Why limit split cost and money requests to 100 pounds?

[Toblerone (Toby)]

@Jackcrwhitney

I believe the service behind it all (Stripe) charge monzo about 5 or 10p per £100 topped up.
I can’t remember which it is, it was recently confirmed by Tom.

Tom confirmed 50p per £100.

@tom

A 0.5% fee would more-or-less cover the cost of card topups. So topping up £100 would cost 50p.

What it boils down to though is whether this is a 0.5% charge or whether it is something like a 1p + 0.4% charge.

If it’s the latter it costs less for Monzo if it’s done within a single transaction rather than multiple - a bit like Amex:

@joey100

We do incur a small cost for every payment you send out so if it’s all the same to you, batching up a weekly or monthly payment will help too!

If it was just percentage, it wouldn’t make a difference if it was batched up, or individual itemised transactions.