I currently have an HSBC global account which means I have a US and a UK checking/current account. In general this works well for me - I can do direct debit on both sides, have loans and credit cards with them, can do bill pay on both sides etc. However, the FX rates are not good and so I have to transfer USD out of the US account into a 3rd party US FX processor, then convert to GBP, then transfer into my UK current account… a pain to say the least.
Will Monzo allow me to have a global account - i.e. if I open a US and UK account (I don’t currently have a UK account with you) will I be able to have full functionality on both and easy management / money transfers between them?