Hello all.
I’m wondering if anyone knows the answer as I can’t find it in the help section of the app.
After several years of waiting, I should be receiving an inheritance and I was planning on paying off credit cards and all that.
I was wondering what category of withdrawal does “Pay By Bank” come out of on Monzo? That’s this new way that many credit card apps default to payments with.
I seem to have a £10k daily card transaction limit and a £10k bank transfer limit but nothing is listed for Pay By Bank (PBB). Do I assume correctly that it would come out of the bank transfer limit?
I appreciate I can ask for a temporary increase, but if I can sort it all out in a few days by paying by card and PBB then it wouldn’t be a problem. Just curious.