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August 22, 2018

Monese introduces unlimited ‘Premium’ plan

UK-based mobile only banking service Monese has introduced unlimited Premium plan designed specifically for the heavy-duty customers.

Available against a fixed monthly fee, the service includes unlimited ATM cash withdrawals and free foreign currency exchange at the wholesale rate.

It also includes free cash top-ups and free instant card top-ups for the customers.

Furthermore, all Monese Premium plan customers will get an additional banking account and a card at zero extra cost.

In a blog post, the lender noted that the Monese Premium plan is the best personal finance solution for all people who travel frequently.

If a customer does not use its Monese Premium for an entire month or if the account does not have any money in it, the customer will face no penalty.

Besides Monese Premium plan, the company has two existing plans- Free and Plus. Most of the customers using these plans are said to be salaried people.

Current customers under these two plans can upgrade to Monese Premium. They can also switch to their previous plans at any time, after completing a minimum term, the bank said.

All users at Monese can open a full UK current account and Euro IBAN account without getting their credit score evaluated by submitting a one form of ID and a video selfie.

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