Do tell. I despise caveats until they are clarified.
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I guess it’s not for you. You don’t want to do your pay to get the limit then that’s on you. Like I said I have seen mortgages and loans requiring similar in the past, if I wanted them I would have to toe the line.
When people say you need to do x to get y but you don’t want to do x because reasons it’s all on you. You don’t need flex but would like to not follow the simple step.
Moving pay to monzo isn’t a big ask and it’s trivial to move it out after it arrives but if you find that too much then I guess you will find another product that doesn’t care.
Would you like Monzo to use open banking to snarf the data to verify your income or is that nuts?
Would this be your own business per chance?
Now as you did that I don’t want to see you pleeping about people enjoying get paid early again which is from any bank 
you literally went to a bank yourself knowing it would be faster as it’s the same as the paying account.
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Monzo do that. When I applied for Flex my income was being paid into my HSBC account, so the Flex sign-up flow asked if I wanted Monzo to use Open Banking to verify my income. I was able to get Flex with the £3000 limit.
They don’t appear to offer it for Flex limit increases, though, so I’m always turned down.
Lloyds never paid us early with a Lloyds account, but I remember in an interview with Barclays some years back they said having a Barclays account meant you got paid a day or so early.
NatWest used to weirdly count Saturdays as a working day so your pay would arrive the Saturday if it was due Monday.
But other than monzo and revolut with their paid early feature, maybe a few other tech types, I’m not sure who else actually pays early enough to count it as early.
I recall one bank paying people at around 11pm UK time the day before it was actually due, can’t think who that was, maybe Santander.
Indeed. I flagged this☝️there.
Do you have the same bug I’ve mentioned - I’m on Android? Still doing it for me
Apologies!
Yeah I do have the same weird calculations.
If paid in full today the balance is correct, minus interest.
If I look to pay down £200, with a balance of £1,290.88 including interest, minus the £14.63 interest saved, shows me the correct balance left to pay with interest.
While both figures are accurate, it’s not wholly transparent what the figures represent in this format.
Something like “includes £xx.xx interest” or similar under the balance would be beneficial, otherwise yes it becomes rather confusing unless you tap between screens.
Yeah that’s actually slightly different, and also a little weird 
. My figures are about £200 out and no interest bearing payments
I just read yours again.
You win for most confusing
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Hey folks. I’m was off last week, so catching up on the feedback on Pay Extra and I’ll take a look with the team 
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It’s counting it as if you’d manually paid off an additional sum, which is currently always taken off the final payment.
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The edit sounds like a (possibly unintended) feature. 
Basically, it looks like what is happening is that when the refund came in, it was treated as an extra payment, so just taken off the final payment, but when you edited the plan, it reblanaced and recalculated all of the payments based on the current outstanding balance at the time you made the edit.
So editing it back to 3 payments again recalculated it for (rougly) even amounts for each month.
TLDR
- receiving the refund triggers the extra payment logic, so final payment changes
- editing the selected plan triggers the entirely separate recalculation logic, so all payments change
(But that’s all just guesswork, not gospel)
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Can confirm that changing installments after an extra payment (or partail refund it appears) recalculates the monthly installments.
I had something flexed over 12 months (11 remaining):
- Made an extra payment now
- Final installment reduced
- Adjusted installment so I had 10 remaining instead of 11
- Readjusted back to 11 months remaining
- Monthly payments are now less than they were before, but still over the same term
This does seem unintentional, but shows that they COULD change the app to allow extra payments to reduce monthly payments instead of always paying off the final installment.
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Used Flex for a hold at a hotel on Sep 16 (it was a points stay so there’s no charge just the hold) and it has still not dropped off. Hotel say it has but hey ho, I think I need to wait 30 days and it should automatically drop off Monzo.
I thought I’d see if they would still take a hotel bill like the good old days, and there’s a mention of an option but then no actual option to choose. Is this just Flex or does it show on main Monzo too:
Second question: I’ve now paid the first instalment of the pending transaction… when dropping off will that part that I’ve paid go back to Flex or back into my main account?
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You’ll get any money you paid to Flex, back into your current account once it reverts.
Treated the same way as a refund.
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You’ll be refunded when the hold is released. You shouldn’t have been charged any interest - even if you chose to pay over 4+ months - because the payment hasn’t settled.
It’s one of the quirks with how we’ve designed Flex to instantly show spend rather than waiting days until it settles. We know this isn’t a great experience at the moment, so we’re working on improving it. I’m excited to share it with you in a few weeks
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Thanks! It could be made a better experience for sure. I have no issues with the hold of the balance, it’s more the money I’m putting towards the hold.
Even if there were a second tab for anything pending, that your monthly payments wouldn’t go towards until they settle (and move into the settled tab) might work.
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Awesome. I’m going to be Flexing a €1,700 hotel bill in 2-4 weeks, so that will be great timing if they do the “hold €1,700 on checkin, then bill €1,700 on checkout as a separate transaction” trick that they sometimes do.
Hi - just had an email from YNAB who have confirmed that Flex now works with their direct import functionality. I’ve just tried it and it all seems to work fine now. This is going to save me a lot of manual data entry so I am very happy!
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