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Last Updated: 04/18/2025

Monzo Money Transfer

from Monzo

Last Updated: 04/18/2025

Strongly recommended9 total votes

9 users recommend

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Highlights

Community Rating

Strongly recommended

Minimum Transfer

Transfer Speed (days)

Processing Fee Range ($)

N/A

Processing Commission

N/A

Number of Reviews

Monzo Money Transfer Review

Monzo 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.

Monzo FAQ

What money transfer methods does Monzo support?

Monzo allows you to send money with the following receive options (options vary by receive country):

Bank accounts.

How much money can you send with Monzo?

Monzo does not have a minimum transfer amount.

The maximum amount you can send per transfer is $49,999 , but this may vary per country.

What fees and commissions does Monzo charge?

Monzo 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 does not charge a flat processing fee..
There isn't a processing commission fee.
Monzo does not charge a currency exchange fee. Instead, Monzo 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.

Monzo Money Transfer Fees

Description

Foreign Currency Transaction Fee

Starting at 0%

Monzo does not charge a fee to send money to Mexico. However, remember that money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. Monzo does not charge a fee to send money to India. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. Monzo does not charge a fee to send money to the Philippines. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. Monzo does not charge a fee to send money to China. However, money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction.

How does Monzo compare to other money transfer services?

Pros & Cons of Monzo

Pros

Cons

High daily transfer limit.

Transfers can be initiated in minutes.

International transfers are handled by TransferWise.

Funds can be sent internationally to your recipient’s bank account only, with no option for cash pickups.

A Social Security number is required to send money internationally.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Visit Site

Email Support

Hours of Operation

Sunday

7:00AM - 7:00AM

Monday

7:00AM - 7:00AM

Tuesday

7:00AM - 7:00AM

Wednesday

7:00AM - 7:00AM

Thursday

7:00AM - 7:00AM

Friday

7:00AM - 7:00AM

Saturday

7:00AM - 7:00AM

Other Services by Monzo

Savings Accounts

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.

+100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Monzo Money Transfer Community Reviews

Would you recommend Monzo Money Transfer to your friends?

Mazhar C.

Nov 25, 2022

May or may not recommend

I have been using Monzo for a couple of months now and love all the features. It has 24/7 customer support in case I have any questions. I can access it through my phone and my computer. It cost nothing to spend out of the country, and so much more. I highly recommend.

Tamela H.

Sep 27, 2022

May or may not recommend

Sania A.

Sep 17, 2022

May or may not recommend

Monzo is very easy and simple that allows you to access your money in everywhere. Its easy to manage monthly money record. They're quick to reply and clear in their communication, it’s very help to use in traveling on abroad.

Omar Pacifico C.

Jul 12, 2022

May or may not recommend

Monzo is so easy to use only banks that wants you in charge of your money it allows you to access your money, split it up, move direct debits, anticipate costs, compare previous and upcoming spends and it's free. They're quick to respond and clear in their communication, Great for travelling abroad and spending I got this card for our holidays.

Sofia P.

Jun 30, 2022

May or may not recommend

I really like this app. Simple platform on the phone and it syncs your contacts easily for you. I really love that it has it's own split pay feature, very helpful for dinners and stuff with friends. It also integrates with your other apps really nicely.

Sheala N.

May 30, 2022

May or may not recommend

They are at good transferring company to use, and it's very easy to navigate. You have companies where it can be difficult to work with but not with Monzo,

Robelys F.

May 22, 2022

May or may not recommend

I dare you to find a better money transfer than monzó money transfer I dare you

Jessica B.

May 17, 2022

May or may not recommend

Easy company to use for money transfer and reasonable fee.

Wilifer R.

May 5, 2022

May or may not recommend

I have been using this account for a month now and really like it. It has some great benefits such as creating "pots" for your direct debit and savings, making it much easier to manage your monthly money. The app is simple and easy to use and I would definitely recommend this bank to others. but I've been having issues recently with the Dark/Light mode (is not a big issue, ...Show More

Showing 9 of 9 reviews