The same daily cash withdrawal limit applies outside the UK of £400 per day. It’s just that outside the EEA you pay 3% if you withdraw over £200 per rolling 30 days
How to check xchsnge rates with Monzo ?
Please help
It’s the Mastercard rate. You can check it here. Bank rate is 0% on top
https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html
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May be easier to transfer the money to a pot every time you spend. Then have your credit card bill set as a monthly full statement amount direct debit and Monzo can automatically take the money from a pot of your choice. Slightly easier way to achieve 0%
Cash withdrawals on a Clarity credit card (cash advances) are fee–free but will attract interest from the day of the withdrawal so you will need to pay each transaction off on the day. Waiting until the statement and automatic direct debit will cost you money.
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Yes I get that people have systems, but as general advice, especially when you don’t know the person, it’s best that they don’t use credit cards for cash, because a lot of people don’t realise, or forget, about the immediate interest thing.
Ahhh of course!
Sounds like a massive pain though vs the risk if you forget to do it in time. I’d personally probably just get one of those teal cards for outside the EEA…
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Cant you do that with any credit card? Also I think Tandem does all that, but also pays 0.5% cashback. They also (like Monzo) don’t take a bean off the forex rate. 
Not sure about Halifax
Also consider that lenders will scrutinise your credit file and see the cash advances, and some may infer that money management is bad from that, which could impact on a borrowing application.
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That’s good. It’s why I used may and could. All lenders will be different and will judge for themselves.
That’s why I didn’t mention a credit score.
The problem is that the limit doesn’t reset at the start of every month, instead it’s a rolling limit. If you’re travelling while going over the limit, you basically then can’t access the fee free limit again for months untill you are able to totally stop taking out cash. And the app doesn’t show when your rolling limit will reset. I think it’s very unfair.
If you search for ATM transactions in your feed you can work out dates when fee free will be available again
You can also check in the limits section if you have any fee free allowance left
How is it “unfair” that you have to start paying? That is the point of the limit, after all.
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compared to my Nationwide account, even the 3% would be cheaper.
Example, withdraw the equivalent of £500 abroad:
Monzo - £200 no fee, £300 with 3% fee, total £509
Nationwide - £200, £1 non sterling cash fee, 2.75% transaction fee, total £206.50
£300, £1 non sterling cash fee, 2.75% transaction fee, total £309.25
Total - £515.75
£6.75 is a lot of money.
Although, I must admit, I use Starling and Tandem when abroad, so have no fees at all 
If you go travelling for over a month, good luck going through and finding every single ATM transaction and working it out. And to the person saying I’m complaining about paying, I’m not. The problem is you pay far more than if was just a simple limit than a rolling limit. And Monzo is supposed to be about being better than other banks with complicated and unfair fee structures
Not sure I understand the problem. The app tells you how far through your £200 allowance you are so you don’t have to go through your transaction feed to check.
Monthly limit would mean someone going on holiday could take £200 out on 31st December and another £200 out on 1st January without charges
Depends where you’re going of course. A lot of countries you can get by without needing an ATM at all
That’s the case for dozens of options. It doesn’t make it reasonable or recommended.
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You’re right there is no problem. Just never use Monzo and you don’t have to worry about fees or about having data/remembering to check if you have any allowance left. When so many other cards can do substantially better for free, there’s never any reason to use Monzo while travelling unless as a backup.
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So perhaps the conclusion is, if Monzo doesn’t suit your needs / use case, then use something which does? While also bearing in mind that for some people, Monzo will be just fine?
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