Being paid every second, an experiment

[rarther]

@bee

Great minds think alike!

Yooo I suggested this genius idea as well on the extraordinary ideas board in 2017 but I got 1 like and no reply. Probably because i’m nobody and have a rambling, incoherent writing style

The Monzo Extraordinary Ideas Board!

Great! Finally a place for the crazy ideas! Lending/Saving idea - Liquid banking. Instead of the balance being stationary until a payment goes in or out (boring list of credits and debits as it has been since the Medici) - give users the option to drip a payment over time and have their money in constant motion. E.g Direct debit of £30 taken on 1st of the month - Merchant gets their money as requested but from Monzo instead of account. Monzo break the 3000pence into the seconds in that month …

Monzo Drip™ - you can have that one for free, TS.

Put money in a pot and then toggle on Monzo Drip in the pot settings, choose period of time to drip the balance and it begins moving a fraction of a penny each millisecond to the destination account. When a penny has been reached the balance ticks up 1p, so appears to be moving in real time.

Would be awesome but no idea what a monzo bank statement would look like Also, major issue would be that you need to have a month’s worth of spending in the bank, which rules out about 90%+ of people.