I opened a Monzo account recently, but am having trouble getting any funds into it. I bank with Chase in the US and when I try to set up a wire transfer, Chase doesn’t recognized Monzo’s BIC. Any suggestions for how to make this work?
Monzo doesn’t officially have the ability to reliably receive international payments yet which is why. Also Chase might not have updated their bic database in a whole. Not sure how it works for them. I’d raise it to Chase and also Monzo via in-app chat.
I think Transferwise might be a more reliable method for you (and maybe cheaper).
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