I’ve just joined so I apologise if this seems like a silly question, why does it say I have so many days left next to my balance. What happens to my funds at the end of the month if I don’t spend it all. I opened a Monzo account to save the money I’m paid in cash as it was easier than having to try to get to a bank with all that’s going on. I don’t want to pay money in if it’s going to disappear within a month.
An estimation is made, based on your expected direct debits etc, how much you’ll have at the end of the month. It’s simply a budgeting feature and nothing happens to your money, your money is safe.
Monzo is a regular bank.
Hi Tracey, welcome to Monzo.
Don’t worry, nothing will happen to your money - the summary is simply a budgeting tool to help indicate whether you have enough ‘money left’ until your next paycheck based on current spending.
This topic was automatically closed 180 days after the last reply. New replies are no longer allowed.