Non Sterling Transaction Fee - Query

Monzo Chat
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Hi all, quick question! I recently topped up my Amazon US gift card balance so I could make a purchase (thanks to a US friend) - it was just 50c and I used my Monzo card to do it. After a couple of days it settled on charging me 38p to do it. So far so good.

My question is, can I expect any kind of fee on top of this? I’ve rinsed my Monzo account until pay day so I’m worried if any charges are added on (like a high street bank might) that I’d be in trouble!

Is there a further charge to be expected or is it all taken into account with the initial transaction?

Thanks for reading
Michael

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As far as I’m aware you shouldn’t be expecting any additional fee!

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Thanks for the reply! I hope you’re right, maybe a Monzo employee will confirm :slight_smile:

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No, Monzo only charge you the MasterCard exchange rate and no fees on top.

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There’s absolutely no non-sterling transaction fees with Monzo. In fact there’s no fees whatsoever that Monzo charge for using your debit card with a foreign currency, so you won’t see an inflated exchange rate or commission either - just the MasterCard exchange rate.

The only time you’ll get charged for foreign currency is withdrawing cash at an ATM abroad (after your £200/month fee-free allowance)

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Thanks everyone, puts my mind at rest!

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