I received my updated T’s&C’s today following the announcement of the new ‘Double Payday’.
Should the below section not say £120,000;
Your money’s protected by the FSCS 
Your eligible deposits in Monzo are protected by The Financial Services Compensation Scheme
(FSCS) up to £85,000 per person. See our FSCS Information Sheet for more information.
Likely a slip up in whatever department is responsible for adjusting the T&Cs as they’ve updated their security page to reflect the new protection
that is definitely meant to say £170,000 now 85k per banking licence and Monzo has two licences with the Double Payday changeAlready a bunch of people flagged it on the main thread they are updating it just slow rolling out the new T&Cs text
It increased to £120k not doubled the original £85k as far as I’m aware