Hello All,
Just wondering if there are limits on what you can receive to your Monzo account.
I live in the UAE and want to transfer 30k GDP from my UAE account to Monzo. The money is legit and accounted for.
Has anyone had any issues?
Thanks.
Hello All,
Just wondering if there are limits on what you can receive to your Monzo account.
I live in the UAE and want to transfer 30k GDP from my UAE account to Monzo. The money is legit and accounted for.
Has anyone had any issues?
Thanks.
Hi
I’m not sure you’ll be able to send that straight to your Monzo as international payments are a bit finicky.
I had a much smaller inbound international payment and was advised by a COp to open a transferwise account and then move it through that way.
I think this thread outlines the best ways of making international payments:
Hey!
I’ll have a read of the thread.
I’ll be using a similar currency broker to transfer the monies, GC Partners.
Will that still be flagged?
Thanks for the advice.
Who do you bank with in UAE?
It’s not that I can comment on whether it’ll be flagged (I don’t know that it will or won’t - I’d suggest mentioning it to Monzo though).
It just Monzo doesn’t strictly accept inbound foreign transactions - so I had to receive the incoming payment into my Transferwise and then send it to my UK Monzo Account.
Your best bet would probably be to contact COps through the app!
I bank with HSBC
Ah ok I understand.
I don’t think Transferwise accept Dirham right now. But I’ll search for alternatives and speak with Monzo.
Cheers!
I’d imagine HSBC to HSBC would be the safest bet, even if it is a bit costly. That amount of money crossing borders is likely to get anti money laundering antennas twitching.
I have an ENBD account in AED and GBP so I just transfer to that then out.