@Dan5 Thanks for chipping in! As I was saying above, I work in fintech too and something doesn’t add up, which may be down to misinformation that reached me: if the per tx limit is used in fraud detection and/or prevention then I take it that you don’t blindly allow 5 txs of 100 in a row during a day, as that’s equivalent to allowing 500, so I take it that you can indeed block some of the 2nd-5th transactions based on conditions or learned patterns (and that the information I was given should have read “up to 5x100 per day”) - correct?
If yes, then I agree and I’m not contesting Monzo’s implementation.
As you know, many EMIs stick to only daily and monthly hard limits, and only dynamic triggers for txs. Perhaps you’ll consider that in the future to ease usability depending on your stats.
That’s true if a decision process is triggered before the 500 limit is reached, otherwise it’s irrelevant, hence the distinction I was making above.
I mentioned I didn’t see any official statement from Monzo before Dan’s post above, and I wasn’t the only one according to a previous post. But that would require you to abandon hostile attribution in order to see beyond a singular point of view.