How to transfer money to my card

It’s not a top-up card. You add funds in the normal ways you’d add money to a bank account.

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I have managed to move money onto it now. I as a bit confused because when I went to add money it showed a list of banks and coop bank is not on that list. I spoke to someone in support and they helped, Yes I can just send it instantly direct bank transfer, all done.

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AnarchistPress ‘Help’ search ‘Contact us’ or email help@monzo.com or call 0800 802 1281

12m

[/quote]
Use an ATM and draw the Euros that way. Be careful to pay in Euros and don’t accept the machine’s conversion.[/quote]

Regarding “be careful to pay in Euros”. What do you mean as I thought the card works by paying everything in Euros automatically?

ATMs abroad will usually offer you the opportunity to be charged in GBP. So instead of charging you, say, €200, they’ll charge you an equivalent in GBP. It is always a bad idea to accept this.

Hi :wave:

If you want to transfer money from Co-op onto your Monzo card you need to do this on the Co-Op banking app and set it up as a payee and then make the transfer.

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TomMonzo

I worked it out yesterday with help from support thanks Tom/

You’re aware there’s quite a small limit for withdrawing cash abroad on this account? £200 a month I believe.

Better to use it for general spending.

That’s the fee free limit. You can withdraw more for a 3% fee (or you can pay for Plus).

This is true in most of the world.

I thought it was £250. I spoke to someone on support yesterday they told me £250. or £400 if you have a Plus card. I am aware that that is is Free fee amount. I will be using my card a lot to pay for stuff but I will need cash as a lot of shops in southern Italy and Sicily will not accept cards for small amounts, especially the market traders, and the local buses - need cash for that type of expensive.

Could do with knowing though if it £200 or £250 as I am pretty certain that the lady I spoke to yesterday said £250. Just checked on the app and it also says £250.

There is one thing I wanted to ask as well. If you are buying stuff in a shop you are making a payment in Euros even though the money on your account is in GBP? Does Monzo just change it automatically to Euros as you go to pay for something?

For those customers that use Monzo as less of a bank and more of a spending card, we’ll ask that you pay a 3% fee if you withdraw more than £250 cash in 30 days in the UK and EEA. If you’re using Monzo as your main bank however, we won’t charge you anything for these withdrawals.

To see if you’re affected, you can visit the Fees & Allowances section in the Monzo app, or read more about the change here. You can also see a full list of countries in the EEA here.

If the app says 250 then it’s 250.

And yes, pay in Euros, and Monzo will convert it for you, with zero additional fee! :+1:

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When paying for something in Euros you don’t have to do anything extra from the app do? You have to select Pay in Euros or anything like that? It just works automatically. How does the app know what country you are in and what currency to use.

Nope, you don’t need to do anything in the app. Just make sure when paying that if they ask, that you opt to pay in Euros.

The app (your bank) will accept payment in any currency, and then convert it to the correct amount in British Pounds, to then subtract from your account.

You can use the card anywhere that the Mastercard logo is displayed, and should be good to go! :slight_smile:

_TomMonzo

5h

For those customers that use Monzo as less of a bank and more of a spending card, we’ll ask that you pay a 3% fee if you withdraw more than £250 cash in 30 days in the UK and EEA. If you’re using Monzo as your main bank however, we won’t charge you anything for these withdrawals.

But the question is how do you know if one is using your account as you main bank account?

He linked to the blog explaining that

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It really doesn’t make sense to become a plus member because even then you cannot draw more than £400 in a month without incurring fees. So what I pay £5 a month and the only benefit to me is be able to draw out another £150 a month. The 3% that I save would be less than the £5 a month I pay to have the plus card!

You wouldn’t pay just for that.

If you’re taking out such large sums of cash every month, Monzo isn’t the bank for you.

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It’s not the only benefit. Also, as you receive interest on your account balance, it’s less than £5 pm net, but as @Revels said, monzo isn’t well suited to those who use a lot of cash.

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Hey :wave:

Another way of achieving the higher allowances is by having at least 1 active direct debit and pay at least £500 into your account every 35 dayss via salary. :smiley: