Transferring cash from a gift card into Monzo

Hi all,

I tried to add some cash from a Visa gift card but the card was not recognized, is this a missing feature or something that is not ( currently ) implemented?

You can only spend a Visa card in store or online, not trade it for cash.

The Monzo merchant category will prevent this.

3 Likes

:+1: - Thank you, so it’s a restriction on the type of card I can use.

The Visa Gift card will more likely explain in their terms you cannot trade this for cash, and possibly gambling and other financial products.

It’s not specifically Monzo preventing it, more so the visa gift card provider saying they can’t accept that kind of transaction due to type of merchant.