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July 2, 2022
Finance Technologies

Monzo introduces ATM withdrawal fees

Monzo has become one of the first major UK banks to introduce fees for ATM withdrawals. Customers will – as of the end October – have to pay a fee when withdrawing upwards of £250 from an ATM, subject to a short list of conditions. Monzo, like many of its UK challenger peers, is trying to develop new revenue streams to one day reach profitability These fees will impact ATM usage in the UK and Europe, as well as outside Europe for all users. What are the conditions? These conditions depend on how much a user is paying in and…
Monzo introduces ATM withdrawal fees

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