Transfers in €


(Ruben) #1

Hello:

If I receive a transfer in € in my account, does Monzo charge commission for making the change to £?

Thanks for answering.


(Graham - Mental health professional) #2

I’m pretty sure it’ll need converting to GBP before it can be credited to your account using such tools as Revolut or TransferWise.


#3

Monzo can receive payments in Euros, and they will perform the foreign exchange. They don’t mention what rate is used, though:

This doesn’t apply to SEPA credits, though, so you’re best using TransferWise unless you’re sure how the money is being sent.


#4

When I received a refund into my account in euros it was converted fee free and at the mastercard exchange rate as would be done for card payments.


#5

Was this a card refund, or a transfer into your account?


#6

It was a card refund so I do appreciate it could be different.


(Ruben) #7

Thank you sou much for everybody :smiley: