I was just thinking this, but I’m guessing the Wise fee would mean it’s not a profit overall.
Can’t see a rate mentioned
I think the line about the international transfer that earns you Cashback gets returned means you can’t transfer it out and back in
You don’t have to sign up for a whole year
I wouldn’t want to try it. I imagine they’d take a dim view
Please set up an angry Facebook group about it
Same happened to me…
Are you both premium?
My plus email came in to gmail fine but it could be the text that’s a little different that triggered for premium.
Nope, I am Plus
100 percent agree with you. Wise banned me a long time ago for sending a 25.00 payment to Monzo from another bank, so now I cant even use Monzo for international transfers. Starling has their own native international transfer, why cant Monzo?
No doubt they will have their own eventually. This is likely an intermediary step while all that is being worked on in the background as a long-term goal.
Just noticed the cashback is exactly the difference between fast&easy and low-cost Wise fees.
Under the hood Monzo makes a bank transfer to wise so they are billed with a low cost fee, but I guess they charge the fast&easy to all customers to increase margin whilst pretending to apply exactly the same rates.
Thanks to the cashback, this doesn’t apply to plus customers, but I guess this is a made up advantage rather than an actual benefit.
Why isn’t this integrated in to the business accounts yet please ?
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