When making international transfers from Monzo account, which bank account details would the recipient see as the source of funds? Is it going to my Monzo bank account details or some other random Wise details?
Where can I find out what the intermediary banks you would be using to transfer to a specific bank in USA?
Can my Monzo account receive GBP and other currencies?
What are the fees involved in sending and receiving funds in GBP or in another currency like USD, AUD etc?
Monzo have partnered with Wise to allow you to send money internationally. All costs and such are explained in app if you go through the steps. This should answer all your questions.
See here:
You can only receive GBP to your Monzo account.
More information on this is here:
What happens if someone sends USD, AUD or EUR to the account?
Read the article, it is covered in there 
Most confusing article I have ever seen especially from a regulated bank. I prefer the fees to be as clear as black and white. What is the answer to my question?
What question are you asking now?
You keep asking different ones, all of which have so far been answered in that article or in this topic.
Outstanding questions:
Thereās no fee for receiving money and the conversion rate is near perfect BUT inbound international transfers are not officially supported by Monzo. Some banks mainly within SEPA can reach Monzo but others cannot and the money will be returned to sender. Itās easier to just use another bank (or Wise) if possible.
I donāt know the answer to this, but I would say youād be better off creating an account directly with Wise - you then end up with your own personal account/IBAN etc. which will help you in this situation.
Not sure anyone on the community will know the answer to this - weāre not staff by the way! Best to ask in app via chat or better still, do what I mentioned above and just deal with Wise directly.
The Wise integration is great for people who just need to do the occasional transfer, but if you need something more advanced (like you do in your situation) itās better to just go direct.
It doesnāt matter to us how Monzo provides international funds transfers, whether via Wise or not, so long as it is legal and source of the funds are easily tracible. Wise traceability is not possible easily from what I know.
Basically you are saying not to use Monzo for international funds transfers in. For outgoing if Wise can be used, then to use Wise directly.
It would have been better to be clear on this, rather than an article thatās very confusing.
I like Monzo for other services. It will be good if one day Monzo could offer international transfers like a proper bank.
I have received Euro deposits into my Monzo account so it is possible to receive currencies other than GBP. It is just converted into GBP on receipt.
Whilst international transfers into Monzo are not officially supported, if it works it is possible to deposit other currencies.
If you donāt want to use Wise then youāll need to use another bank.
"You can make up your own IBAN using some web tool, but itās not guaranteed that things will arrive so itās not something people should risk, I think
But if someone feels adventurous and is happy to risk their money getting lost in the ether, then there are tools out there"
Sounds like unregulated cryptos to me. money can get lost in the ether. We are using banks for safety, but not for that.
You have a choice, use Wise, use an IBAN generator and risk it. Use an actual account that has international payment support.
Thatās as cut and dry as it can be.
Buyer beware style.
It seems āunwiseā choice to use Monzo/Wize for international payments.
Ideally we want Monzo representatives to respond, rather than peopleās opinions.
I donāt see the issue, itās clear from all the marketing that Monzo donāt fully support international payments. If someone happens to ignore that warning when signing up for an accountā¦ Well thereās nothing Monzo can do about that
FSCS is there to settle any shortfall + additional compensation, which ends up coming out of Monzoās profits. So best to either provide the service properly or not provide at all.
Keep up the random chuntering, youāre making even less sense now.
Well, one thing I learnt is not use Monzoās international payments systems, as there are issues with payment transparency and traceability.
I learned that before even signing up for an account, itās there in black and white. You either choose to use it or do one to another bank that has full support.
My point is more that the statement āYou can only receive GBP to your Monzo accountā was incorrect. A Monzo account can technically receive deposits in a currency other than GBP even if international transfers are not recommended.
The reason I point this is some banks do specifically block deposits in other currencies. My bank in the Irish republic will only accept Euro to Euro transfers so deposits of GBP are rejected and not converted on receipt as a Monzo account can do.
