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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
SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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.

Strongly recommended

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Highlights
Community Rating Strongly recommended
Minimum Transfer $1
Transfer Speed (days) 1 day
Processing Fee Range ($) N/A
Processing Commission N/A
Number of Reviews 9

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 (vary by country):

  • Bank accounts.

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

Typically, money will take minutes to 2 days to arrive. However, this may vary depending on the amount, destination country, currency, and payment and transfer method.

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

How much does it cost to send $1,000 to Mexico with Monzo?

Fees start at $9.63 to send $1,000 to Mexico. However, prices can change depending on the international money transfer payment and transfer methods.

How much does it cost to send $1,000 to India with Monzo?

Fees start at $9.08 to send $1,000 to India. However, prices can change depending on the international money transfer and payment methods.

How much does it cost to send $1,000 to Philippines with Monzo?

Fees start at $10.65 to send $1,000 to Philippines. However, prices can change depending on where the money is sent from and the payment method.

How much does it cost to send $1,000 to China with Monzo?

Fees start at $16.65 to send $1,000 to China. However, prices can change depending on where you are sending the money from and payment methods.

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

    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

    Monzo Money Transfer Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

    +100

    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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