However, these 2 codes each have different purposes. IBAN for MONZO in the United Kingdom consists of 22 characters: Finding the right IBAN number is crucial, but shouldn’t be difficult. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. To receive international payments into your Monzo account, you need an IBAN. When we published The Big List in May, we said we'd fix everything on it over the next three months. We’ll do that by using NatWest as our ‘correspondent bank’, which means we’ll agree to set up a connection that lets other banks send international payments to Monzo, through NatWest’s existing SEPA connections.

If you’re sending money overseas you’ll often be asked to provide both the SWIFT/BIC code and the IBAN for the recipient’s account. How do we collect this data? It’s a combination of your account number, sort code, and your bank’s Bank Identifier Code (BIC). Send at the real exchange rate, and spend with a TransferWise debit Mastercard®. This generally includes an IBAN or SWIFT code. Monzo Bank IBAN in print format GB15 ABBY 6016 1331 9268 19; ISO Country Code: GB: Checksum: 15: SWIFT/BIC Code: ABBY: Sort Code: 601613: Account Number: 31926819 An IBAN is a unique identifier that’s used to distinguish your bank account from all the others around the world. When we published The Big List, one of the things we committed to doing was giving you the ability to send and receive international payments from your Monzo account. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. SWIFT codes - which are also known as BIC codes - are also used in international payments. We give you the real rate, independently provided by Reuters. That’s because the banks still use an old system to exchange money. Existing customers can get help via the app. Some payments aren’t sent in a standard format. Fill in the account details, and we’ll calculate the IBAN for you. IBAN numbers can be different lengths depending on the country they’re from.

You can either work out your IBAN based on the example above, or find everything you need by logging into MONZO online banking, or checking your bank statement. Your money is protected with bank-level security. We recommend you use TransferWise, which is usually much cheaper. Yes, you’ll need an IBAN if you’re making an international money transfer to United Kingdom. When you send or receive an international wire with your bank, you might lose money on a bad exchange rate and pay hidden fees as a result. They add hidden markups to their exchange rates - charging you more without your knowledge. No surprises. If you don’t use the right IBAN number, your payment might be returned or sent to the wrong account. Join over 8 million people who get the real exchange rate with TransferWise. Using an incorrect IBAN number could mean that your payment gets returned, or even arrives in the wrong account. When that happens, we either have to work it out manually or return the payment to the sender. If you're making or receiving a payment to a Monzo Bank account and you want your money to arrive quickly and safely in United Kingdom, you’ll need to provide the bank with a few extra details. Everything you need to know about MONZO IBANs.

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We charge as little as possible, and we always show you upfront. IBAN for Monzo Bank in United Kingdom consists of up to 22 characters: To ensure your money quickly reaches the right account, it's essential to find the correct IBAN. But they aren’t as reliable as we’d like. 09446231). A standard bank account number isn’t enough. If you don’t use the right IBAN number, your payment might be returned or sent to the wrong account. TransferWise never hides fees in the exchange rate. These payments aren’t as reliable as we’d like, because we aren’t directly connected to SEPA or SWIFT, the two networks that let banks reliably move money around Europe and the rest of the world respectively.