Monzo vs Revolut for Scholarship Payments – Which is Best?
I’m an incoming international student and need advice on which bank to choose for my scholarship payments.
My scholarship provider requires me to submit a bank statement and a completed form by the 19th of September to ensure my payments aren’t delayed. They suggested Monzo or Revolut.
I downloaded the Monzo app, and ordered a Monzo card, which will be delivered to my Cambridge college. The problem is, I need to activate the card before I can fully access the app and generate a bank statement.
However, I won’t be arriving in Cambridge until close to the start of term, so I won’t be able to activate the card or get the bank statement until then. Since I won't be there until term starts, this is a bit tricky.
Does anyone know if Revolut has the same issue? Or should I consider a different bank altogether? Any suggestions will be highly appreciated.