I just received my Monzo card. I have just seen in the app that there is an annual £3,000 ATM withdrawal limit. I was under the impression that Monzo was positioned as a straight up alternative to traditional banking. However, this is just not going to be the case with this limit. Are there any plans to have this limit increased to anything approaching a reasonable limit?
I am abroad a lot, i generally try to use small local shops, with limited options for paying by card. Seems my monzo card will just have to supplement my Nationwide card. A real shame, i was hoping to move everything over to Monzo.