Introducing Monzo Flex – a better way to pay later 🚀

After using Flex for a bit, I think I’m changing my mind about how Flex transactions are categorised.

The way it works at the moment means that the spend is reflected in Trends when you repay a Flex transaction, rather than when you first made it.

While I think you can make the argument both ways, I think for Trends I’d rather see the cost recognised when I first made the transaction. After all, that’s the way it works when you make a payment on your credit card on a connected account.

Practically, that means changing the way categories work: the “refund” money from Flex and the repayments would just be categorised as Transfers.

Quick straw poll:

  • Flexed transactions in Trends when you make the purchase
  • Flexed transactions in Trends when you repay Flex

0 voters

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