Receiving USD into monzo account?


(Alex) #1

I have a freelance editorial gig from the US. The company will be paying me in USD. With the new partnership with TransferWise, will I still be kicked up the bum with GBP conversion fees like PayPal?


#3

You can’t yet receive USD directly into your Monzo account but they are working on it and here is the blog post about their plan…

In the mean time I would say use Transferwise Borderless account to receive USD payments and then convert them into GBP of couse there will be conversion fee. Another option is to open a Fineco Bank Account they offer accounts in 4 currencies GBP, USD, EUR and CHF. I think they don’t charge any fees to convert but transfers can take a few days.