Monzo Money Transfer

Monzo Money Transfer

in Money Transfer Services from Monzo · fdic


Monzo Money Transfer


in Money Transfer Services from Monzo · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Monzo Money Transfer to your friends?

Thanks for your vote!

You voted: May or may not recommend

Minimum Transfer $1
Transfer Speed (days) 1 day
Processing Fee Range ($) N/A
Processing Commission N/A

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 to the following destinations:

  • Bank accounts.
  • Personal transfers without the need of a bank account

How long does it take for the money to arrive with Monzo?

Typically, money 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?

Monzo does not have a minimum transfer amount.

The maximum amount you can send per transfer is $49,999.

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
International Transfer Fee Starting at 0.06%
Foreign Currency Transaction Fee 0%

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: 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.


    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

    Feature Breakdown

    Foreign Currency Transaction Fee 0%
    Maximum Amount to Transfer $49,999
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of Identity
    • Government Issued Photo ID
    Mobile Transfer
    Payment Options
    • Credit/Debit Card
    • Apple Pay
    Transfer Speed 1 day
    Transfer Methods
    • Personal
    • Bank

    Be the first to rate


    Would you recommend Monzo Money Transfer to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    (will require moderator approval)

    Other Money Transfer Services