Idea from wealth experts

[anon31402234]

Hello,

In most wealth creation type books they suggest splitting your money into six different bank accounts and allocating percentages of your income to put into each account. It would be awesome if we had the option to do this with Monzo

http://www.harveker.com/2015/09/22/stop-waiting-to-manage-your-money-the-habit-is-more-important-than-the-amount/

@anon85247981

Being able to create folders or virtual accounts of sorts, and transferring money from your card balance there. You could easily name these virtual accounts to make their purpose clear. Any amounts transferred to those accounts are deducted from your card balance so they cannot be spent.
The functionality I had in mind:

• Being able to transfer money between virtual accounts
• When a virtual account balance hits 0: being asked if you’d like to delete or keep it (you may want to keep it to more quickly transfer funds back into it in the future)
• To make them easier to identify, virtual accounts get an icon which is automatically set based on keywords (similar to how the Google Calendar app automatically finds a background image based on the name of the event)

Nice-to-have:

• The ability to create rules for transfers in between accounts (e.g. on the 2nd day of the month, transfer £xx to this account;

[simonb]

This should be achievable with our upcoming savings pots feature

[Frankiejr (Frank)]

@simonb when do you expect to share more details on the pots feature. I saw the original sneak peak from @hugo but nothing since.

[simonb]

Probably not until we move everyone over to current accounts, to be honest.

[Frankiejr (Frank)]

Two things I am really looking forward to. Pots and shared pots