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.