First time poster and not sure if this is the correct place to ask this question - please point me in the right direction if you have any recommendations.
I only want to know if I can receive ACH payments from a United States employer to my UK Monzo account.
Any advice/help would be greatly appreciated.
Many thanks
K
Anarchist
(Press ‘Help’ search ‘Contact us’ or email help@monzo.com or call 0800 802 1281)
2
Searching Google brought this up in less than 30 seconds.
ACH payments can’t be made in the UK, Eurozone, or anywhere else outside the United States. The ACH network is a US payments network only.
You can’t. I think a TransferWise account would be your friend here - you get an account which has US ACH details as well as the UK one. I can’t think of any others who offer this.
I’m already getting paid into a UK (mainstream) bank account via ACH but the currency exchange fees and loos of money is huge, so looking to find an alternative way.
Are you a contractor? Starling offer USD accounts for businesses but Transferwise is probably your best bet
Anarchist
(Press ‘Help’ search ‘Contact us’ or email help@monzo.com or call 0800 802 1281)
6
Wise is something worth looking into. You can have a debit card with U.K. and US bank details and transfer the money between them. You’d need to be sure it can accept ACH payments, though.