Aha I was just chatting about this over on Slack Super curious to see what they mean by this, I didn’t think it was possible to show an FPS transaction in advance - considering the fast nature of the scheme
Fingers crossed for some further insight into this
This is one of the best things about Monzo. As I’ve mentioned elsewhere, it spotted that I would go overdrawn over a month before it happened. I was able to call in some money I’d lent to someone, and was even able to tell them there was no rush - they had nearly a month to pay me back. HSBC would send me a text once a week to show me that I was already overdrawn, and they’ve had over 150 years to come up with something better.
While the date/time options are generally ignored when you make personal transfers (because Gotta Go Fast ), FPS supports scheduled payments and this is a useful feature for things like payroll, where you can get everything sorted in advance whithout giving up the ability to make all payments at the same time as without having to send everything in one all-or-nothing batch.