I couldn’t find a topic that deals with this issue after current accounts are launched. Will current account holder be able to transfer money abroad right away after the accounts are activated? Would there be commission etc like traditional banks or would it be the MasterCard rate only?
If transferring money abroad is not on the cards yet, could Monzo do a tie up with TransferWise in app to transfer money abroad? As most of the customer base is tech savvy I doubt they’ll pay transitional fees for transfers anyway with prolification of cheap money transfer services.
I find TransferWise to give the best rates for sending money abroad. I did try OrbitRemit, but they were quite useless. and for transferring £6.5k only £2.00 cheaper. Anyone that knows better I’m all ears.