Hi all! Just returned from a 3 week trip from Sydney/East coast and Monzo worked great everywhere! I used for hotels, campsites, car hire, motorway tolls, and all daily spending in shops, restaurants and bars. Never lifted any cash from ATMs so not sure how it would have acted here (sorry Immy), but the exchange rate I got for all the transactions seemed great and definitely saved me alot of money compared to using my NatWest debit card!!
Got a couple of questions if anyone knows the answers. I had a transaction delayed at an off-license that did not come through for a couple of days. What would have happened if I had insufficient funds by the time the transaction processed? Or was a block put on the amount until the transaction went through?
Also, had a couple of transactions that originally came out at exchange rate~1.69 but when they settled a few days later, they were at rate ~1.65. Again what would have happened if there were insufficient funds for the settled amount?
Thanks in advance!