# Euro transfers in your Monzo account **URL:** \ **Category:** Monzo Chat\ **Created:** [29 March 2023 12:14 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814 "2023-03-29T12:14:45Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![KushalBabla](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/kushalbabla/32/117492_2.png) [@KushalBabla](https://community.monzo.com/u/KushalBabla)\ **Post date:** [29 March 2023 12:14 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/1 "2023-03-29T12:14:45Z")
Hey everyone šŸ‘‹ Iā€™m Kush, a product marketer in the Business Banking team and part of the team working on the roll out of euro transfers šŸŽ‰ > **[Euro transfers to your Monzo account](https://monzo.com/blog/2023/04/03/euro-transfers-to-your-monzo-account/)** > > From 3 April 2023 you can get euros sent to your Monzo account, and weā€™ll convert them to pounds for you. We know this is something Monzo customers have been asking for and weā€™re really excited to be able to offer this soon. Donā€™t worry if youā€™re reading this and havenā€™t got an email about it yet, the emails are on their way out and youā€™ll have access from Monday. Weā€™d love to hear what you think when you get a chance to use it šŸ˜ƒ ---
**Author:** ![AlanDoe](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/alandoe/32/45031_2.png) [@AlanDoe](https://community.monzo.com/u/AlanDoe)\ **Post date:** [29 March 2023 12:17 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/2 "2023-03-29T12:17:23Z")
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**Author:** ![Alexxxxx](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/alexxxxx/32/109624_2.png) [@Alexxxxx](https://community.monzo.com/u/Alexxxxx)\ **Post date:** [29 March 2023 09:34 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/3 "2023-03-29T09:34:42Z")
Sure thereā€™ll be an official post soon but thought this was vaguely the best thread for the moment. Inbound euro transfers now supported: ![IMG_1583](https://global.discourse-cdn.com/monzo/original/3X/8/1/814b0ac2cb881890a288313dc5a96a02c6f5b0d6.jpeg) ---
**Author:** ![DazF](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/dazf/32/20424_2.png) [@DazF](https://community.monzo.com/u/DazF)\ **Post date:** [29 March 2023 10:58 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/4 "2023-03-29T10:58:23Z")
This is good news, I wonder in the future whether you could have a euro pot (saving exchange fees) and then using this pot when in Europe? šŸ¤ž ---
**Author:** ![o99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/o99/32/83033_2.png) [@o99](https://community.monzo.com/u/o99)\ **Post date:** [29 March 2023 11:55 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/5 "2023-03-29T11:55:48Z")
I donā€™t have much need for this myself, but out of interest how competitive is 1% conversion fee for receiving payments in euros? Also, I donā€™t see an IBAN number in the manage tab (even though I also got the email). Edit - just noticed it says from Mon 3 April. ---
**Author:** ![kolok](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/kolok/32/46634_2.png) [@kolok](https://community.monzo.com/u/kolok)\ **Post date:** [29 March 2023 11:10 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/6 "2023-03-29T11:10:58Z")
![Screenshot_20230329-121038](https://global.discourse-cdn.com/monzo/original/3X/1/6/16a0767c9704f25b1f69771b6f45fdc99e94275f.jpeg) Looks like [https://www.currencycloud.com/](https://www.currencycloud.com/) , shame they donā€™t seem to have a public currency conversion rate checker, hopefully monzo builds one into the app. ---
**Author:** ![o99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/o99/32/83033_2.png) [@o99](https://community.monzo.com/u/o99)\ **Post date:** [29 March 2023 12:26 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/7 "2023-03-29T12:26:56Z")
I know the blog/announcement is focussed on receiving Euros, but now that the IBAN is being added to the app, is there now formal support for receiving GBP from anywhere in the world? What happens if someone tries to send a currency other than GBP or EUR? ---
**Author:** ![dinosm](https://avatars.discourse-cdn.com/v4/letter/d/71c47a/32.png) [@dinosm](https://community.monzo.com/u/dinosm)\ **Post date:** [29 March 2023 13:42 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/10 "2023-03-29T13:42:22Z")
Itā€™s great to be able to do this at all, but 1% is quite hefty in this day and age when multiple competing products offer cheaper or free alternatives. Itā€™s very easy and can be significantly cheaper to keep receiving Euros in Revolut, Starling or Wise, exchange it to GBP there and send a free Faster Payment to your Monzo. At the very least I expected Monzo to have a fee-free allowance for Plus and Premium customers. ---
**Author:** ![Revels](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/revels/32/120556_2.png) [@Revels](https://community.monzo.com/u/Revels)\ **Post date:** [29 March 2023 14:14 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/12 "2023-03-29T14:14:15Z")
ā€œMONZO MUST DO THIS THING!!!11!!oneā€ Monzo does the thing ā€œNot how I wanted it. I wanted it for free. Iā€™ll keep doing it elsewhereā€ ---
**Author:** ![Chris\_R](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/chris_r/32/52490_2.png) [@Chris\_R](https://community.monzo.com/u/Chris_R)\ **Post date:** [29 March 2023 14:17 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/13 "2023-03-29T14:17:09Z")
> [@dinosm](#): > > but 1% is quite hefty in this da Not so much really. Starling charge 2%, Halifax add 3.55% as a fee for Ā£0-10k, and only get as low as 1.5% when youā€™re receiving Ā£250k+ > [@KushalBabla](#): > > We know this is something Monzo customers have been asking for and weā€™re really excited to be able to offer this soon. Well done!! This is great news, and been on the to-do list for a looong timešŸ„³ ---
**Author:** ![o99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/o99/32/83033_2.png) [@o99](https://community.monzo.com/u/o99)\ **Post date:** [29 March 2023 14:23 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/14 "2023-03-29T14:23:53Z")
Yes, I understand. But there is a fee for that conversion and I was curious how competitive it is compared to other banks. From @Chris_R post it seems quite competitive when compared to Starling and Halifax. ---
**Author:** ![Chris\_R](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/chris_r/32/52490_2.png) [@Chris\_R](https://community.monzo.com/u/Chris_R)\ **Post date:** [29 March 2023 14:26 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/15 "2023-03-29T14:26:12Z")
Iā€™m no expert - I had to look the other month for a payment. I think Wise may be cheaper, but I wanted it to go to a traditional bank account. ---
**Author:** ![o99](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/o99/32/83033_2.png) [@o99](https://community.monzo.com/u/o99)\ **Post date:** [29 March 2023 14:27 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/16 "2023-03-29T14:27:57Z")
Yeah, Iā€™m sure there are cheaper routes, but Iā€™m specifically interested in what actual banks are charging. ---
**Author:** ![Chris\_R](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/chris_r/32/52490_2.png) [@Chris\_R](https://community.monzo.com/u/Chris_R)\ **Post date:** [29 March 2023 14:29 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/17 "2023-03-29T14:29:21Z")
Halifax, Lloyds and Bank of Scotland all have the same charging structure. If someone wants to check others to compare that would be interesting to me too šŸ˜‰ ---
**Author:** ![phildawson](https://avatars.discourse-cdn.com/v4/letter/p/bbe5ce/32.png) [@phildawson](https://community.monzo.com/u/phildawson)\ **Post date:** [29 March 2023 14:56 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/18 "2023-03-29T14:56:31Z")
I had thought it was lower but youā€™re right its 2%. I guess you would use the Euro account if frequent ---
**Author:** ![j06](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/j06/32/97044_2.png) [@j06](https://community.monzo.com/u/j06)\ **Post date:** [29 March 2023 15:16 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/19 "2023-03-29T15:16:23Z")
> [@Revels](#): > > ā€œMONZO MUST DO THIS THING!!!11!!oneā€ _cf._ ā€œWould someone please compare all the high street banksā€™ fees and conversion rates, and let everyone here know which is competitive, because I canā€™t be bothered.ā€ ---
**Author:** ![gt94sss2](https://avatars.discourse-cdn.com/v4/letter/g/ee7513/32.png) [@gt94sss2](https://community.monzo.com/u/gt94sss2)\ **Post date:** [29 March 2023 15:39 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/20 "2023-03-29T15:39:03Z")
1% seems very expensive to me when compared to transferring the EUR to a free [HSBC Currency Account](https://www.hsbc.co.uk/international/currency-account/) and then converting it to GBP via a [Global Money Account.](https://www.hsbc.co.uk/current-accounts/products/global-money/) Eventually, using the Currency Account wonā€™t be necessary, once HSBC allow the Global Money account to accept EUR directly - which is on their roadmap. The HSBC Global Money Account charges around the same as Revolut or Wise. ---
**Author:** ![dinosm](https://avatars.discourse-cdn.com/v4/letter/d/71c47a/32.png) [@dinosm](https://community.monzo.com/u/dinosm)\ **Post date:** [29 March 2023 16:19 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/21 "2023-03-29T16:19:58Z")
> [@Chris\_R](#): > > Not so much really. Starling charge 2%, Receiving Euros in the Euro account is free and converting it to GBP is 0.4%, which is what one would use rather than receive the Euros directly into the GBP account. > [@Revels](#): > > Not how I wanted it. I wanted it for free. Iā€™m sorry for productively pointing out a negative aspect of the implementation of this otherwise useful feature. I will try to just praise Monzo for everything they do in the future without question or negativity. ---
**Author:** ![Chris\_R](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/chris_r/32/52490_2.png) [@Chris\_R](https://community.monzo.com/u/Chris_R)\ **Post date:** [29 March 2023 16:23 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/22 "2023-03-29T16:23:59Z")
> [@dinosm](#): > > Receiving Euros in the Euro account is free and converting it to GBP is 0.4%, which is what one would use rather than receive the Euros directly into the GBP account. Itā€™s only 0.4% if you have a euro account. Not everyone is going to have one. Itā€™s 2% for euros to a standard account ---
**Author:** ![Revels](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/revels/32/120556_2.png) [@Revels](https://community.monzo.com/u/Revels)\ **Post date:** [29 March 2023 16:31 UTC](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814/23 "2023-03-29T16:31:40Z")
You compared apples to oranges and quoted what I said without context. But well done on your passive aggressiveness. [Next page](https://community.monzo.com/t/euro-transfers-in-your-monzo-account/145814.md?page=2)