A member's spending policy lets you check how much you can spend in one transaction and in once month without approval.
Only account administrators (Account Owner or Administrator) can set it up by clicking on "Settings" > "Members" > select a member, then, on the right panel click on "Policy".
🤓 If you'd like to give more flexibility to your teammates, indicate an important amount per transaction/budget. However, if you'd like to have more control over their spending, then set at 0€ per transaction/budget their policy, which means that all their requests will have to be approved beforehand.
☝️ You're also able, if you need it, to set up spending policies at a company level, see how!.