Can Monzo say when this will be available to everyone? It would be enough to make me change my salary to be paid into Monzo.
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My salary is less than 200 a week so, no I canāt self select. And its by Faster Payments too. etc etc
Short version: I canāt say āthat paymentā is my salary.
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This looks interesting but unfortunately I am paid via Faster Payments and not Bacs 
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Iām curious about this. Is it more expensive for companies to pay people with FPS? Why do companies still rely on BACS payments nowadays?
This from Barclays website - granted corporate customers can negotiate their own rates with their bank based on volumes and the value their bank places on the customer relationship.
Looking at this, FPS is more expensive, as youād expect for a faster service.
I wonder how closely those cost reflect the actual costs to the bank? 
Ā£5 for a faster payment is having a laugh although Ā£12.50 to stop a cheque seems even worse
I may be mistaken, but surely your not suggesting that some banks are ripping people off?
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Iāve got a really set and rigid budget that is finely balanced, so more often than not Iād avoid taking up this option. Having the option is nice though, because sometimes I could use it to try and level out one of those extra-long 5 weekend months if payday lands before a weekend.
So I personally think giving us the option is a step above any high street banks who force it on you. 
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Just saw this feature on Twitter. I assume itās being rolled out gradually to everyone? I saw on here too that it will be coming to joint accounts. One of our salaries went in yesterday but didnāt see anything and the next is Friday so 
Should be taking advantage of this tomorrow for the first time, as Iām paid via a BACS payment. As I expect 99% of the Civil Service is, via NatWest and the Government Banking Service who did the deal.
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Same, if I have access. 
Same, I get paid Friday. Hope I have this option tomorrow to try out.
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Donāt forget, if you take advantage of this, the money will have to last longer 
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Yeah, Iāve no need really for my money a day earlier but if Iām selected itād be good to test out before they roll it out to a bigger audience.
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My payday was yesterday. I didnāt get the notification Monday sadly
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I know, and I suspect some if and when Summary realises I donāt have a bill set to come out tomorrow, I might relax
I wasnāt going to askā¦ But what the hell.
Can someone who will find this really useful explain why itās useful (other than simply testing out a new feature).
Iāve tried to work out when Iād ever need it, and unless you happened to have zero money (or easy access savings), no credit card, and you needed to buy something in that very specific 24 hour time slotā¦ I just see absolutely no point for this?
The first time you use it, youāll benefit from getting your money early - Sure.
But then the following month will be a day longer, unless you take it out early again, and then all youāve done is bring your spay day forward by 1 dayā¦
This isnāt supposed to be a āwhat a useless featureā type question - But Iād genuinely love to know if Iāve missed something.
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For me it would be bill cycles, so BT donāt take the money on the same day every month, I also donāt get paid on a consistent day (last working day of the month, so it varies a lot), and that DD has been taken prior to the my salary coming in, so it makes that final day risky to say the least. pulling that money in 9 hours earlier means I wonāt go overdrawn and risk being charged for that, and gives me a bit of breathing space. Thatās why I would use it, so one month I might, another I wonāt
Would it not make sense to move your DD to the 1st or 2nd of the month?
Iāve done this with 95% of my DDās and it makes life so much easier.
Iāve asked BT and they wonāt, billing date and then collection date are all over the place