USD ATMs in UK

[anon95680666]

do you not think the machine owner will do the conversion for you and give you their rate of FX ?

It won’t be Monzo giving you the mastercard rate

Using Monzo to withdraw Euros from ATM in the UK

Yep - the Mastercard exchange rate is based on either making payments in the local currency when abroad, or withdrawing from ATMs in that local currency whilst in that country. It doesn’t account for withdrawing a foreign currency whilst in a different country. As that’s a fairly niche market, the ATM owners, in this case Raphael, will have their own way of doing a conversion, which is what happened here!