Monzo Labs: Improved Card Security

[erincandescent (Erin)]

@marcel_w

I think the limit based on the total amount sounds great. Does the £30 limit reset every 24 hours?

Its a continual limit - you need to re-enter your PIN every (for now) £30

@marcel_w

Not even sure if this is something Monzo has influence over, but for example in Poland when you process a transaction above their contactless limit you are asked to enter the pin in the terminal.

It would be awesome if you could authenticate by just being prompted to enter you pin in the terminal rather than having to put your card into the card machine first and then enter the pin or use the app for authentication.

We’d love to do that but UK terminals don’t support (and, indeed, for arcane reasons aren’t allowed to support) contactless and PIN.

Of course the easiest option is to use Google or Apple pay with biometric unlock for which you should never be asked to enter your PIN