No, you do not have to transfer Euros on to your card. You can’t actually do this anyway. Money spent or withdrawn with your card abroad will be converted for you automatically.
You can withdraw up to £200 (in the local equivalent) from foreign ATMs every 30 days. Additional withdrawals from foreign ATMs will incur a 3% charge.
Money withdrawn will be converted using the MasterCard exchange rate so long as you choose to withdraw in local currency. Do not accept ATM prompts to use the currency conversion on the ATM you will get a much worse rate.
So, when you go to an ATM abroad:
- pop your card in
- enter your PIN
- choose how much money you want to withdraw. This will be in the local currency. It’s a a good idea to know roughly how much £10 is in the country’s currency. The app will tell you when you land if you have an internet connection.
- choose to withdraw in the local currency when prompted (not in GBP using conversion)
- the Monzo app will show a temporary feed item with the amount in GBP and local currency. This takes a while to settle due to the exchange rate so it may update
Try as much as possible to use your card directly to pay for things. It’s a lot easier and many ATMs abroad may charge you to withdraw. But have a small amount of cash too just in case they don’t accept cards. Like with the ATMs make sure you are paying in local currency so you get the better exchange rate through MasterCard. Make sure the card reader is in local currency and reject if offered to pay in pounds.
Here’s a pic so you roughly know what to expect with the ATMs:
Hope that helps and have a great trip!