Monzo / Mondo / Revolut banking

You are reading a single comment by @Tenderloin and its replies. Click here to read the full conversation.

•

aggi

Turns out the restrictions are worse than I thought if you only have the card

This will apply to all Monzo current accounts, and by the time the limits are put in place, we expect to have offered all existing customers a current account. If you’re still on the existing prepaid card at the time, you’ll only be able to make one free withdrawal per calendar month, up to £200, due to the restrictions of our card processor.

One free withdrawal per month makes it pretty pointless and I've no desire to open a current account given the withdrawal limits.

I'll be saving this for occasional online transactions and moving back to Revolut, Metro bank (free cash withdrawals in Europe) and Halifax Clarity Card (no charges for use overseas except for ATM).

•

Tenderloin in reply to @aggi

Revolut charge 2% on withdrawals over £200 no?

Do Metro Bank and Halifax Clarity also offer intrabank rates?

•

aggi in reply to @Tenderloin

Both intrabank.

Revolut is also capped but you can make more than one withdrawal.

About

Avatar for Tenderloin @Tenderloin started