Monet: Cross Border Transfer

The rate you see is the rate they get, with one visible fee. Fund with Apple Pay or a local pay-in, and get paid into your own US account.

Most people who send money home have had the same experience. You send $200, and somehow $170 arrives. There was no fee on the screen — the cost was folded into the exchange rate, where you couldn't see it.

Monet is a cross-border money account built around not doing that. When you set up a transfer you see the exchange rate and the fee before you confirm, and what your recipient gets is what you were shown. Money usually lands within 30 minutes.

Here is how the account actually works.

Putting money in. Fund a transfer with Apple Pay using the card already in your wallet, pay by debit or credit card, or move money in from a bank account. Where local pay-ins are supported, you can fund from a local method in your own currency. You can also deposit digital dollars directly.

Sending it. Monet delivers over the rails people use at home: ACH in the US, SEPA in Europe, SPEI in Mexico, Faster Payments in the UK, Pix in Brazil, Bre-B in Colombia, bank and mobile money payouts across Africa, including Nigeria, Kenya, Tanzania, Uganda, Senegal and South Africa, and payouts across Asia Pacific including India, the Philippines, Indonesia, Vietnam and Thailand. Your recipient gets local currency in their own account or mobile wallet. They do not need Monet, or any understanding of how it got there.

Getting paid. Once you are verified, Monet gives you a US account and routing number of your own to hand to an employer or a client. It receives direct deposit, ACH including same-day, and domestic wires. Other currencies too: a euro account on SEPA and SEPA Instant, an Australian dollar account, a UAE dirham account, and a Mexican peso account on SPEI.

Paying the people who work for you. Share a join code and your team joins your organization. Pay contractors one at a time or in a batch, in their local currency, and keep a record of who was paid what and when.

Payments that repeat. Rent on the first, money home every payday. Set the transfer up once, choose the date, and let it send itself; make it recurring if it comes round every cycle. You see the quote when you schedule it, and again in the receipt when it goes out.

Paying inside Telegram. Send money to anyone in your Telegram chats without leaving the conversation.

Pay by text. Send to any phone number, even someone who has never heard of Monet — it waits to be claimed and returns to you if it is not.

A word on how your money is held. Your balance settles on digital rails, in a wallet you control rather than an account we hold for you. You can export your keys and leave whenever you like. Because the wallet is yours, it can also hold and move the on-chain assets those rails support, routed through third parties — a property of the custody model, not a trading product: Monet runs no exchange, keeps no order book, and takes no custody of your assets.

BUILT ON TRUSTED, BATTLE-TESTED INFRASTRUCTURE We do not reinvent banking or custody. Every regulated step runs through licensed specialists:

• Bridge verifies identity and issues your local-currency account details. Bridge is a Stripe company, acquired for $1.1 billion.
• Stripe powers Apple Pay funding, trusted by millions of businesses.
• Coinbase and Transak power card and Apple Pay on-ramps.
• Stables (stables.money) issues named accounts in Australian dollars and UAE dirhams, in your own name rather than a pooled one, and handles verification and local payouts across Asia Pacific, Australia and the UAE. Over $2 billion processed.

Bank-grade rails, not homegrown plumbing. US account details are issued through Bridge Building, Inc., funds held at Lead Bank, Member FDIC. Verification is required before an account is issued.

Monet is a financial technology company, not a bank. Monet is not a payroll tax filing service and does not calculate, withhold, or remit taxes. Which rails, currencies, and features are available to you depends on your verification status and where you are.