Really really old thread but with really low demand.
Help me understand why this is important?
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As a new user, I have to say that Iām stunned that this basic feature is missing from the app. Why on earth is that? With all the unnecessary clutter on the UI Iād have imagined theyād find space for a basic financial management feature like running balance.
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Variable view points. I couldnt care for it and quite prefer it without.
Money management comes in many forms and canāt satisfy everyone.
Itās not a basic financial management tool, a bank statement is what you need here which does contain a running balance to tally up end of month.
The app seems to me to very much be trying to be a financial management tool, with all the budgeting features and so forth. Iād be expecting the transaction feed to virtually replace periodic statements or at least diminish their importance.
As you say, thereāll always be >1 view on these things. If Monzo had a mind to do so, it would be basic to provide a setting to turn a running balance on or off.
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A fair view.
In other news, Iād like a running balance (granted - after any currency conversion has settled). Iād also like manual accounts to go with this feature so thatā¦
forecasting with Trends/Target would be a serious personal financial planning tool compared to what we have with 
now.
Iāve dropped YNAB and am using Trends/Target extensively - but to have all predicted bills for a chosen period (not just the upcoming cycle) and any manually inputted expenses would be the clutch.
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Iāve not toyed too much with trends it triggers weird things 
but doesnāt it do what youāre looking for IE anticipated balance on current spend? Or is it solely just scheduled payments factored in?
Revoluts can predict scheduled due and also your current spending trends.
Trends/Target does both (mainly balance plus actual spend) but only for the current cycle.
Iād like to see future cycles in Trends, fuelled by manual entries in an account feed which are additional to the expected/scheduled/planned entries in the Monzo scheduled transactions.
Look-ahead 12 months based on what you have now? Monzo can probably do this.
Look-ahead 12 months based on what you have now, plus the manually anticipated income/outgoings - thatās proper financial forecasting.
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Just working my head around this one 
So, the what if:
Youād already potentially be saving for the what if moment as say, a standing order to your savings. This is already factored in for your planned long term purchase for example.
But if you mean a what if as in, Iām gonna book a holiday on my credit card in 3 months time, what will that look like from then onā¦ Then thatās the what if moment youāre seeking to view by manual input?
Forgive me if Iāve over looked/thought about it
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Apologies, I presented it as a āwhat ifā, as opposed to the intended āforecastā (my previous post now edited)
Effectively, Iād like the ability to add extra transactions, in the future, into a Monzo account feed (which may or not occur - but Iām in control of said entries) which would show on future reports (Trends graphs beyond the current cycle) in the app.
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It is for many people, me included. A running balance helps me to see the effect that each transaction has on the money available in my account, and I find it more useful than any other budgeting tools.
Itās a bit patronising to tell us that a bank statement is what we need, because banking apps should do away with the need to check your bank statements. I havenāt looked at my Lloyds Bank statements for years, why should I? Whatās the point? Everything I need to know can be checked in the transaction feed in the app.
The lack of a running balance is one of the main reasons why I could never consider Monzo, Starling, or Chase as my main account.
Yes, I could manage without a running balance if I had to, if there was no other option, but I like it and I want it, and whilst thereās a bank that provides it Iām jolly well going to have it.
Nobody actually āneedsā to get paid a day early, but many people find it very useful to help them manage their money and so Monzo provides that feature. Why canāt they also provide a running balance if many people find it helpful?
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The dream!
(Who do I need to tag to make this happen?)
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They can if they want to.
Maybe itās not popular 
Especially if other popular banks youāve listed donāt have it either.
For those who would like a running balance, how does this help you budget? What do you use it for? Genuine questions to help me understand.
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Iād need a running balance, future reporting cycles & manual (future) transaction entries to make it the right financial forecasting tool (for me). After ditching YNAB, itās the only thing I miss with the Monzo app as it stands.
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I use this to see how fast or slow Iām spending for the month with First Direct. Iāve actually found it to be a simple but useful tool, and Iāve spent less per month since having it.
Sometimes less is more.
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It helps me see the effect of each transaction on the previous balance, so I know how quickly Iām spending my money. I can say either āmy balance hasnāt gone down much, so Iām ok at the momentā or ācrikey my balance has dropped a lot, Iād better be more careful for the rest of this weekā.
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canāt believe it is July 2023 and they still donāt have this! I am going to close my account and go back to 1st Direct, I use it to reconcile my budgeting app called YNAB, by the way your customer service seems to have got worse have you outsourced it to India?
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That seemsā¦extreme? If there are other reasons for moving from Monzo fair enough, but they are still working on the new design, it might happen one day!
Thatās a little disingenuous and playing on stereotypes. HSBC and others use multi-national contact centres, and the service is better.
Itās less about where the agents are, more about the evident lack of proper training & support they are given by Monzo, IMHO.
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Itāll be August before you know it.
Seems a small hill to die on, but if itās that important for you, First Direct is a very good option by all accounts.
Iād advise you to leave your Monzo account open, in case you change your mind in the future.
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