This may be a daft question, but I’m not sure.
I work freelance on a language teaching website called Italki who pay their teachers in USD via Payonner or Paypal.
In the past, I’ve had Payonner send this money on into my normal UK bank account as GBP which Payoneer charge a roughly 2% conversion fee for.
My question is: if I tell Payoneer to send the money in USD to my new Monzo account, will Monzo convert that into GBP for me and will I be able to take advantage of the better, unadulterated conversion rate Monzo uses? Has anyone tried this, will it work? There’s one other similar topic from someone trying to do this, but they were still on a pre-paid card, so I imagine the situation was different then.
Thanks very much