Monzo’s 2018 blog post quotes the high cost of international withdrawals as the reason the charges were introduced in the first place, and I am really unsure why they would chose option [b] and go back to the state before. As standard, you can withdraw £200 in cash per month abroad, so it might be best to keep ATM withdrawals to a minimum. Free cash withdrawals without limits are reported be a particularly potent benefit in Monzo's home market, the UK. Those who withdraw more than £200 elsewhere in the world over 30 days are already charged 3% (except those who have Monzo Plus, who have a higher £400 limit before they're charged). When taking cash out abroad, you can withdraw up to £200 every 30 days for free. Cash withdrawals from ATM’s are FREE in all EEA countries; Cash withdrawals from countries outside the EEA – £200 for free every 30 days; So Monzo really is good for travelling abroad, especially if you’re within an EEA country. Starling’s ATM withdrawal limit is £300 a day, and this applies both at home or abroad. This is definitely useful for emergencies, however after these 30 days are up, Monzo adds a 3% charge to any money you take out. Author Lauren Howells. While Monzo Premium comes with all the features you get with Monzo Plus, a couple are improved: Increased fee-free ATM withdrawal limits while abroad. And if you’re going outside the EEA, just remember to take a little bit of cash with you. From 31 October 2020, those who use Monzo to withdraw more than £250 over a 30-day period in the UK or European Economic Area (EEA) will be charged a fee of 3%. Monzo has announced that its prepaid debit cards may no longer be fee-free when used for ATM withdrawals outside of the UK. Like Monzo, you can withdraw the first £200 or €200 from an overseas cash machine for free each month, but after that you'll need to pay 2pc. From 31 October, Monzo … Monzo to charge customers for withdrawing more than £250 cash over the course of a month if they don't use it as a main account. Currently Monzo's prepaid card allows free overseas spending and ATM withdrawals worldwide, though withdrawals – abroad and in the UK – are restricted to £250/day, £1,000/month and £3,000/year. You'll be able to withdraw £600 from ATMs each month while abroad (Monzo's standard allowance is £200/mth or £400/mth with Monzo Plus). Mobile-only bank Monzo's current account is finally here - but there's a waiting list and not much detail on rates and rewards so far. This is the equivalent of £3 for a £100 withdrawal. Withdrawing Cash Abroad. I know of people who have been caught out … The problem is rather universal in nature, as it also affects various credit cards (both standard ones and applications such as N26, Monzo, and Curve). With a Monzo Plus account your limit is increased to £400 when choosing the Traveller bundle. document Monzo provides free ATM cash withdrawals abroad, but it does have a £200 ATM withdrawal limit in place — anything above that over a 30-day period will be charged at 3%. Withdrawing money abroad (Revolut, N26, Monzo, Curve) Within the scope of this article, I would like to focus on the issue of withdrawing money from ATMs located abroad. They’re very similar and great for travelling fee-free, but with one key difference: with Monzo, there’s a £200 limit on free cash withdrawals abroad – after which 3% is charged. Monzo to limit free cash withdrawals abroad. You can also check your limit via the app so you don’t accidentally go over.