Nope, no fees at all for the Alpha/Beta prepaid service.
Yes, this does mean they’re almost certainly losing money right now (thanks investors, I genuinely hope you make your return or whatever you’re looking to get out of it long term!). The difference between Monzo and other prepaid cards is that Monzo is only using the prepaid product as a stepping stone to launching as a full bank with current accounts while other prepaid cards are sticking with it. As for how Monzo plan to make money as a full bank, check out this thread.
zilch, niente, nichts, cant think of any more - there is a £100 initial top up - this isn’t a charge its for the depositor to use as soon as they get their card ( card usually arrives a couple of days after top up ) - which has been discussed A LOT on the forum
investigation fees to cover the cost of investigating suspicious transactions at customer requests (we may , at our discretion waive this fee if genuine fraudulent activity ) - £30
also some ATMs say they may charge for a cash withdrawal - not many actually do
Yeah, that’s the one obviously they charge anyone that uses a card to withdraw money from them, regardless of the type of card.
You’re probably going to want to avoid withdrawing money from ATM’s anyway because paying on your card lets your categorise the transaction & then set targets for that category.
There is one case where there can be a fee, though I don’t think it has ever been invoked. Where you ask Mondo to dispute a transaction and it ends up not being considered a legitimate dispute, they can charge you £30.
It is stated in the terms as:
Fee to cover costs of investigating suspicious transactions at customer’s request (we may, at our discretion, waive this fee if genuine fraudulent activity)
My understanding is that this would probably only be invoked if you started disputing every single transaction and basically abusing the system.