MONZO EXCHANGE RATES – SEND MONEY ABROAD
Beat Monzo Bank exchange rates when making an international currency transfer or overseas payment, save time, money and get the best deal. It’s a good idea to evaluate Monzo Bank money transfer options and alternatives to make sure you’re getting the maximum savings possible.
| Monzo Bank | GBP to EUR | GBP to USD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | €1.197 to €1.201 | $1.261 to $1.266 |  |  | |
| TorFX | €1.2 | $1.265 |  | | |
| Wise | €1.202 to €1.203 | $1.267 to $1.268 |  | | |
| Monzo Bank | €1.191 | $1.255 | |  |  |
Monzo Bank exchange rate calculator: GBP/EUR ¤ GBP/USD ¤ GBP/AED
Monzo international transfer rates
International currency transfers to or from your Monzo Bank account in UK pounds, euros, US dollars and many other popular currencies will involve a margin or exchange rate of around 1.5% and additional bank transaction or commission fees may apply.
Monzo’s international currency transfer rates are still higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
More about Monzo Bank
Monzo Bank, founded in 2015, is a digital challenger bank based in the UK. The company was started by Tom Blomfield, Gary Dolman, Jason Bates, Jonas Huckestein, and Paul Rippon with the goal of creating a modern and user-friendly banking experience.
Monzo quickly gained popularity for its innovative features such as real-time spending notifications, budgeting tools, and fee-free transactions abroad.
The bank was granted a full banking license in 2017, allowing it to offer a wider range of financial services to its customers. Monzo has since grown to serve millions of customers and has become one of the leading digital banks in the UK.
Monzo – Useful information for money transfers
International money transfers from Monzo Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Monzo Bank account holder to use their services.
Unless you pay a premium, Monzo Bank’s service can take up to 5 working days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Monzo Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer.
Monzo Bank GBP vs EUR Money Transfer
Save on the exchange rate conversion when transferring money abroad from your Monzo Bank account to or from UK pounds and the euro. Monzo Bank international money transfers to or from the European Union and the UK have higher transaction charges, due to a less competitive exchange rate offered by Monzo Bank. More: Monzo Bank GBP vs EUR money transfer
Monzo Bank GBP vs USD Money Transfer
Save on the exchange rate conversion when transferring money abroad from your Monzo Bank account to or from UK pounds and the US dollar. Monzo Bank international money transfers to or from the United States and the UK have higher transaction charges, due to a less competitive exchange rate offered by Monzo Bank. More: Monzo Bank GBP vs USD money transfer
Monzo Bank branch finder
Monzo does not have any physical banking branches. With the rise of online banking services, banks with no physical branches are increasingly viewed as a convenient and accessible alternative to traditional banks.
Contact Monzo Bank from abroad
You can find answers to everyday banking questions by visiting the Monzo Bank website. If you can’t find the answer you’re looking for, you can call them from outside the UK on +44 20 3872 0620
Monzo Bank – Head office address
Broadwalk House, 5 Appold Street, London EC2A 2AG, United Kingdom
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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