It tells you your balance after current account minus flex.
What you mean is you would like it to show you otherwise instead of one figure.
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No. What I mean is that is tells me nothing actionable, nothing useful and nothing that is of any benefit.
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Your overall account balance isnt of benefit?
Also, they do this in the Manage screen on flex which tells you how much you need to pay on the next due date.
Read what I wrote 
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I did.
Your home screen tells you what you own/earn interest in via pots.
Current account - £££
Flex - £££
Overall balance means you are in (or potentially in based on balances) a deficit essentially.
Manage tab tells you how much you need to repay your debt.
I think you ask too much, or aren’t really clear in what you’re asking for.
The information is very clearly there, maybe not a way you want it, but it is there otherwise you’d be paying blind each month if nothing visible was of any benefit and potentially fall to arrears or otherwise.
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I agree with Peter g and have mentioned before that taking flex balance off the balance of pots and current account is useless, flex is a credit product and in my head is separate to my accounts balance. Somehow maybe showing next flex payment might be useful?
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I will kindly disagree - it is a very useful figure for me and people like me.
Ages and ages ago, I got into debt. At its peak it was quite high and looked insurmountable, but I worked and worked and worked some more and with careful planning I managed to pay it all off.
From that point, I vowed never ever to allow myself to go into the red again, meaning I never want my overall balance to be negative. I will always make sure my credit card balances are never more than the cash I currently have in my accounts.
Therefore, a figure that shows me my overall balance is exceptionally useful for me as it helps me stay in the black.
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I do think there’s a need for a net worth figure in Monzo. And for folk like you the current set up obviously has utility. But different folks have different needs so it would be swell if mine could be met as well as yours.
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But a figure showing overall balance ain’t great for budgeting your flex repayments, if you select 3 months interest free for example and can manage the repayments, you are shown a overall balance figure in the current month only. But you have budgeted your 2nd and 3rd repayment out of two future months wages not just the current month. Also how far do monzo go with this, will they next show loan balance in this overall balance as well?
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This would make an interesting read or community AMA!
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Balance in trends uses the same logic and suffers the same problem too.
It’s helpful for figuring out what my monthly payment needs to be to avoid interest, but yes I agree, beyond that, it’s useless. I can’t use trends with my credit cards enabled as well as my current accounts and pots, because it’s just not helpful subtracting my credit balance from my current accounts and pots balances for making sure there’s enough to cover bills.
It’s a logic problem, and I’m usually very good at solving them or coming up with ideas, but this one is tricky indeed.
Balance is still very useful to me generally though, I just have to turn the credit cards off and view those independently from the trends button on their respective feeds. They handle flex right here though. Rather than including it they just include your repayment as part of your predicted outgoings. I wish it was able to do similar for connected credit cards, rather than estimate the direct debit based on last months bill, estimate it based on the credit card’s balance from the last billing period.
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Agreed.
I kinda think the solution is quite simple:
- allow different default account selections on Spend and Balance (I want most everything, including credit cards, on my Spend tab. I just want to see my current account cash flow on Balance).
And here’s the key bit:
- let us input future transactions manually (so when i know my credit card bill let me tell Monzo what the next expected value for that direct debit is).
- predict recurring incoming payments. Why can’t I select my salary as a recurring monthly payment (in) the same way as i can tag as recurring a monthly direct debit (out)?
I think that would largely fix it?
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In theory, this’ll do the job!
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Not gonna lie, I’d basically live in Balance if this could be a thing!
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I may have missed something but now you can pay the first payment later like a CC do you still need a certain amount in your Monzo balance to use Flex?
Nope, don’t need the 1/12th as you did before. Flex your heart away 
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I guess you still have 24 hours to pick a payment plan though?
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Yeah all that remains the same, just don’t need a minimum.
Such an easy way for some people to fall into debt now.
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Thanks! I haven’t used my Monzo account for anything for quite a while now so wasn’t sure on the changes. Beyond the novelty when I first got Flex I haven’t used it, wonder if it will get taken off me at some point…
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