Y Combinator invests in Monzo through its Continuity Fund

Re:Y Combinator invests in Monzo through its Continuity Fund by nothrabannosir on Tuesday June 25, 2019 @11:45AM (#20275371)

I have visited quite a few countries in Europe, but never found one where ATM fees are de rigueur. Actually in all my travels ever in the entire world, it was only the USA where I really couldn’t find a fee-free ATM no matter how hard I looked.

Ironically, the only European country where I ever even see some ATMs with fees, at all, is the UK.

Monzo has no surcharge over the network fee for foreign currency transactions, so it’s quite good. However, it’s a debit card, and credit cards still win for reliability when renting cars or buying airplane tickets.

When it comes to virtual cards: it’s a matter of taste. Personally I don’t care a single iota if my card gets defrauded; issue a chargeback, get a new one, done. Not worth giving up for the convenience of auto fill of C.C. in the browser.

[ Parent | on HN ]

Re:Y Combinator invests in Monzo through its Continuity Fund by krn on Wednesday June 26, 2019 @07:14AM (#20283816)

> I have visited quite a few countries in Europe, but never found one where ATM fees are de rigueur.

At least in my EU country, every bank charges 2% (min. 2.9€) for using any local or foreign ATM that doesn't belong to its own network.

With Monzo, taking out 1000€ from any ATM in continental Europe costs 30€. With Revolut it's 20€. The difference alone buys one a Premium subscription at Revolut.

[ Parent | on HN ]