If you want to switch from another UK bank to Monzo (or any UK bank to any other UK bank for that matter), you can use the CASS service (Current Account Switch Service) which has the banks involved switch your D/Dās from the old bank account to the new bank account. Salaries are not included in this switch though - you have to tell your employer yourself about the change. The Monzo āadd salaryā is a feature which makes it easy to present your new Monzo bank account details to your employer to allow them to pay you using the new (Monzo) bank account - thatās it.
Re: āSalary Sorterā (which works with āGet Paid Earlyā) - this is a Monzo feature which allows you to sort any income over Ā£100 between your Monzo accounts, pots, and Joint Account connections in one āsortā. You can choose the amounts to send to multiple accounts/pots and initiate the move(s) with one tap. You can also save these āsortsā so that future sorts are the same when the same income arrives. This feature is worth its weight in gold - salary arrives, tap on āsortā - check amounts to be distributed are correct and tap to confirm - job done!
But Salary Sorter (in the Monzo sense) has nothing to do with receiving your salary into a Monzo account when moving from another bank to Monzo (via the CASS service)
Hope this helps! (BTW, Iām looking forward to claiming one salary early, this Friday instead of next Monday, and will be immediately almost-auto-sorting that salary between our Monzo accounts and pots)
I can assure you this was the excuse given back on time.
I donāt have the energy to dig in this board to find the quote but feel free to.
I have revived the question above for an updated explanation if this changed.
ā¦ As if by magic, weāre currently speculating that this might be a thing . No official promises or guarantees though.
I really donāt think it was. It was more about regulatory rules about payment accounts, the logic that Monzo would need to build and the millisecond speed that the payment network needs Monzo to reply in.
I wonāt assure you thatās true because - like you - Iām just going on recollection so would rather leave room that I might be wrong.
More likely the payment time. Transferring funds ājust beforeā the payment goes out is next to impossible if you donāt know what time itās going out.
Possibly not worth worrying about now if some of the theories going around at the moment turn out to be true.
Does anyone know if the Salary Sorter will eventually combine salaries? Its rather annoying getting paid the same day but having to sort each salary separately rather than a combined sort
Youāre the first to ask for this as far as Iām aware, so Iād say there is a slim chance that this is being worked on.
Iām not sure how it would work either because it doesnāt just sort salaries. Any payment (over Ā£100 if I remember correctly) can be sorted so youād need a way to mark each payment youād want combining.
Either way, your best bet is to create a new topic in the āfeedback and ideasā category. Then people can vote on if they find it useful and should it get a decent amount of votes - youāll get Monzos attention
It might be a rare thing so they never considered it
What youāre asking would require two people who put their entire salaries into their joint account and they are both paid on the same day too. These two things combined is what probably what makes it a little niche.
Who knows though, now you have at topic where people can vote it might show different. Good luck with your suggestion!
Itās based on the receipt of >Ā£100 and from what Iāve seen so far, it remembers the sort from last time (if selected) for each company/individual that pays you.
I donāt see how a combined sort would work. I manually sort 4 receipts each month at different times. While Iām sure it is technically possible, the mechanics behind it to ensure a wide-range of incoming values, companies/individuals and dates would take some doing, to make sure everyoneās individual application of the feature worked.
For me, this is a specific Salary sort to the Bills pot - covering the amount required to transfer to the external account(s), plus other amounts for other transfers/bills - then a repeating scheduled payment into the external account, assigned from the Bills pot. The only manual steps are initiating and confirming the sort. Iām beginning to think there is a regulatory issue about making these steps automatic, otherwise Iām sure itād have been done by now. Then again, a few things were expected to be done by now!
That feels a bit different: my ideal use case is that salary sorter is automatic, including to external accounts.
Your scenario, if Iāve understood correctly(?), sounds a bit like the change that might be happening behind the scenes now: changing pots to be payment accounts. In theory thatād allow for scheduled payments from pots.
It does feel like lots of foundations are being put in place to make all that happen. It still feels to me like it could be more pacey, but I imagine thereās so much behind the scenes work that needs to be done firstā¦
I miss the days when it used to tell me what scheduled payments were due for the month on the Salary Sorter list so I knew exactly what to transfer without having to go back and forth between Monzo and my bills spreadsheet
. No official promises or guarantees though.
