Monzo / Mondo / Revolut banking

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frankenbike in reply to @aggi

So there's no advantage to Monzo for foreign currency then?

The only time I could imagine getting money in advance would be if (for example) you know you're going on holiday in 6 months and Brexit is happening in 3 months and you're anticipating the pound falling.

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aggi in reply to @frankenbike

Not really, no. Revolut and Monzo both use the mastercard rate so should be identical if you're just holding sterling.

Revolut has the extra option of holding other currencies if you want to try some hedging or just want certainty.

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Tomo187 in reply to @aggi

I thought Revolut uses interbank rates and not MasterCard.

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