Monzo’s new fees. From 31 October, Monzo is introducing the following fees on its current accounts for some customers: £5 fee for card replacements in the UK – unless you’re a victim of fraud, your card is stolen or it expires; 3% fee on cash withdrawals of more than £250 in the UK and EEA countries. (To check this, open the Monzo app, tap your profile picture in the top left of the screen, tap the settings cog icon in the top right of the screen, then tap your name.) Take a photo of the front and back of your cheque, as a copy. Pop a stamp on your envelope and post your cheque to: Monzo. What does Monzo say? A blog post about the changes posted on the Monzo website says: 'Every time someone takes out cash, we pay the companies that run the cash machines. Right now, around 20% of customers make up more than 80% of our cash machine costs. This means that most of our cash.
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Published February 2021
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