How does withdrawing Cash abroad actually work?

[crablab (Hugh)]

To answer the OPs question:

@tristan

A few people have asked about doing transactions abroad:

Your card should work across the world and we don’t charge any additional fees so you’ll just be charged based on the MasterCard rate at the time the transaction settles (around 2 days after you pay). You can check historical rates using the MasterCard currency tool. According to MasterCard, these rates generally reflect either wholesale market rates or government mandated rates so hopefully that makes your Mondo card pretty useful when travelling!

(Nb: that post is from 2015, hence the “no fees” bit )

Hope that helps