Monzo Money Transfer
Would you recommend Monzo Money Transfer to your friends?
| 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.
| 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 |
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Monzo Money Transfer Community Reviews
Would you recommend Monzo Money Transfer to your friends?
