Wouldn’t it be great if we could create an automation that transfers an amount from a saving pot to current account triggered by current account balance falling below a threshold?
If you agree please upvote this idea.
Having IFTTT available for Monzo is great, but there’s no account balance trigger.
My use case: I keep my budgeted spending for the month in a savings pot so it earns interest whilst it’s sitting there. I put a small amount into the current account so if I lost my card there’s not a lot there for someone to steal. Periodically I top up the current account from the saving pot. I’d love to be able to automate this so that eg when the current account balance goes below say £50, an automated transfer for say £200 goes from the savings pot to the current account.
It would also be helpful to trigger transfers the other way when the balance goes above a certain threshold.
An extension could be for the transfer to be triggered if a transaction would otherwise fail due to insufficient funds. Obviously this would need a limit on the size of transaction that could trigger this and ideally a filter for acceptable merchants or categories so that my fraud protection concept still works.
I’d be happy with just adding account balance threshold breach as a trigger in IFTTT!