I have had a monzo account since the per pay days but have only been using it for holidays and paying friends on nights out. Recently came back from Turkey where I used Monzo again and thought why am I not using this all the time?
Anyway today I swapped my salary over so my next pay will be coming directly to Monzo and I have started to move over my direct debits. I did not want to use a transfer as it would of closed my legacy bank and I want to hold onto it until I am all happy.
Anyway long story short. I was a bit of an idiot when younger so I cant get an overdraft with Monzo I totally understand why perhaps in the future they will allow me but today in my legacy bank I have £200 and I like this as a small buffer.
I have created a pot called Fake Overdraft and put £200 and want to use this like a fake overdraft. I understand I need to manually move money back to my main account if I need to use it which is not really an issue but was wondering if there is any automated way to re-top up the pot to £200 automaticly on my pay day e.g. I spent £50 from it in the month leaving £150 and on payday it would automaticly transfer £50 back over to take it back to £200. I thought I may be able to do this with iftt however I have not been able to work it out.
Whats everyones thoughts on this? Is there a better way to work this for me or has anyone set up a similar ifttt rule that could help me out in getting it set up?
Anyway this time next month I will be full monzo and quite exicted about it!