Receive international payments into your Monzo account

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Receive money from around the world via SWIFT. 40+ currencies converted to pounds, ready to spend.

All you need to do is share your IBAN (International Bank Account Number) with whoever’s paying you. 

Access your IBAN on the Manage account screen of your Monzo app next to your other account details, like sort code and account number. From the Home screen, tap the three dots on your Monzo card and then tap 'Manage account'.

Tap 'Learn more' below your IBAN to see a list of the 40+ accepted currencies.

If you’ve got more than one Monzo account (for example, if you have a joint or business account), you’ll have a different IBAN for each.

Receive international payments

We’ll charge a 1% conversion fee, with a fee cap of £1,000 per transaction.

We convert payments in accepted currencies to GBP before the money appears in your account.

So, for example, if you get a payment worth £100, we’d take £1 and you’d get £99. And the fee for any amount over £100,000 will be £1,000. We charge the same fee for all currencies, including euros.

The fee only applies if we’re converting one of our accepted currencies to pounds for you. If the bank that’s sending the money has already done that, we won’t charge you.

The exchange rate we give will be the market rate.

This is the true market rate for currency exchange without any markup and is typically the rate you will see online when searching for an exchange rate.

You can use this feature to get euros through the Single Euro Payments Area (SEPA) Credit Transfer scheme. 

It’s a trusted method for transferring money digitally across Europe, and it covers a group of countries that support euro payments.

The scheme currently covers 36 countries and territories: all 27 EU Member States plus the United Kingdom, Iceland, Norway, Liechtenstein, Switzerland, Monaco, San Marino, Andorra and the Vatican City State/Holy See. *

You can also send money abroad with Wise from your Monzo account at typically lower costs than Western Union, MoneyGram and Xoom, as well as high street banks.** 

We’ve already partnered with Wise to give you a simple, cheap way to send money abroad.  You’ll find this feature on the ‘Pay’ screen, and it takes a few taps to set up. Clearly see what it’ll cost you, how much the recipient will get, and how fast the recipient will have the money in their account. And once you send someone money, we’ll save them as a payee – so you won’t have to type their details out again.

* Correct as of 30 January 2024

** 500 GBP transfer to EUR collected on 30 January 2024. You can read more about how Wise compare their prices to other international transfer services here, and read their comparison disclaimer here.

Information in this blog is correct as of 30 January 2024.