I’ve just opened a monzo account primarily to use the card abroad - there seems to be limits on the amount I can withdraw of 200 pounds over a thirty day period - Is this correct and it’s pointless having the card if so ? I can’t see an easy way of contacting the bank either ?
You can withdraw more than £200 but any amount over that will have a 3% fee
Unless you use Monzo as your main account and then it’s £400 before the fee
Are you going to a country that doesn’t widely accept card payments?
If you require more than this much cash then take a look at Starling Bank. They have a far more generous ATM limit of £300 fee-free per day both at home and abroad. Remember to always withdraw in the local currency, allowing your bank (Monzo or Starling) to do the conversion instead of the ATM.
It is correct; but it’s not pointless having the card, as there are no limits on card payments so you can still pay for any number of things that way.