You should make an option of say between £5-10 a month to have unlimited overseas withdrawals a month or a reasonable limit of say £3000. 3% is a lot after £200. Barclays is 2.75% HSBC is 2.75%.
I would and sure plenty of other people would be more than happy to pay £5 if you could get 3k or £10 p/m if I could use it unlimited. If people don’t want to pay then you just get the normal £200 3% after. So nobody is forced to do it if they don’t want to. Just as an option as we would like to still use Monzo and not swap something like Starling. As someone who lives in Singapore fees are a killer.
I hope Monzo look into allowing something like this. For example, Nationwide offer a flex plus account you pay £10 p./m for unlimited withdrawals abroad, free holiday insurance, car insurance and device insurance. Not that monzo need to offer insurances, just an option if people want to pay for unlimited usage to help Monzo recoup the fees.