With the Big List’s 3 months coming to an end soon, just been having think about what I would like to see come next so here goes.
Interest on savings within a pot - Part of the Big List and probably coming very soon I’d imagine.
Improved Custom Start Dates for Summary - This was ticked of on the Big List but it hasn’t been fully completed yet in the eyes of most people. The ability to preset the date on which you’re going to be paid. I think Monzo should move away from the idea of a month towards the idea of a manual pay period. I would like to see the ability to select the dates of your expected future pay days (mine change if they fall on a weekend) maybe through the use of a calendar that pops up. To make budgeting more accurate it needs to be from pay day to pay day. Take this month for me for example. Last month I was paid on the 25th so it runs from the 25th to the 24th, however this month it will be the 24th so it needs to run from the 25th to the 23rd…
Custom Images on Pots - A big one for me.
Shared Pots - Not relevant personally but a big request for many couples.
Offsetting category spending with incoming transactions - A solution to the problem that everyone experiences where if you spend the full amount on a transaction and then your friend pays you back, you can’t offset the incoming amount on the amount applied to the category or your budget initially
Deposit Cash - Not crucial but would be nice. Looks like this a more medium term objective for Monzo.
Once these are all done, I would have all I personally need to manage my money as I want to within the app.
If I was Monzo I would focus on these areas. I get the feeling that they are working on a number of features that only work with Monzo users as an angle to increase growth, along with new golden tickets features. I would argue that if they just improved the app in these areas, there would be no reason not to recommend Monzo to others, increasing organic growth. Monzo could then focus on improving features that work only with Monzo users.