I have a Monzo account in the UK as a resident but I am working in the USA on a visa as a non resident alien. I send home on average $2,000 a month back to a 1st Direct Account via Transferwise but Transferwise fee’s have rocketed since launch. I am likely to use a Chase checking account to make use of the free ACH transfers to Transferwise. However, surely inter-Monzo transfers could be hyper competitive?
Just a thought from a Simpleton… GL guys the market for challenger banks is heating up!
