Card and account details for current accounts


(Naji Esiri) #82

Not yet :slightly_smiling_face: Current Accounts don’t yet have the functionality to receive international payments and as a result you won’t have an IBAN yet.


#83

Naji can you confirm that Monzo CA WILL be able to receive AND send international payments/transfers? And if so is there a rough timeframe?

I tried accessing the roadmap but got an error message. Thanks:)


(Hugh) #84

No support for IBAN/BIC and thus SWIFT. Roadmap says 6 to 12 months.


#85

Not sure if it helps, TransferWise recently reduced some of its (already low) fees. I suspect you may already be aware of this service and/or using it?


What’s in it for you: A free money transfer


(If there's the wrong end of a stick, you'll find me holding it.) #86

And I’ve found Western Union offer good rates if you’re willing to wait a few days for the transfer. WU and Transferwise only go one way, though.


(Bob) #87

Roadmap is here and international transfers appear to be 3-6 months away.


#88

As @Johnny said Transferwise are great and in not so distant future Monzo are going to bring them in Marketplace I think.


#89

Yup, thanks though.

I’d just love if I could do everything through ONE app/bank rather than having to keep track of which app is for which service.


#90

Ohhhh that could be VERY interesting!


#91

I think give Monzo a year or so they do have plan to make Monzo App your one stop for most financial needs. Personally I am willing to wait for product to develop and mature.


#92

Thanks I have no clue as to why I couldn’t access it…
I like the 3-6months goals, plenty of very important features!
For international transfer however I’ll reserve judgment until I see what their proposed fee is


#93

Same here, I just want to know that there a plans to make such services happen :slight_smile:


#94


I found this reference to what I said earlier :slight_smile:


(Adrian Stefan) #95

Was thinking about creating a button to easy share the account details with 3rd party apps for easy transfers between contacts that don’t have monzo


#96

and also share IBAN too.

some banks do this where it shares both. Monese have it where a dialogue asks if you want to share local or international format


(Shaun McDonald) #97

The android app already has a share account details button.


(Karl Atkinson) #98

Where is that? Can’t find it in the preview android app.


(Shaun McDonald) #99

I’m on the main app, and not the separate preview app. It’s in the hamburger menu in the top left > settings > scroll down to the bottom of the bank account info and “share account details”. This uses the standard share facility in Android.


(Tony Hoyle) #100

On the preview app long press the account number and it’ll copy it into the clipboard. I find it’s a bit fiddly to get the exact place to press.


(Richard Bairwell) #101

I actually thought of using TransferWise for IBAN/BIC transfers on Monday. Amazon UK have changed their affiliate payouts to go via IBAN instead of the old sortcode/account number - but my business bank account (Cater Allen) doesn’t really “do” IBAN (you have to route it through another bank with a reference code - something Amazon won’t allow). So I tried using my TransferWise Borderless account - Amazon UK will only pay in GBP so setup a TransferWise Borderless GBP account… And no IBAN/BIC :frowning: Only available on the EUR accounts sob.