Hey, so I said previously said I was approved for Flex, I have a £250 limit which I will decrease to £150.
If I do apply, let’s say I had £650 in my current account balance, will it show as £-150 in the Flex account and will the current account show as £500?
I’ll probably just wait until I’ve got employment (yes I was approved despite saying I’m unemployed on benefits with less than £20K income through the Monzo app, I get about £8K yearly right now on PIP).
Oh yeah, I have that off in labs so I’m using the normal App Store version
Anyway, OP, if you have £150 credit and don’t spend it, it doesn’t matter. If you spend all £150, your main account balance remains the same but there is a figure that shows your overall balance. Account + pots - Flex
I do actually know how Flex works and how BNPL does work, I just wanted to verify if what I ask is true or not.
I used Klarna in the past many times without issue and don’t owe any money to them. I do wish to go to Flex as it seems nicer, especially when the physical card is done being tested.
I’ve seen posts where you have - balance, you’re not actually owing money but it’s for the Flex account.
The amount deposited goes to Flex, and that’s when the £-150 for example in Flex occurs. Then your account has £500 in your current account for example.