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.
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?