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Monzo Card will this work
Comments
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Monzo don't specify what the limit for transfers is https://monzo.com/help/payments-getting-started/bank-transfer-how-to.
Their standard outbound limit is 10k on bank transfers, but you can get that raised up to 250k by speaking to them in the app.
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Revolut is also a fully functional bank account (though the don't have a UK banking licence yet, unlike Monzo).
Just think of both as proper banks with proper bank accounts.1 -
Do absolutely not ever think of Revolut as a proper bank account because it simply is not. They do not FSCS cover, so if they fold, you do not have any guarantee that you will get your money back. Monzo does come with the full £85K FSCS deposit guarantee.penners324 said:Revolut is also a fully functional bank account (though the don't have a UK banking licence yet, unlike Monzo).
Just think of both as proper banks with proper bank accounts.1
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