We’re improving international transfers, powered by Wise 🌍

Hi @Remi :wave: Just a reminder that we haven’t actually released the new flow yet (hence why you had to enter payee details each time - a pain I know!).

If you’d like to try out the new flow, DM me or @jackcully and we can sort it out for you.

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Hey @lilica :wave:

Just drop me a DM and I’ll give you some instructions.

Thanks!

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Thank you. You will laugh at this but how do I send a DM? (sorry!)

No laughing here! Perfectly reasonable question. Just click my name, then you should see “Message”?

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SEPA payment must be fee free :thinking:

But yes, it’s shocking that Spanish bank charges on top :flushed:

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I’ll make a test payment from my Starling € account :nerd_face:

Will let you know, did they charge me on top or not :neutral_face:

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Indeed, and the U.K. is still a SEPA member even after Brexit so there shouldn’t be charges to receive money from a GB IBAN.

It sounds like the Spanish bank may be breaking the rules.

Transferring via Wise would be a good way to get around it, though, as then the money would be technically “coming from Belgium”, obviously inside the Eurozone (through the Wise BE IBAN).

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Will this allow us to create a scheduled transfer for eg 50 EUR each month?

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That’s why I closed my starling account, it was very expensive. I don’t know if every spanish bank charge for this but BBVA does.

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Starling is not expensive for me at all :relaxed:

It’s making a few extra pennies when you do currency exchange, but I didn’t notice it ripping me off :nerd_face:

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@jackcully thanks for the access to test it :relaxed:
All went very smoothly :nerd_face::+1:

Sent £20 to my Lithuanian bank account :pound: :bank: :euro:

My IBAN I used before was saved on my records, so it was handy :blush:

After I made a payment, €s arrived to my Lithuanian :lithuania: account within a few seconds again from same BE account :belgium:

20 min after the transaction :monzo: still shows status as “waiting” :neutral_face:

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I sent €20 yesterday from my Starling Euro account :euro:

It arrived today and none nor Starling :uk: nor Swedbank :lithuania: bank charged me any extra :blush:

Extra charges must be related with :ceuta_and_melilla: bank(s) :thinking:

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Thank you so so much for checking. How nice of you to test :pray::+1:

The Bank in Spain :es: that had these horrible charges was Sabadell :see_no_evil:

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Exactly. Sabadell did it as well. How annoying! :confounded: :confounded: :confounded:

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Just to let you know, you’ve redacted your full name on all the screenshots except for the last one.

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This is good to know. Thank you :hugs:

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Starling is not expensive, the problem is my Spanish bank, they charge me because starling use a GB IBAN, so my only choice is wise now.

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Thanks, I noticed it after uploading :sweat_smile:

Not a big deal tbh, as there are no sensitive information :smirk:

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I’m also very happy to test if you are still looking for participants.

I’m writing this reply because it sounds like I need to make a post or two before I can DM.
(How to send a private message to someone on these Monzo forums?)

I make semi-regular remittance payments to New Zealand. I am one of the (probably numerous) people who requested saved-international-payee functionality.

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Just made another test payment to my Revolut :euro: account :nerd_face:
All went smoothly as expected :heart_eyes_cat:

Payment arrived within a few seconds :sunglasses:

Revolut does not show additional information where money arrived from apart “TransferWise” :thinking:

Revolut pdf statement does not show reference name :grimacing: :point_down:
(but it’s seen in “note” section on the app :point_up_2:

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