Hello all,
My daughter is in New Zealand and has a New Zealand bank account.
How much will it cost me to transfer money to her from my Monzo account?
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Just a tiny fee, and it’ll be shown before you confirm the payment. It goes via TransferWise - details are on the blog https://monzo.com/blog/2018/06/25/monzo-international-transfers/
Just did this in the app to show you - sending ÂŁ20, my contact gets $37.70 and the fee is already taken out of that.
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Over 5% transfer fee (£1.1/£20)? Revolut have a similar FX rate but no transfer fees. Or is there some kind of “fixed” cost element with Transferwise and the rest variable (like £1 fixed and then 0.5% variable)?
Thinks it a fee and a % so always looks a bad if it’s a small amount being sent
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Certainly makes more sense now. And the FX rate is better too 
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