Get Paid Early (Discussion)

Monzo Chat
21

wished that I could use this, but my work needs my IBAN to pay me :sob: so I can’t be paid into my Monzo directly.

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22

Was confirmed that it ‘should’ work for joint accounts at the Manchester event last night, so fingers crossed!

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23

How long before The high street banks implement this they have a habit of improving what they offer :rofl:

24

This is amazing!!

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25

The implementation is really well done too

image

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26

Does anyone know if this is limited to one payment a month? I’ve just used it for some expenses reimbursement from my employer but hoping I can also use it for my salary in a week’s time :crossed_fingers:

27

I cant see a reason that it would be

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28

This’ll be for things that can be recognised as Salary, something which Monzo doesn’t let me change so… sounds great but will never apply to me! (self-employed, my ‘salary’ comes via Faster Payments, I don’t have the option to BACS from my business bank (yes, I should change my business bank, know anywhere that is offering them yet? :wink: )).

29

In which case couldn’t you just “pay” yourself a day earlier :rofl: With Faster Payments it’ll just hit when you click send right?

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30

Well, yes. But I was referring to this feature which is triggered by BACS.

I can pay myself any day I wish (I have a SO setup for convenience).

31

Oh yeah of course, it was just a light-hearted joke! :laughing:

I couldn’t see why you’d BACS yourself if you could faster payments yourself? (i.e. majority of self-employed folk).

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32

I’d BACS so that Monzo would recognise it as a Salary! Then I could use all the whizzy budgetting tools too… :wink:

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33

Has anybody got it to work?
As I said in my first post I received the notification but no option to say that I wanted it early. I can’t find any option in the app to enable it.

34

Have you got an upcoming payment in your feed?

35

Yes, greyed out.

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36

Looks like @Anzo did!

37

Are there budgeting tools that work differently when it recognises a payment as a salary?

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38

What is stopped by it not being classed as ‘Salary’? (I’ve never marked it as such my monthly pay is just marked “General”)

I was under the impression it is still functional?

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39

I think it was a joke with the wink but notsure?

Yeah you can use the budgeting with any incoming payment over ÂŁ200 regardless of bacs or faster payment etc or just pick a fixed date to go between.

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40

My salary (due tomorrow) is classed as Bills :roll_eyes: