Why, why, why is the overdraft on my Monzo so poor?

We can only speculate as they aren’t going to make the criteria public

Possibly its the amount of credit you already have available instead of credit utilisation as other banks assess on?

There was a report the other day saying new banks weren’t properly assessing risk so i think the conservative policy Monzo has is probably wise for them as a business (although annoying for you as a customer)

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