Advanced money management tools for joint accounts 🆕

[chrisjamesgunn (Monzo Plus Member)]

Yes! I’ve done exactly this

[MartyBo80 (Martin Joseph McGranaghan)]

Very happy after all this time to hear this news, and I will be trialling the virtual cards asap! Custom categories (with limited experience for partner) is excellent to see and google spreadsheet outputs are the cherry on top.

My only gripe, and I am sorry that I have one, is that in the preceding wilderness years we were forced to look elsewhere for a joint solution for payments from pots (including virtual cards), so while not ideal, we also now have a JA with Starling which services a chunk of our monthly budget to cover grocery spend and “entertainment“ monthly repeat purchases. I can see only a small part of this moving back to Monzo as this is running relatively well and without additional charge. I do get the paywall on some of the other features mentioned but competitors have beat you to the mark here and Monzo still comes up short regarding virtual cards and pot payments (something Monzo led the way with for personal accounts in the very beginning).

I do hope this is the start of things to come, and really am pleased to see these features now being rolled out to JAs as I had previously considered cancelling my perks(now extra) account but this might encourage me now to upgrade if changes continue to be made.

[twigusa]

Hi. I moved most of my subscriptions from my personal to joint account. One of them was paid this evening. However, it’s missing from where I’d expect it to show up. Under my personal account pot, I see payments under ‘card subscriptions’ in upcoming scheduled payments. On my joint account, there’s a list of direct debits but the ‘card subscriptions’ section is missing. I’ve marked the payment as a repeating one - not sure if there’s anything else I need to do? Is it shown elsewhere in the joint account instead?

[Remi]

It did on my personal account, around 2 years ago

Not sure, how it would be now tbh

[amjessey]

Good news, however, even though custom categories are now available in Joint accounts the ability to assign multiple categories to a single transaction is not (which is a feature available in personal accounts). Is this feature in development for joint accounts and when will it be released please?

[chrisjbrogan (Chris)]

Surely as someone that pays for max plus family then all features should be available to both.

[mikelward]

Please allow paying for Extra from a joint account.

[davidwalton (Award Winning Hot Coral Analyst)]

@chrisjbrogan

Surely as someone that pays for max plus family then all features should be available to both.

Absofintechlutely

[ahunt]

This looks great. Next update I would like to see a joint account with the ability to add another person to it. So an account that three people has access to? Is this something that’s in the Monzo pipeline?

[fintechfollower]

@rossmonzo

Customers with a Free, Plus or Premium account won’t have access to the full functionality of these features.

I get the free accounts part of this statement… but not giving this to other customers on (esp Premium- not inexpensive) accounts? Bit harsh imo.

[fintechfollower]

Is this not a retrospective upgrade to the new suite of products?

[twigusa]

Just to add to this, the number of upcoming scheduled payments is increasing as more bills are paid from the pot but there’s now no way to see what those payments are.

[davidwalton (Award Winning Hot Coral Analyst)]

Tap on the (Joint account) Bills pot, then tap on ‘Upcoming’ to see all the Direct Debits, Standing orders & Schedules payments to be paid before the currently active cycle ends.

You won’t see any subscriptions in that listing because they can’t be paid from a bills pot.

Soz if I’ve misunderstood the JA Bills pot scheduled payments you’re experiencing.

[twigusa]

My understanding was that they can now be paid from a bills pot (with a virtual card attached) as part of the feature being enabled for joint accounts.

I was able to create a virtual card for my bills pot and use it to pay for subscriptions. Everything works as expected except the ability to view the subscriptions. I would now expect to see the subscriptions in the area you mention - as I can on my personal account.

[rossmonzo (Ross)]

Hey @twigusa, we believe it was a bug which we’ve now fixed and is in the process of being rolled out. Could you please check again later today and let me know if the issue is still there?

[twigusa]

Nothing showing as yet. I’m on the latest testflight (5.82.0) on iOS and I’ve force quit and relaunched the app a few times.

[twigusa]

Same behaviour after upgrading to the latest TestFlight version (5.83.0)

[Chris_R (Chris Rimell)]

My only feedback so far is the restrictions of 5 virtual cards. I’m not greedy, but I would like to see the limit tweaked a little. Say 6, but with one that is ringfenced solely for joint accounts when none exist for joint (or joint pots)

So that’s 5 that can be used anywhere, and 1 extra special that can only be used on joint when none are attached to it.

Food for thought hopefully

[Sarahm (Sarah)]

Ask and you shall receive

Meet the next generation: Monzo for Under 16s

Hey everyone, I’m Sarah – a Product Manager here at Monzo. We’ve got some big news. As part of our mission to make money work for everyone, we’re so excited to be launching Monzo for Under 16s! A free account for 6–15 year olds, linked to a parent or guardian’s Monzo account. We know this is something you’ve been asking about for a while (here, here and here. Oh, and here and here). So we’ve created a form just for the community to sign up for early access. The story so far We got …

You can also visit our site for a bit more info on what’s coming soon

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[glenmcfar]

Hi, I’ve joined the waitlist. Do I need to do anything else? Thanks.