Agreed, it also only “works” if people are using the set categories if people adhere to them.
For example me putting my going out drinks under the personal care category doesn’t provide a true picture for mozo to generate stats or identify trends compared to other peoples spending in that category.
That is presumably what triggers the default categorisation anyway.
If Monzo really are wedded to their categories, then allowing sub-categories of those top-level ones would preserve their data. After all, I’m likely to use the Bills top level for my “Energy” sub-category.
I’d have more sympathy with this view if Monzo had actually used the few years since they first raised this objection to use such stats.
They have not.
It seems this could be combined with Show MCC
What people want is more power and control about how categorisation works. Intrinsic to this is getting all the information about the type of transaction. Monzo’s automated categories are okay but those of us who want better control would prefer to have all our data not just a glossed over summary 
Yes! Killer idea for those of us who love to play with data!
Or just the ability to create their own categories 
Absolutely, there’s no reason why Monzo need to select a category for me. I’m more than happy for them to do what they want with an MCC code, as long as it’s nothing that I need to see or interact with.
Which allows me to select my own category without any pesky other info getting in the way 
Christmas rolls around again and reminds me how annoying this missing feature is… There’s no gift category still, even though charity was added so there’s now a gap in the list which would be perfect for it. I have a single category that contains cat food, gifts and DIY stuff, as none of them fit anywhere else, and I can’t effectively budget for gifts which seems like something that a lot of people would use.
Yes, custom categories please!
Great idea, I wish Monzo would steal some ideas from money board as they have categorised spending nailed down! 
I would lie, to see this the hashtag is helpful but I think what every one has said would be more helpful to manage money and see where you spend ect
I use a pot for gifts. Move money into it each month and then back out when appropriate.
I finally signed up to monzo properly last week. This issue has come up within days of spending. If I can’t do simple things like see how much I spend on booze or gifts then I’m not really budgeting properly?
Surprised to see this has been requested for so long but not implemented.
Otherwise the app seems good, but I can’t see myself switching my salary over until this is implemented.
Yeah its a bit of a nuisance.
The good and the bad news is that it looks like its coming… but it will more than likely be a part of the paid monzo offering. 
Where have you heard this?
From my interpretation of the last monzo plus update where they mentioned “power user” features being paywalled.
Happy to be proved wrong obviously as its the one feature ive been crying out for but at this point im expecting it to be a paid for feature
Did the update mention custom categories?
There’s a good case for it being a paid feature
You can manage without custom categories but some people want that bit extra visibility
Do you need them enough to sign up to a paid account for them? Or would it be a cumulative effect of several features like this to make it worthwhile?
Honestly from what i can determine will be in the paid account it wont add value to me at all (virtual cards, different coloured card, travel insurance, extra atm limit, travel lounges, metal card, round up accelerator)
Custom categories or lack of should i say is the reason i dont keep my full monthly spending amount in monzo because budgeting just isnt up to the scratch i personally would like it to be.
I don’t think id pay to gain just this feature, ill continue to use my current excel method as much as it takes up more time its just counterintuitive for me to pay for something like monzo plus when i wont get enough value out of it i dont think (unless theres a few more killer things added)
If it was free then happy days, monzo would then become my main account and would probably make more off me 
It didnt by name no but provided a basis of how monzo were going to decide whats paywalled and whats not.
Bruno and his team mentioned theyre working on summary and custom categories next, not too sure if hes confirmed if itll be plus or not 