direktbank
Higher score in this comparison
Monzo
Where J&T Direktbank and Monzo differ
| Compare | J&T DirektbankReviewVisitVisit | MonzoReviewVisitVisit |
|---|---|---|
| Headline rate | 2.25% | 2.75% to 3.5%Higher |
| Minimum deposit | €0 | £0 |
| Deposit protection | EU DGS up to EUR 100,000 | FSCS up to GBP 85,000 |
| Access terms | Daily availability; interest paid monthly to the Tagesgeld account | Instant withdrawals any time, no limits, interest paid monthly, up to 20 Savings Pots, Monzo current account required, aged 16+ |
| Monthly fee | €0 | £0 |
| Term | Not confirmed | 12 to 84 months |
| Regulators | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Ceska narodni banka (CNB) | Not confirmed |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- J&T Direktbank scores higher overall: 9.3 vs 9.1.
- Founded is lower at J&T Direktbank: 1998 vs 2015.
- J&T Direktbank is licensed in 1 more country.
- J&T Direktbank is available in 1 more country.
- Headline rate is higher at Monzo: 2.75% to 3.5% vs 2.25%.
- Support channels: only J&T Direktbank offers Email.
- Support channels: only Monzo offers Chat, Help centre.
Our verdict on each
J&T Direktbank
J&T Direktbank suits savers who want euro cash parked without paying a monthly charge, and who do not need to lock the money away. Its overnight account pays 2.25% at a variable rate, with an account fee of €0 and a minimum deposit of €0.
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 | J&T Direktbank | Monzo |
|---|---|---|
| Cost | 9.5Higher | 9.4Savings run on a no monthly fee model with a minimum deposit of £0, and the credit card annual fee is £0. |
| Offer | 8.8Account fee of €0 and a minimum deposit of €0 are the strong side, while 2.25% trails the site median of 3%. | 9.6HigherLoan types include personal, debt consolidation and car for home improvement, and virtual card and travel come with the account. |
| Trust | 9.4Higher | 8.5 |
Where each is licensed and available
| Country | J&T Direktbank | Monzo |
|---|---|---|
| Czechia | Not confirmed | |
| Germany | Not confirmed | |
| United Kingdom | Not confirmed |
Additional countries for J&T Direktbank: 2. Additional countries for Monzo: 1.
Choosing between them
Pick J&T Direktbank if trust matter most.
Pick Monzo if offer and headline rate matter most.
How they place
| Ranking | J&T Direktbank | Monzo |
|---|---|---|
| Savings | 19 of 1492 | 24 of 1492 |
| Savings accounts | 12 of 658 | 15 of 658 |
Every fact side by side
| Fact | J&T Direktbank | Monzo |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee |
| Legal entity | J&T BANKA, a.s., Zweigniederlassung Deutschland | Monzo Bank Limited |
| Headquarters | Czechia | United Kingdom |
| Founded | 1998Lower | 2015 |
| Support channels | Email, Phone | Chat, Phone, Help centre |
Loans
| Fact | J&T Direktbank | 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 |
| Features | Not confirmed | Virtual card, Travel |
| 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 | J&T Direktbank | Monzo |
|---|---|---|
| Annual fee | Not confirmed | £0 |
| Currency conversion 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 |
| Audience | Not confirmed | Kids, Business |
Where each stands against the rest
| Fact | J&T Direktbank | Monzo | Median |
|---|---|---|---|
| Headline rate | 2.25%below 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
J&T Direktbank
Pros
- The account fee is €0 and the minimum deposit is €0, so small balances work.
- Deposits are covered by EU DGS up to EUR 100,000.
- Daily availability, with interest paid monthly on a variable rate of 2.25%.
Cons
- The rate is variable, so the 2.25% figure can fall with monetary policy.
- Support runs on email and phone only, with no branch network and no in-app chat.
- The account is a German branch of a Czech bank, J&T BANKA, a.s., Zweigniederlassung Deutschland, with a home country of CZ.
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
J&T Direktbank
Who it suits
- Euro savers who want daily access and can leave the balance in place.
- Savers who value a fee-free account, with an account fee of €0 and a minimum deposit of €0.
- Readers comfortable with a variable rate paid monthly, under supervision by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Ceska narodni banka (CNB).
Who should look elsewhere
- bunq, which lists a minimum deposit of €10 where this account takes €0.
- CFI, whose minimum deposit of $0 is set in dollars rather than euro, for anyone saving in US currency.
- Fiesta Credito MX, supervised by CONDUSEF rather than Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Ceska narodni banka (CNB), if you need cover in another market.
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 | J&T Direktbank | Monzo |
|---|---|---|
| Czechia | Yes | No |
| Germany | Yes | No |
| United Kingdom | No | Yes |
Questions about each
J&T Direktbank
What does J&T Direktbank pay on its euro cash account?+
The overnight deposit pays 2.25%, and the cash interest is listed as 2.25%. The rate is variable, so it can move with monetary policy rather than being fixed for a term. Money stays available daily and interest is credited to the account monthly.
What does it cost to hold the account?+
Nothing to hold. The account fee is €0, the monthly fee is €0 and the minimum deposit is €0, so there is no balance to maintain and no charge to avoid. The only thing that matters is leaving enough in the account to earn the rate.
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%.