Monzo chargeback

I wasn’t sure, but here’s why I thought it might be

1 Like

I think it’s this provision where an overdraft fails the test

  • credit is advanced under arrangements between the credit provider and supplier of goods or services.

The supplier doesn’t have any knowledge of the existence of an overdraft.

1 Like

The FCA specfically say that Section 75 does not apply if the credit was provided through an overdraft or a bank loan.

1 Like

thanks @HoldenCarver and @Anarchist.

I can stop giving people the wrong advice :rofl: