3% ATM fee abroad

[BobT (Bob)]

@MIROW

while the 3% is expected to cover costs up to and above the £200 threshold, the actual impact of that threshold is yet to be known.

Monzo have already stated that they will review this in the coming months. It’s not written in stone.

@MIROW

Heavy use of the card just for withdrawals up to the £200 without the customer reaching the 3% fee and hence contributing to covering Monzo’s costs is likely to mean Monzo not recouping as much as they anticipated.

Please make up your mind. It wasn’t too long ago that you claimed:

@MIROW

They plan to make money other ways such as overdraft fees and charging 3% for overseas cash withdrawals.

You can’t have it both ways.