I was on holiday last week and missed being able to comment on the recent dedicated thread.
If Monzo are obliged to implement a % fee for currency withdrawals at foreign ATMs - doesn’t that just put them into the same ballpark as the mainline “High Street” banks ?
I took out a Monzo card for trialling abroad, mainly to take cash from ATMs, however as it has worked flawlessly in Germany and Spain in stores etc. I was impressed enough to retain if for all travel purposes.
That attraction would disappear if ATM fees are introduced.
We have Nationwide FlexPlus for medical insurance and it has no ATM cash fees - Metrobank have no fees in SEPA (which effectively is Europe, less Turkey) - Santander have no fees (as far as I know) using their debit card at their branded ATMs in Spain and Canary Islands - there’s even a credit card (Barclaycard Platinum Travel Card) which has no ATM fees for a fixed number (2022 ?) of years. Then there’s Starling, although they might have go implement fees at some point in the future as well.
If I had to choose one of the options it would have to be an annual fee free allowance for hole in the wall transactions.