You can take out up to £200 cash via an ATM fee-free (you get the exchange rate of the day so its usually better than getting your cash from a currency changer such as tesco - who charge commission).
Then all card payments, contactless or chip and pin are free of charge.
Hope this helps, it explains it a little more in detail in this post:
From today we’ll be introducing a 3% charge on cash withdrawals made from international ATMs, after a free 30-day allowance of £200.
Remember:
Spending by card in a shop, hotel, restaurant, or at any other “point of sale” abroad will remain free of charge
Online transactions made in a foreign currency will also be free of charge
We’ll continue to pass on the Mastercard® exchange rate with no markup
ATM withdrawals in the UK will continue to be free of charge
I would say from experience, most shops and coffeeshops take card so its best to pay for everything via card (remember monzo will create a holiday summary for you - which is amazing). I would just take out enough cash for the munchies whilst walking the streets
Also double what @Anarchist has said, if you’re given the option pay in euros. If they seem confused just tell them its a pre-paid travel card with euros on it It’s always worked for me
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Anarchist
(Press ‘Help’ search ‘Contact us’ or email help@monzo.com or call 0800 802 1281)
6
I tend to do the same with adding cash to my account; I just tell the paypoint people it’s a prepaid card and they have to wipe the bar to top it up. They seem to get a lot less confused
Hi Jade, I’m new to Monzo and trying abroad for first time, I’m using in Budapest at the moment,I bought my travel pass as usual at Budapest airport I got a better rate than I get at local change points. and I bought a beer tonight with a 15 pence mark up on if I had payed cash.i know over here it’s only pennies,but just putting it out there as I’m keen to make my Monzo earn it’s keep😎