UK ATM withdrawal fees

[jzw95]

@Bodz

At the moment it’s all free because of the prepaid debit cards so I’m unsure what Monzo is gonna do

Actually, the prepaid cards are a lot more expensive to run than the current account will be, which is one reason Monzo is going to shut them down.

To answer your question, Monzo have stated that there will not be monthly or UK ATM withdrawal fees.

There’s an excellent wiki that Alex wrote which gives a quick overview of all we know about the current account.

What We Know About the Current Accounts & Debit Cards / FAQ (open Wiki)

As the launch of Monzo’s current accounts & debit cards gets closer, I expect there will be more & more posts asking about features & updates so I thought I’d create this Wiki to pull together all of the details that Monzo’s confirmed so far. This Wiki is only intended to cover features that are part of the current accounts & debit cards or features which can only be built once they launch. To see what’s changed after an update to this post (when it’ll appear at the top of the new / updated t…