Are the Flex and current accounts balances combined?

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?

This is just an example.

Yes.

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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).

£691 monthly on PIP is not safe for Flex.

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Where? I have a flex balance and that shows completely separate to my current account balance in app.

And if OP is asking about credit reporting, they’re completely separate things, too.

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Maybe seek out some support/guidance for your finances as you’ve made a few posts and don’t seem to know how it all works.

Much better to get some advice before you spend.

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Monzo have a financial health and also a vulnerable customers team.

There’s also Citizens Advice and the Money Advice Service. I’m not sure what OP is asking exactly, but agree with you, some support wouldn’t hurt.

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The figure top right is accounts/pots minus Flex.

I have money in my account/pots but more on Flex, so I’m on a minus. But not overdrawn.

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I have no idea where that screen is. But you’re right, if you select accounts, pots and flex in Trends → Balance, it will combine them all.

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That’s the main list of pot

If you’re looking at your recent transactions, press your avatar top left.

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Maybe because I’m New Nav, I can’t reproduce what you’re telling me. I love how straightforward it is to navigate the Monzo app :upside_down_face:

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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

Thank you for your understanding.

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.

I wasn’t exactly asking about credit reports here.

My credit score is meh, almost 600 so its fine. I was able to open a sim only with EE and I was eligible for Flex (which I am surprised about).