The cost of making an international transfer with Monzo.
When you send money internationally with Wise in Monzo, you get the convenience of not having to leave your Monzo app to make the transfer.
Wise charges a Transfer fee (of which Monzo gets a portion) that consists of the Wise fee and a Partner fee.
The fee consists of a small fixed fee and a variable percentage — the larger the amount, the smaller the percentage.
The Partner fee is 0.30%, which covers development and maintenance costs, and a small margin for Monzo to offer this product sustainably.
Example Transfer Fee on Monzo.
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If you make a 1,000 GBP international transfer in Monzo, the Transfer fee you see consists of the Wise fee and the 0.30% Partner fee.