Hello Monzo community!
I’ve seen a few post regarding a Low Balance notification and I think its a great idea! I have a couple of other ideas that would help avoid Declined transaction due to low balance:
Morning report / alert:
It would be awesome if we could have a warning in the morning that let us know we are not going to have enough money for the rest of the day. It could use our activity to extrapolate the average spending per day of the week and let us know we’re gonna be short. For exemple lets say every Monday you spend 7.5 in coffee, transport and lunch, if in the AM your balance is lower then that, a nice message would pop up:
“Oops it looks like you’re gonna be short today, do you want to top up?”
An option to add a red dot notification to the Monzo icon (on iOS) if the balance gets under a certain amount would be amazing. Maybe even show the amount left?
Auto transfer from a pot to another. It would be amazing to have the ability to automatically transfer money from a pop to the main account when we try to pay something and it gets declined. (With bespoke configuration) Once we top up, the app could ask if we want to put back the money in the pot we borrowed from. Basically borrowing from ourselves. Maybe a similar setup as the Coin Jar, have this option turned on for pots called “Buffer”
Notification when balance gets below a threshold. I put this one again cause I think it would be very useful, although Im not sure its in the spirit of the app when we use Monzo as a main banking solution.