Monzo foreign transaction fee and withdrawal limit abroad

Monzo aboard transaction fee, how to make payments foreign, Monzo withdraw limit abroad and withdrawal charges.

Monzo is a digital bank based in the United Kingdom. It offers various financial services through its mobile app, including current accounts, savings accounts, and the ability to send and receive money. Monzo is known for its user-friendly interface, budgeting tools, and transparency in fees.

Monzo aboard transaction fee

Monzo typically does not charge fees for using your card abroad for purchases or ATM withdrawals up to a certain limit. However, there are some fees associated with using Monzo abroad:

• Foreign currency exchange fee: Monzo applies a fee for transactions made in a currency other than GBP. The fee is typically around 3%.
• ATM withdrawal fees: There may be fees for using ATMs abroad, especially if you exceed certain withdrawal limits. These fees can vary depending on the country and the ATM operator.

It’s always a good idea to check Monzo’s current fees and policies on their website or app, as they may have changed since my last update.

Withdrawal limit abroad

Sure, here’s a brief overview of Monzo’s withdrawal limits abroa

• Free withdrawals: Monzo allows you to withdraw up to £250 every 30 days from ATMs abroad without any fees.
• Fee after limit: If you exceed the £250 limit, Monzo applies a 3% charge on the additional amount withdrawn.
• Check for updates: It’s important to check Monzo’s current fees and policies, as they may change over time.

Withdrawal charges

Monzo typically doesn’t charge for ATM withdrawals in the UK or abroad, up to certain limits. However, there are some exceptions and fees that may apply:

• Withdrawal limit: Monzo allows you to withdraw up to £250 every 30 days for free from ATMs abroad. Beyond this limit, a 3% charge applies to the amount withdrawn.
• ATM operator fees: While Monzo doesn’t charge fees for ATM withdrawals, the ATM operator might. This fee is not controlled by Monzo and varies depending on the ATM and location.
• Currency conversion fees: For transactions in a currency other than GBP, Monzo applies a fee of around 3%.

It’s advisable to check Monzo’s latest fees and policies on their website or app, as they may have changed since my last update.

Official Website: https://monzo.com

Article Catagory: transaction