Foreign Exchange Rate and Balance When In Other Countries

[alexs (Alex Sherwood)]

That would be handy there’s some more details about Monzo’s plans for this here -

Current Account in other currencies

I can see why this would be useful for users who receive payments in foreign currencies or might want to speculate on currency fluctuations. But since Monzo offers users the MasterCard wholesale rate for currency conversion with no fees (even hidden fees ), I’m not sure how this would benefit travelers to be honest. Am I missing something here? On the plus side, we know that Monzo are testing EUR & USD accounts (in preparation for their international expansion) so as long as residents fr…