If you deal with that much cash being withdrawn, Monzo probably isn’t the best bank to be using? Don’t get me wrong, it would be nice of there were no limits, but I don’t see it as something Monzo really care about.
I’m not suggesting they are no limits, just that they are increased. In certain countries you need to use cash more unfortunately, so this would help one have all their transactions with Monzo rather than multiple.
But I think @Revels’ point is that these limits were imposed because folk were freeloading and putting the future of the company at risk.
Given there are a ton of substitutes (Starling, Revolut, high street banks…) I don’t really think this harms the consumer. Indeed, one could argue there would be more harm if Monzo folded because it could no longer afford services like this.
(Sorry, I will have to escalate this.)
Freeloading is very much taking advantage of someone’s generosity.
How generous they are to let us deposit our shiny coins in their bank to hold and take them back out.
Its up to the bank to impose their limits, we shouldn’t be phrasing it as freeloading, good grief.