Monzo cannot replace my other bank, £3,000 Annual ATM limit?

Hi Masti,

One of the reasons why Monzo are currently in the process of introducing foreign ATM useage fees, is to enable them to increase the limits that you’ve mentioned.

At the moment, the costs of foreign ATM useage are unsustainable so they’ve had to impose these limits. But once users are covering the costs of these withdrawals, by paying a small fee when they make them, Monzo will be able to increase their limits.

They’ve also said that the limits will become more flexible once the current accounts launch, regardless of the outcome of the fees process.

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