Monarch Money alternative for Europe.
Monarch is a polished wealth tracker for Americans. It connects to US banks through Plaid, prices in US dollars, and charges $14.99 a month.
Wealthos is built for Europe. 3,000+ EU and UK banks through regulated Open Banking. Multi-currency net worth in your home currency. A 10-year forecast and a life-scenario simulator. €5 a month.
Why people look for a Monarch alternative.
Monarch is good. That's why people ask for a European version — and why the answer has been "there isn't one" for too long. If you've tried Monarch from a European address, you've hit one of three walls.
Bank connections fail
Plaid's European coverage is thin. Your N26, Revolut, and Danske Bank won't connect cleanly, or at all.
Everything is in dollars
If you earn in EUR and save in GBP, Monarch shows a rough conversion — not a native multi-currency picture.
It costs three times as much
$14.99 a month is about €170 a year for a tool that doesn't cover your banks.
A wealth tracker built for Europe.
- Open Banking (PSD2) — read-only connections to over 3,000 EU and UK banks.
- Multi-currency — balances in EUR, GBP, CHF, DKK, SEK, PLN and more, auto-converted at live rates.
- Forecast-forward — a 10-year net-worth projection in your home currency.
- Life-scenario simulator — model a promotion, a move, a child, a sabbatical.
- AI assistant + MCP — ask questions in plain English, or connect Claude, ChatGPT, Mistral, and OpenClaw to your real data.
- GDPR-focused — encrypted in transit and at rest, on EU infrastructure.
Wealthos vs Monarch Money.
| Feature | Wealthos | Monarch |
|---|---|---|
| Built for | Professionals across Europe | US households |
| Bank coverage | 3,000+ EU and UK banks via Open Banking (PSD2) | US banks via Plaid |
| Currencies | EUR, GBP, CHF, DKK, SEK, PLN + more — auto-converted at live rates | USD-first; other currencies approximated |
| Core orientation | Forecast-forward: 10-year net-worth projection | Mixed: budgeting + wealth tracking |
| Life-scenario simulator | Yes — promotion, move, home, child, sabbatical | Limited goal planning |
| AI assistant | Built-in, plus MCP server for Claude / ChatGPT / Cursor | No |
| Data residency | EU infrastructure, GDPR | US |
| Pricing | €5/mo or €45/yr (~$5.40/mo) | $14.99/mo or $99.99/yr |
| Free trial | 7 days on yearly plan | 7 days |
| Mobile | Web + iOS | iOS + Android |
| Household / couples | Account sharing | Native couples mode (stronger here) |
Monarch is $14.99 a month or $99.99 a year — about $180/yr monthly, $100/yr annually. Priced for a US household. Wealthos is €5 a month or €45 a year. About a third of Monarch's monthly price, and less than half the annual. Both prices are flat — no per-account fees, no premium tiers.
When Monarch is the right pick.
We're not pretending Monarch is weak. For a US couple who want a joint dashboard, full budgeting discipline, and seamless Plaid connections to Chase, Amex, Fidelity, and Vanguard, Monarch is the right tool. It's the most polished US wealth tracker since Mint. Monarch also has:
- A stronger native couples/household view.
- Deeper budgeting UI (envelope-style rules).
- Better integrations with US 401(k) and HSA providers.
If those describe your situation, stay with Monarch.
Who should switch to Wealthos.
Wealthos is the better choice if:
- You bank in more than one European country, or hold more than one currency.
- You want a net-worth total that's accurate, not approximated.
- You care more about "when can I stop working?" than "how much did I spend on takeaway last month?"
- You want to use Claude, ChatGPT, Mistral, or OpenClaw on your real financial data via MCP.
- You'd rather pay €45 a year than $99.
How to move from Monarch.
Moving across takes about 20 minutes.
- 01Export from Monarch — Settings → Data → Export your data (CSV).
- 02Sign up for Wealthos — 7-day free trial on the yearly plan.
- 03Connect your European banks — Open Banking handles the login through each bank's own interface.
- 04Import manual history (optional) — drop the Monarch CSV into Wealthos if you want the historical data.
- 05Cancel Monarch before the next billing cycle.
Most people are fully migrated inside 20 minutes.
Common questions about switching.
Free calculators to try first.
Three free tools that cover the same ground as Monarch — no account needed.
Net Worth Calculator for Expats in Europe
Aggregate accounts across EU countries and currencies into one clear total.
Multi-Currency Net Worth Calculator
Track EUR, GBP, CHF, DKK, SEK — auto-converted at live rates.
FIRE Calculator
Project your path to financial independence in your home currency.