Early pay day is a great success. It does however mean the gap between payday and bills is a little longer.
I’d like to be able to tap and upcoming direct debit at the top of the feed to release the funds early.
The benefit is that I can get paid and pay out my bills all on the same day and know exactly where I am rather than having to wait for the time between 27th and 1st (in my case).
I’m aware there are manual workarounds to this and the new ability to pay DDs from pots is good but this additional feature I request would be a great additional option.
I’d be happy for Monzo to make money on holding the funds at the BoE overnight. I.e. taking it early out of my account into a Monzo suspense that I don’t see that then auto pays the bill on the correct date.
I really don’t like having money available that I don’t actually have available. It’s the same thing locked pots aim to solve and they are good but they are easy to unlock.I’d rather the money all go out en-masse asap after payday