Hey all! New user here, currently on the wait list for the full app/account access, and doing research.
I am a current US resident who is looking to move to the UK sometime within the next 12-18months(a plan that’s been in the works for years). Recently I’ve been trying to figure out how I should best handle paying for visa application fees(can’t apply for a Tier 2 visa until 3mo prior to planned move date+having an offer of employment, which is why I haven’t done it yet), and I was wondering if it might be a good idea to start a Monzo US account, and then transfer to a Monzo UK account when I move.
I debated using purely TransferWise when the time comes to pay fees, as I read they aren’t a bank account, but frankly my current bank has become more and more ridiculous to deal with since a recent merger/rebranding, and I’ve been tossing around the idea of moving for a while now. I read that Monzo utilizes the same transfer/exchange rates as TransferWise when going from one currency to another, so that + Monzo being a full banking service is what piqued my interest.
Is there any news/prior discussion about moving US->UK or vice versa within Monzo? Has anyone done it before either way?