Monese lets you open an account to hold British pounds, euros or Romanian lei, or all three if you’d like to. Therefore it is not "disposable" in the same way as Wise and Revolut's offering. You can 'lock' it - preventing any transactions from going through - but you cannot replace it, as is possible with a Wise or Revolut virtual card. Note: your Monese virtual card is permanent. You can set up one Monese virtual card per currency account for free. Switch the currency you need within your Wise account, or let the card’s auto convert function do it for you, with the lowest available fees every time. And because the Wise account has full multi-currency functionality, you’ll be able to hold, exchange and spend 50+ currencies with the real mid-market exchange rate every time - perfect for when you travel or shop internationally. Wise virtual cards can be used anywhere contactless payments are accepted. You’ll instantly be able to generate up to 3 replaceable virtual cards for spending, which can be added to wallets like Google Pay and Apple Pay for mobile transactions. Open a Wise personal account for free online, and order a physical debit card for a one time fee of 5 GBP. Prepaid virtual card - top up only the amount you want to spend to help with budgetingīest Online Bank Accounts With Instant Virtual Debit Cards Wise Variable overdraft rate 19% - 39% depending on situationĪpply separately for a Raisin savings pot through Monese to earn interestĪccount details for GBP, EUR and RON, plus a range of banking featuresįirst card free, 2.5 EUR fee for any subsequent cards You’ll need to wait for your physical card to be delivered to get a virtual card Up to 1.5% AER depending on account and balanceįull banking service including credit, loans and more Hold and exchange 50+ currencies with the mid-market exchange rateįree for permanent virtual cards Upgrade to a paid account plan for a disposable virtual cardįree or fee paying account plans, to hold and exchange 30 currencies, budget, save and investĪvailable to Plus or Premium customers - plans cost 5 GBP to 15 GBP/monthĪpply separately for an overdraft, to view the terms offered Use your virtual card as soon as you order a physical card Order a physical debit card for 5 GBP to access up to 3 virtual cards We’ll dive into each in more detail later. Let’s start with a comparison table looking at top virtual debit card providers in the UK. Virtual debit card comparison: at a glance In some cases you’ll be able to generate one or more free virtual debit cards instantly when you sign up for an account, sometimes you’ll have to apply for a physical card to get virtual card access, and sometimes you’ll need to pay an account fee to get this service. Not all banks and account providers offer virtual cards - and exactly what’s available does vary. But what if there was a safer alternative where you could ditch your wallet entirely when you hit the shops?Ī virtual debit card works much like your regular physical debit card does, but instead of having to carry a physical card, you can usually use your virtual card right from your phone or laptop when you shop in person or spend in online stores. And of course, debit cards can be far more convenient and secure than carrying large amounts of cash around. We’re all pretty used to using a physical debit card to make cash withdrawals, and to spend in person and online whenever we shop.
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