When you set a spending limit to your account, the limit takes effect immediately. When you are making a deposit, we look back into your account history to calculate how much in net deposits you have made within the relevant time interval. The net deposit amount is the sum of all your deposits and withdrawals. You can choose to set a daily, weekly and monthly limit.
Let’s say that you set a weekly spending limit of $100 to your account.
If you don’t have any deposits or withdrawals in the past 7 days, you will be allowed to deposit $100.
If you have a total deposit amount of $50 in the past 7 days you will be allowed to deposit another $50.
If you have a total deposit amount of $50 and a total “confirmed” withdrawal amount of $50, your net deposit amount will be zero and you will be allowed to deposit your entire spending limit which is $100.