Skip to Content
Skip to Content

Understanding fees for using your card

Are there any fees associated with using Monzo abroad?

You can pay anywhere in any currency using your Monzo card, fee-free. We pass Mastercard’s exchange rate directly onto you, without sneaky fees or extra charges. You can also make fee-free cash withdrawals up to a certain limit (see below).

What is the Monzo cash withdrawal limit when using my card abroad?

Depending on how you use Monzo, you can make fee-free cash withdrawals up to a certain limit. Any fees you may have to pay are partly based on whether you’re in the UK & European Economic Area (EEA) or not. The EEA includes EU countries and also Iceland, Liechtenstein and Norway.

Here is a breakdown of any fees you might need to pay.

UK & European Economic Area (EEA)Outside EEA
Monzo is not my main bank£400 fee-free every 30 days (3% afterwards)£200 fee-free every 30 days (3% afterwards)
Monzo is my main bankUnlimited fee-free£200 fee-free every 30 days (3% afterwards)
Monzo PlusUnlimited fee-free£400 fee-free every 30 days (3% afterwards)
Monzo PremiumUnlimited fee-free£600 fee-free every 30 days (3% afterwards)

The 30-day period for allowances resets exactly 30 days after your first withdrawal, rather than at the start of a new month. Your allowances are shared across any accounts you have. So if you have a joint account, your allowance is split across that account and your personal account.

For example, if you take out £150 on the 2nd of the month and £50 on the 5th, your allowance would reset on the 2nd and 5th day of the next month. If you made a third withdrawal which took the total above your limit before those dates, then we'd charge the withdrawal fee.

Just be aware that some ATMs will charge you a fee for taking out cash (which we don’t receive), so we recommend using a free machine whenever you can.

How do I know if Monzo is my main bank?

If you have a free account and meet any of the below criteria, then we consider Monzo to be your main bank:

  • At least £500 was paid into a Monzo account in your name over the last rolling 35-day period, and you have at least one active Direct Debit on the same account in the same period.

  • You’ve received a Department for Work and Pensions or a Department for Communities payment into a Monzo account in your name over the last rolling 35-day period.

  • You’ve received a student loan payment into a Monzo account in your name over the last rolling 8-month period.

  • You’re sharing a Monzo Joint Account with someone who has done at least one of the above.

You can also check this on the app by following these steps:

  1. Tap on the three dots at the bottom right of the account on the home screen

  2. Select Fees and allowances

If you're a main bank customer, you will see the UK & EEA allowance showing as "Unlimited".

Was this article helpful?