Converting your balance into another currency
You can only have British pounds (GBP) in your Monzo account, so you can’t convert your balance into another currency.
But you can use your card abroad to make payments in any foreign currency. When you do, we use the Mastercard ‘wholesale’ rate without any mark-up on the exchange rate. So you’re always getting the best rate possible.
You can check the current exchange rate on the Mastercard website.
Was this article helpful?
Related articles
- 9 reasons travel is better with Monzo
- Moving abroad
- Tipping in the USA
- Where Monzo cards are accepted
- Understanding your limits
- Understanding fees for using your Monzo card abroad
- Understanding fees for using your Monzo card abroad
- Why you were charged extra fees for withdrawing abroad
- 9 reasons travel is better with Monzo
- Using your card abroad