• Ideas

  • Implement a delay when applying a higher transaction limit

Feature request: time lock on transaction limit setting. This is a safety feature. Let’s say I have €50k in my account. I want to feel safe from €5 wrench attackers. So I want to set the limit for spending/doing transactions from that account at €1.000/day. I would like to be able to set a time frame for increasing the limit for that account. Let’s say I increase the amount, but I’ve set the time lock for three days. Now the limit will be increased, just that it will take three days. This makes me safe against attackers invading my house. Please ad this feature. 💚

alternatively, you could create a ‘vault’ account that accrues interest with this time lock feature. Like a time locked savings account.

    I would like expand on the original idea with additional or alternative protections for the user to choose from. Topic starter wants time delay. Other options:

    • Extra verification with Security Key (Non-mobile Passkey, Yubikey)
    • Extra verification with location-based (by GPS and/or internet ip)
    • Extra verification via email. (Soft)
    • Trusted Party

    Different combinations and fall-back configs can be made.

    To think along with the TS situation.
    A payment lock that can be unlocked by needing to be at 2 to 3 places sequentially to confirm the transfer.

    • So geo-located multi-site approval. (If gps can be spoofed locally, the multi-sites could be augmented with location unique markers or authentication though that quickly comes down to an immobile passkey.)

    All these technical options; the topic starter might be right that time itself might be the safest option.

    The irony of going from slow bank transfers to instant and wanting more delay again truly shows then need for complex user use cases. The number of zones in the Venn Diagram keep increasing.

    (Who was that stand-up comedian talking about the way how his checking and savings account was set up and that it took three days.)

      4 months later

      +1 for request

      Currently savings accounts are protected only by a passcode on the phone and the phone is always in the pocket. So it's relatively easy to get into trouble somewhere during the trip and be forced to enter the code and transfer all the savings.

      Some kind of an (optional) time lock at least for savings accounts would be extremely helpful for the peace of mind. BTW, ABN has this feature already.

        @kserz#278364 Hey there, Sergei 👋
        Rest assured, you can protect your bunq account and your funds by using the Auto Logout feature, to ensure that you're always logged out as soon as you leave the bunq app 🔒 Check out how to enable it here 🙌

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