Hi there. I’m going to study abroad for a year next month and I was wondering if monzo would help me manage my finances and spending abroad. I know that there will be no charging fee when I spend money abroad but however, I’ve been told there is a limit on how much I can within a period time and how much I can top up. Any help or advice would be very much appreciated.
Yes there are limits for the account which are listed here
as you can see, there are different tiers of limits depending on what level of verification you’ve completed. These guides explain how to check your current limits -
Whether you’ll hit your limits largely depends on how good the countries card acceptance is. If you’re going to need to withdraw a lot of cash, then you’ll probably hit the limits.
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