Although we can add notes to transactions that are to a pot or between a personal and joint account, the notes can be added only after the transfer has been made. This is cumbersome and it would be a lot smoother to have a notes field when setting up the transfer (as when transferring to another Monzo user or an external bank), so the note can be entered when creating the transfer. This is particularly important when moving funds between personal and joint accounts, because at the moment it is necessary to:
I use pots to save. Obviously, the best way to save is to not spend. When I consciously do not spend (eg. walk instead of getting the bus) I would like to put the difference into my pot, which is fine but would be great to add a note on where I found that saving (eg. walked instead of paying more to TfL!)
Or, didnāt buy desert in a restaurant, avoided the pub one night, etc etc.
Iād like to be able to add a note / tag to every movement of money AS I MAKE IT. I donāt mean payments that trigger push notifications, but rather money I move myselfā¦ Currently, if I withdraw money from a pot or move it between accounts I have to literally make the transaction and then go back and tag it afterwards in the history - which is a bit time consuming. When I move money between accounts I have to do it twice - in both accounts to show my matching transactions! Itās all for my personal benefit, but also so both my husband and I can see why money has been moved & spent - and who/what on.
Tagging is an essential part of my way of keeping track of my spending and I literally tag every single movement of money, so to be able to do that AS I move funds would be AMAZING!
For instanceā¦ Image 1 shows a transaction I made within my joint account this morning. I then have to go into the pot history (image 2) to add the tag. And then into my personal account (image 3) to add corresponding tag. It would be nice to be able to add the tags at stages 1 & 2 (images 4 and 5). I canāt imagine itād be too hard to add a ānotesā box to the withdrawal, add and transfer windows.
I have android, and yes we do on push notifications, which are EXTERNAL transactions, but movement of money WITHIN the accounts (as per my pictures after the first response) does not trigger a push notification.
This is an old suggestion and it really surprised me that it hasnāt been implemented! I just set up an account here to BEG for the same feature suggested here! I use a āBillsā pot every month and it takes so long to transfer everything and I try to keep track of what Iāve saved in the pot ready to go out, then when it comes out I try to keep a track of what Iāve withdrawn from the bills pot. But when Iām in a hurry I donāt have time to manually go back to both the pot and the main account to add notes, then Iām left with confusion over what has and hasnāt gone out yet!
Please please please Monzo implement this idea! It would just need a section for āNotesā on the add/withdraw screen and have it automatically fill in the notes on both the pot and the account.
Adding my voice to this request - we use pots to track/plan/save for big expenses (like Christmas) and it would be super handy to be able to have a note in the Christmas pot to quickly write how much weāve spent on each personā¦ We obviously could split our Christmas and Birthday pots into separate Christmas/Birthday pots for each person but that would require 8 of our 20 allowed potsā¦
One of the enhancements that would give the biggest benefit for me would be to enable the addition of notes at the point of withdrawal from a pot, and to have this note reflected in both the pot and the main account, making the note visible in the main account. My frequent scenario is this: 1. Buy an item from Amazon using Monzo. 2. Withdraw the corresponding amount from the pot. 3. Add a note to the transfer in the main account, so that I know Iāve made the corresponding withdrawal. 4. Get frustrated that I later have to tap on the transfer in order to see the note because the transaction listing just says āFrom [pot name]āā¦. It would be so much easier if a) I could have added the note at the same time as withdrawing the amount and then b) immediately be able to see the note in the main account transaction listing.
It used to work like this. But then pots were split out into their own sections in a bank statement so that transfers between accounts & pots could be accounted for properly. At this point the note of the outgoing transaction stopped being carried through to the incoming transaction. This may have been a regulatory issue.
