Monzo mentioned about the £1000 day or within 6mths being theirs that they’ll later revisit, has there been any official response why they have set the £300 per transaction limit rather than £500 which other FinTech have for PayPoint? A few staff seemed to think £300 was PayPoints limit when it doesn’t appear to be. A £1000 limit per transaction would obviously be the most practical.
Other than paying £4 vs £2 vs £1 to deposit the same £1k
It still doesn’t help cases like selling an old car for a few grand and waiting yrs to put it all in the bank, would be great to have an exceptions to bypass limit that chat staff can approve if need be. I guess until Post Office deposits come along stuck with whatever the actual PayPoint limit is