Pay contacts in different currencies

[Wstevie (Stephen)]

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?

[leonardh (Leonard)]

I imagine that might be a lot of work but it does sound cool.

[crablab (Hugh)]

What’s the use case though? Given that Monzo accounts will always be in £?

[Wstevie (Stephen)]

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.

[SC95]

Don’t we call it Money Transfer Service just like Transferwise

[Wstevie (Stephen)]

Is transferwise available within the Monzo app?

[SC95]

It’s on the roadmap… Check the links below;

Monzo 2 years on - the startup threat big banks still "don't get" - The Memo

As you’ve probably guessed from the title, here’s a new interview with Tom https://www.thememo.com/2017/03/28/monzo-2-years-on-the-startup-threat-big-banks-still-dont-get/ A few highlights £160m spent on Monzo cards to date And then hopefully by end of summer, you will see most people transition across. [to the current accounts] We will have TransferWise (foreign money exchange) plugged in. One of our investors did an awareness study to see how many people knew about all the new s…

[Jim93 (Jim)]

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

[jzw95]

Stephen, you might be interested in this thread where your suggestion has also been discussed:

Monzo to Monzo payments in foreign currencies

I have just come back from a holiday in Europe with several friends who all used Monzo cards. We often found ourselves splitting the bill and sending money between cards but had to manually work out how much we owed each other in Euros as Monzo only allows transfers in Pounds. A feature that could either change the currency being sent between Monzo cards or that could calculate how many Pounds would need to be sent by inputting the value in Euros would be really useful!

[Ricardoveras]

Hi guys
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?
Thanks
Ricardo