Connected Accounts: What next? (Summer 2022 edition)

RBS and Natwest only show current accounts; all savers are excluded from open banking

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I wish I could view my Nationwide savings accounts in Monzo but sadly they (Nationwide) don’t support it.

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It would be a game changer seeing all my savings through OB in the Monzo app. It feels like OB has stalled a bit. It would be great if banks were forced to opt in all products.

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Any news on budgeting connected accounts? Just added my Amex… would be great if spending on that came off my main account budget.

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This would make trends next level

In fact so would budgeting of any kind within that section…

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Are there any plans to add Virgin Money Credit Cards to the connected accounts, as well as Chase Bank at all?

Would be really handy to see these so I then have a complete overview of all my finances, even more so with Tymit and PayPal Credit (although I imagine the latter is probably unlikely :pensive:)

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By my calculations, Virgin is the only low hanging fruit left (aside from moving those in Labs to live).

Chase doesn’t currently have an API but rumour has it they’ll have one in a few months time. It’d be good to have Monzo early out of the gates for that.

Those aside, I suspect we’re into diminishing returns. Starling Goals/spaces/pots/things would be good. And loans (from credit reports like mortgages). But my heart and head are both screaming manual accounts please!

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Genuinely curious with this one. Like connect accounts in and manually update the balance and transactions?

That seems difficult on a small device. I think if Monzo were ever to do a tablet/web/iPad version then definitely this!

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Shouldn’t be difficult on a small device.

A few options:

  • Just the balance (enter an account name and value, super easy on mobile).
  • Manual transactions (would love this - I’d be all over my back data - but might be more difficult on a small screen. How about inverse Google Sheets - you put your data in the sheet and Monzo sucks it in?)
  • Automatic balance updates (so the balance of your manual account automatically updates if you send money to it from Monzo / receive money from it).
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And just while I’m on it, what do manual accounts get you?

  • All your missing accounts in Monzo - not everything will ever be able to be connected through open banking.
  • Releases the potential to have net worth and sophisticated features in Trends.
  • (With transaction level data) the ability to upload back data so that you can compare years pre-Monzo and those post Monzo.

Basically it’s the key to so so much!

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With the Starling Connected Accounts, I wish I could connect my Personal account and Business (sole trader) account at once.

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