Add external expenses

So I have a Monzo account it’s great but I also have a student account from HSBC with £1000 overdraft, monzo can’t really compete there so when I have a big expense I use my HSBC card for obvious reasons. But then comes the problem of the purchase not being a part of my monthly report, This seems simple enough to implement.

Whatever it is, it certainly isn’t simple! The entire app is focussed around a single account at the moment so implementing others will take quite a lot of change to the fundamentals.

Fortunately, some of this will be managed as part of the introduction of joint accounts but that won’t take us all the way to having full visibility of data from other accounts yet (assuming the banks get their APIs in place to support it).

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:eyes: This is the kind of thing my boss says to me, usually before I start sobbing.

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With me it ranks alongside “It’s only software” and other great favourites. :grinning:

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I didn’t mean integration, just add expenses and flag them as funds from external sources so budgeting can stay in tune.

Hmm, OK. I’m not sure that would work.

Since these figures won’t be affecting or reflecting any balance held inside the bank, which is what the budgeting features are built around, I’m not sure how helpful that would be. Brining in external numbers like that would surely just break the maths and any correlation between the budget and the account balance would be lost.

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True, maybe just add it to the expenses list and not involve it in the maths

The answer is simple. Use HSBC’s new app to see both your HSBC and :monzo: Monzo accounts together.

Even better, use the Yolt or Emma apps which will show both and automatically apply tagging and budgeting features to both, like Monzo does.

I’m sure, in time, when Monzo becomes its oft–stayed aim to become your financial control centre, you’ll be able to integrate other overdrafts into its ecosystem in a similar way.

Does HSBC connect app now support Monzo?

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No idea.

I’d recommend Emma anyway, as their budgeting algorithm seems to be the most advanced, but mentioned the fact HSBC provide a similar app first out of irony, and secondly in case the OP wanted to keep things all ‘in house’.