This feature would be a great way for our Monzo customers to segregate their monthly bills to one account. How the account could work:
- The account would act like a pot.
- The pot has a sort code and account number (enabling direct debits/standing orders).
- The pot would not have a physical card
- Customers can transfer in (and out) any amount of money (BAU)
- Software integration would build analytics and inform customers how would is needed to be transferred into the pot to ensure direct debits are paid. As direct debits are visible a day before - Monzo could send a notification if there are insufficient funds - allowing customers to transfer funds in before the debit.
- Monzo Plus feature?