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  Monzo Money Transfer

Monzo Money Transfer

in Money Transfer Services from Monzo · Member FDIC

Unaffiliated

Monzo Money Transfer

Unaffiliated

in Money Transfer Services from Monzo · Member FDIC

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

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.

Monzo Money Transfer FAQ

What money transfer methods does Monzo Money Transfer support?

Monzo Money Transfer 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 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 does not charge a flat processing fee.
  • 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.
Monzo Money Transfer Fees
Description
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 of Monzo Money Transfer
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

    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
    • Proof of Identity
    • Government Issued Photo ID
    • Driver License (or other photo ID)
    Mobile Transfer  
    Payment Options
    • Credit/Debit Card
    • Apple Pay
    Transfer Speed 1 day
    Transfer Methods
    • Bank
    • Personal

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    SUPERMONEY NET RECOMMENDATION SCORE

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    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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