Receiving international payments with Monzo

Haha true! I’m just looking for a new flat in Soho and man?! I just heard my bank account getting crushed :scream: :scream: :scream:

We’ve shared an update on receiving international payments here:


Transferwise works better on bunq account cause they show all account details saved to be used in the foreign currency but when you use transferwise on monzo you must type in details every time which isn’t as easy

Hi there. Big deal for me, what’s the ETA (informed guesstimate is better than nothing, but if guesstimate, please qualify as such) of being able to receive / send money abroad, in particular from EU via SEPA/IBAN

I cannot give you either but it is a problem for me also, the lack of IBAN and the inability to specify the exact amount to be sent in the foreign currency are two of the main reasons I have now moved to Starling which offers both of these facilities


Latest status is:


Tweeted this at the Monzo account yesterday… thought I’d just add a bit of noise here as well.

I’m really keen to make the full switch to Monzo, but I’m currently unable to because my employer – like other large corporates – requires an IBAN for their payroll system.

I’d love to start using Monzo as my central banking hub, but this limitation means I can’t start the switching processing. As a result I’ve just downloaded and started exploring what Starling offer as their accounts have IBANs.

Transferwise isn’t an option because on principle I don’t like the idea of having to pay an additional 65p each month just to receive my salary (the Transferwise fee for sending GBP to Monzo).

Appreciate there’s lots of complexity behind this, but would love to see this feature get some traction.


I’d look at opening a Revolut account (which is free), at least until Monzo’s international payment routing mechanism is fully in place.

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Hi, I wanted to ask cause I’m not sure and I’m quite new to Monzo - I work in UK and my salary goes on my Monzo account (in £ ofc), the transfer is automatic. In couple of weeks I’m going abroad for holiday and my next payment day is gonna be when I’m already abroad (in Poland to be specific). Is it gonna be any problem to get my salary because I’m gonna be abroad in that moment? Cheers!

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That won’t be a problem at all. Your salary will still be paid into your UK Monzo account, you could be anywhere in the world :grin:

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Thank you :):blush:

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For what it’s worth: I opened a Starling account in the end for receiving my salary. (There’s a few reasons I wouldn’t go with Revolut but the main one is lack of FSCS protection).

Hopefully Monzo will get up to parity with Starling et al on international payments via SWIFT/SEPA soon.

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Seems to have gone very quiet on the receiving international payment front…

Is anyone still working on this?

Is there an update that can be shared (assuming I haven’t missed one)? Even if there isn’t any progress would be good to know if this is still on the radar or not?


Bueller? Bueller? Bueller? Bueller?

Any update on this? Been waiting more than one year. Perhaps, time to start moving to Revolut.


My employer also asks for IBAN for both expenses and salary payments.

I’m not entirely sure why they do though, as my salary still comes in as normal BACS direct credit from a UK bank account of theirs.They say they send expenses via ACH transfer (which I think is an American scheme?), but those still come through okay as well.

So it may be worth speaking with your employer or colleagues to see how they’re actually paid, as you may be like me where it looks like it requires an IBAN but in reality they just use that data to come up with the sort code/acc number and send it via direct credit anyway.

Im surprised nobody from Monzo cant even be bothered to reply regarding any plans on implementing iban but found this one:

Does it even work ?
Heard some people say they tried everything and not working and iban is still not available.


I know right… Some official word would be greatly appreciated here.

I tried that IBAN in my foreign account and it isn’t recognised.

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It’s not guaranteed to work, but yes you can generate your own IBAN using any online IBAN generator.

I receive regular international payments into my Monzo account and it has worked every time (in some cases, the sending bank is even able to verify that it is a Monzo account before sending).

In one case, I’m even able to receive inbound international payments as Faster Payments (I have no idea how) which means they have arrived between 6 minutes and 4 hours after hitting send on the other side.

The only thing to note is that not all transactions will work, some may be returned to the sender. And Monzo can’t give any guarantees at this stage.

But the way I’ve done it is to send a small test payment first.