Opened a Monzo account yesterday and love it.
I’m a bit confused though.
I opened it do I could transfer funds from my high street bank account to my Monzo card for my holidays abroad.
It’s just safe.
Reading the terms and conditions it says I can only transfer up to £1000.00 over a 6 month period.
Well that no where near enough.
So have I got this correct or not?
Any advice would be great please.
It sounds like you’re looking at the cash deposit limit, there’s no limit to how much you can send in via bank transfer
Tap into your personal account, go to “Manage” in the middle (instead of feed) and then scroll down to “Limits”
And then you can see all your different limits.
Cash deposits are £1,000 every 180 days. There is no limit to how much you can transfer into Monzo. There’s a £10k per day limit for transferring out.
I had this confirmed by Monzo on their Twitter page.