What is a Net Spend Limit?
A net spend limit tracks the total amount youâve deposited minus any money youâve withdrawn. You can set this yourself to help you manage how much you actually spend over time.
Previously called Net Deposit Limit: This limit was renamed to Net Spend Limit. If you've seen it referred to as Net Deposit Limit before, it's exactly the same thing.
How They Work
These limits are based on your net spend:
Deposits â Withdrawals = Net Spend
So instead of just counting what you put in, it reflects what youâve actually spent.
Example:
Monthly limit: £/⏠50
You deposit £/⏠50
Then withdraw £/⏠100
Your net spend is now -£/⏠50
That means you could still deposit up to £/⏠100 before hitting your £/⏠50 limit.
Staying Flexible
Youâre in control - but changes work slightly differently depending on what you do:
Lowering your limit (more restrictive) â happens immediately
Increasing your limit (less restrictive) â takes 24 hours to take effect
That delay is there for a reason - it gives you time to pause and think before increasing your spend.
When We Step In
In some cases, our Responsible Team may apply a mandatory net spend limit to your account.
If youâd like to request a change, just reach out to Support - theyâll talk you through your options.