Hi,
New to Monzo. Just wondered if you can top up the card with Euro’s from a UK account, to lock in a rate?
I got the card thinking this was possible, however cant see how/if it can be done.
Thanks
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The card is in GBP only. There are no plans to change that.
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You would need to get another sort of card like WeSwap
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That’s not quite correct, Monzo will be launching accounts in other currencies (they’re testing EUR & USD at the moment) but only when their international expansion starts, which could be a while yet.
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Hey! It’s not possible on Monzo I’m afraid, using Monzo you will get the precise MasterCard rate at the time of clearance. Revolut allows you to lock in a rate because it has different pots for each currency and you get the interbank rate when moving currencies between pots.
Out of interest why do you want to lock in a rate? Are you an ex Revolut user leaving because of their charges and lack of support? The net difference of currency movement is zero so it seems like a non-offering to me, but something that Revolut have popularised.
For me personally using monzo on holiday means I could be a couple of pounds better off or worse off than if the rate was fixed when I set off for the holiday, which i am indifferent to. I found it slightly annoying with Revolut - before I gave up being a user -to go back to the app and move the euros back to pounds after the holiday, and then you can’t be sure if you’re being charged a spread (without deep research into their policies) because of their weird less-than-transparent policy on (higher) weekend rates.
Hope you enjoy your Monzo card!
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may be, but if you have regular long term commitments in Euro such as rent or mortgage it is better to have the amount fixed than volatile
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You could also get on the short list for a Monese EUR account as it looks like Monzo having a EUR account is a year or two behind them
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Thanks all. This is the first time ill be taking one of these cards away with me (I prefer cold hard cash). I suppose realistically there ‘should’ only be small fluctuations so the risk is small.
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That’s the thing, unless my budget is so tight that I’d miss out if the rate becomes worse, I save myself the hassle & stick with Monzo.
The rate might get better too 
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