Choose which currency you want, how much you want to send and the Monzo app checks the exchange rate and debits the correct amount of £ from your account?
I imagine that might be a lot of work but it does sound cool.
What’s the use case though? Given that Monzo accounts will always be in £?
Say you’re abroad and need to pay your friend an amount but you know it in the local currency, not in £. It would mean you don’t need to work it out yourself.
Don’t we call it Money Transfer Service just like Transferwise
Is transferwise available within the Monzo app?
It’s on the roadmap… Check the links below;
Hey - you can already do this with Revolut. Works the same as Monzo but you can pay friends back / split bills in local currencies AND transfer between currencies at the interbank rate
Stephen, you might be interested in this thread where your suggestion has also been discussed:
I see that the timeline was changed in July to the near future ie. 3-6 months. Do you have any update as to when the international payments will be functional?