| Transfer Speed | 1 days |
| Processing Fee | $3 |
| Processing Commission | N/A |
| Minimum Transfer | $1 |
Monzo Money Transfer Review
Monzo Money Transfer is a peer-to-peer, or P2P, payment platform based in Las Vegas, NV. It was founded in 2015 and offers money transfers to 37 countries.
What money transfer methods does Monzo Money Transfer support?
Monzo Money Transfer allows you to send money to the following destinations:
- Bank accounts.
- Foreign Countries
- Personal transfers without the need of a bank account
How long does it take for the money transfer to arrive with Monzo Money Transfer?
Typically, money transfers will take 1 day to arrive. However, this may vary depending on the amount, currency, and destination.
How much money can you send with Monzo Money Transfer?
Monzo Money Transfer does not have a minimum transfer amount.
The maximum amount you can send per transfer is $49,999.
What fees and commissions does Monzo Money Transfer charge?
- Monzo Money Transfer offers free peer to peer (P2P) money transactions. However, you may have to pay a fee if you use certain payment options, such as a credit card, or if you exceed their transaction amount limits.
- Monzo Money Transfer charges a flat fee of $3.
- There isn't a processing commission fee.
- Monzo Money Transfer does not charge a currency exchange fee. Instead, Monzo Money Transfer makes a profit from the spread between the buy and sell price of the currency you purchase. Compare the exchange rates offered by money transfer services as well as fees when calculating the total cost of the transaction.
| Description | |
|---|---|
| Processing Fee | $3 |
| Processing Commission | N/A |
| International Transfer Fee | Starting at 0.06% |
| International Transfer Fee ($) | N/A |
| Processing Commission Range | N/A |
| Processing Fee Range ($) | N/A |
| Premium Processing Fee | N/A |
| Foreign Currency Transaction Fee | 0% |
How does Monzo Money Transfer compare to other money transfer services?
| Pros | Cons |
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Feature Breakdown
| Foreign Currency Transaction Fee | 0% |
| Processing Fee | $3 |
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