I’m very new to Monzo and looking to use it for my upcoming Honeymoon! I’m just wondering about creating a joint account, but curious as to how the cash allowance of £200 works.
If we have a joint account, and we withdraw £100 from it in cash, which persons allowance would this come out of? UserA or UserB? I assume when you have a joint account, we both have a debit card, so depending on who’s debit card was used would use that persons allowance… Is that right?
Just making sure that withdrawing £200 from the joint current wouldn’t use both of our cash allowance (i.e. £400).