Transaction limits help you maintain control and security over your funds, especially in larger or distributed teams. While small teams may not need complex rules, setting up transaction policies is essential for workspaces with multiple team members or higher operational risks.
What Can Be Configured
You can set up advanced transaction processing rules based on the following parameters:
Transaction amount:
For example, set rules for transactions over $1,000; more than $1,000 within 24 hours, or for any amount.Source account:
Apply policies to one, several, or all current and future accounts.Destination address:
One, several, or all addresses in the Address book;
All external addresses;
Accounts within Bron (one, several, or all).
Transaction creator:
One, several, or all team members;
Only owners.
Number and list of approvers required before execution:
From one approver;
One, several, or any team member with the appropriate permissions.
Example: Setting Up Transaction Policies
Suppose your workspace has three team members:
Owner: Should have unlimited access to all funds.
Finance Manager: Handles regular payments with a known budget to known addresses.
Operations Manager: Manages the portfolio.
Sample Policies
For the Owner:
Transactions from any account to any address of up to $10,000 per 24 hours do not require approval.
Transactions over $10,000 per 24 hours require approval by any other team member.
This protects against unauthorised withdrawals if the owner’s account is compromised.
For the Finance Manager:
Transactions from any account to any saved address under $5,000 per 24 hours do not require approval.
Transactions over $5,000 per 24 hours to saved addresses require owner approval.
Any other transaction over $1,000 per 24 hours requires owner approval.
For the Operations Manager:
Internal transfers between workspace accounts do not require approval.
Transactions over $100,000 per 24 hours to saved addresses require approval from one team member.
Transactions over $200,000 per 24 hours to saved addresses require approval from two team members.
Transactions over $50,000 per 24 hours to any external address require approval from two users.
Bron’s policy engine allows you to implement any workflow you have in mind.
If you have questions, contact our support team via messenger on the Bron platform or by email support@bron.org.