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Monzo launches in Spain with no waiting list

Original: monzo

British digital bank Monzo has opened its services in Spain without a waiting list, offering a fee-free current account and a savings pot paying 2.50% annual equivalent rate. Spanish personal finance outlets are covering the launch, with attention on how the no-commission model and interest rate compare to traditional Spanish banks and existing neobanks operating in the country.

Why now: The UK neobank's full launch in Spain is new and offers rates that stand out against local banks.

MonzoSpainFinect

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