Hi guys.
Been using Monzo for 3 months now and have had no problems.
I’m considering getting a new TV for christmas ( £400 from curries )
Would this be ok or can i not use Monzo for large purchases ?
Thanks
Hi guys.
Been using Monzo for 3 months now and have had no problems.
I’m considering getting a new TV for christmas ( £400 from curries )
Would this be ok or can i not use Monzo for large purchases ?
Thanks
It’s a bank account, use it like any other bank account
your account has limits you can check in app, and if its over the limit (car) a quick chat with support should help
If you have a credit card though, that’s always the preferred way to buy large items for the protection it gives you.
I’m interested to hear why you’d think Monzo wouldn’t be OK for large purchases
Be a worry if this is a widespread view or not…?
A “large purchase” in Monzo’s eyes is generally over £10,000 (Although check your settings to be sure of your limits).
No need to worry about restrictions for £400 Some people spend that on dinner and drinks
I never made a large transaction before and wanted to know if there’s a limit
To add to this. @chistery is referring to section 75 protection. Here’s a description
Monzo cards, and debit cards in general benefit from a similar protection called Chargeback, although unlike Section 75, there’s no legal requirement for the card provider to provide Chargeback protection.
Limits in app for Android
Account / settings (cox) / daily limits
Its all the different limits for the account
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