Include incoming 'Faster Payments' within monthly summary tab

[awjdean]

This feature has already been suggested. You can vote for it here:

Include bank transfers in budget categories

I know this has been brought up a lot of times but are Monzo considering including bank transfers in budget categories. Today i received compensation for a flight delay, as the money was sent through a bank transfer although I changed it to the holiday category it does not appear within my budget ie this payment should reduce my monthly allowance Surely this can not be hard to rectify, surely it must be better just to include all payments/transfers in the budget then people have the option to …

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I also think that this feature would need an Income category to prevent the category which you assign your salary (or the transfer of spending from another bank account) being completely overpowered by the incoming salary.

ie: if you assign your salary to General, then the General category will always be positive, preventing you from budgeting for spend assigned to that category. The overall budget would also be affected.

You can vote for an Income category here:

Income/salary category

For ages now it’s always slightly annoyed me my incoming salary is set to “general” category and the generic icon. It must be pretty easy for Monzo to know what’s an incoming salary payment and I feel it should have its own category and icon, it’s not really general, is it?