International money transfer – send money safely for less

An international money transfer is simply a quick and secure way of sending money across borders and between currencies. There are lots of reasons why you might want to do so. Our customers use our money transfer service to:

• send money to relatives, friends and other dependents abroad
• transfer money — salary or pension payments for example — to another of their own accounts
• pay bills

These transfers can be both one-off and regular payments and can work in a few different ways. With Monese, it’s easy to make quick transfers online using our international money transfer app on your phone.

We want to make financial services available to as many people as possible. Our mobile money transfer service is no different!

All you need is a Monese account. You can sign up quickly if you’re aged 18 or over and you live in any of the 31 countries in the European Economic Area (EEA). You don’t need a bank account and there are lots of ways to add money to your account when using our expat money transfer service.

Making an international money transfer online with Monese is often quicker than using a traditional bank. Transferring money between Monese accounts is instant in fact – no matter the country or currency!

Our other mobile money transfer processing times are:

• UK Faster Payments – instant
• SEPA Payments before 11am CET – same day
• SEPA Payments between 11am and 3pm CET – the next working day
• international payments – 2 to 4 working days

The Faster Payments network covers transfers between UK accounts. SEPA stands for the Single Euro Payments Area and helps make our European money transfer service quick and easy. You may sometimes find that a transfer takes longer than usual. This could be because of the processing times of the receiving account, which are out of our control.

Keeping your identity, data and money safe is at the heart of our mobile money transfer service.

There are lots of ways that we keep our growing community safe, from single-phone account access, biometric login, 3D Secure, real-time notifications, multi-factor encryption and authentication protocols, the ability to lock and unlock your card straight from the app to round-the-clock monitoring and more. Check our robust security measures.

Making a cheap international money transfer is easier once you know how the pricing works. Transfer cost can be based on fees, how much you want to send and the exchange rate.

Fees are added by the transfer provider. We’re honest and upfront about our fees, which vary depending on your Monese plan:

• Simple - 2% of your transfer when sending to non-Monese accounts, £2 minimum fee
• Classic – from 0.5% when sending to non-Monese accounts, £2 minimum fee
• Premium – totally free
• Transfers to other Monese accounts are free on all our plans

Some transfer providers offer ‘fee-free rates’ – then hide their charges in poor exchange rates. We offer real-time exchange rates with no hidden mark-up, so you can get more for your money.

International money transfer limits vary depending on who you choose to send them with. We offer incoming and outgoing transfers up to a maximum of £40,000 per day with a GBP account. Learn more about our fees and limits.

You can receive international money transfers in the same way you receive other payments. If your sender doesn’t already have your details, it’s easy to find them through your Monese app.

Tap on ‘Details’ on the home screen to see your:

• IBAN and account number details
• SWIFT/BIC or sort code
• Monese ID

Our mission is to make your money as flexible as you are. You can trust our mobile money transfer service because it’s:

• Low-cost - enjoy great-value exchange rates and free transfers between Monese accounts
• Quick – make fast transfers from our app, wherever you are
• Global – send money locally, across Europe and beyond
• Clear – see costs upfront with no hidden charges
• Safe – our security is part of why millions of people trust us with their money

We’re one of the most popular financial service providers in Europe. Find out more about us.