We’re really excited to let you know that we’re ready to test Bills Pots! This’ll allow you to pay for direct debits (and soon, standing orders), right from a Pot of your choosing.
It’s available now on Android, and will be available for iOS on Tuesday.
What are Bills Pots?
Exactly what it says on the tin! You’ll be able to assign any direct debit to be paid from a specific Pot, rather than from your main balance.
Right now, we’ll only support direct debits from Bills Pots for now - but we’ll add standing orders soon.
When enabled, all you’ll need to do is head to the Scheduled section in your Payments tab, tap on a payment you’d like to move, then tap the Pot you’d like to pay from. Or, head to a Pot, and you’ll see the option to “pay a bill from this Pot”.
If you don’t have enough money in your Pot to cover the payment, we’ll take the money from your main balance. If you don’t have enough money in your main account, but do have an authorised overdraft, we’ll make the payment from your overdraft.
Before we release this to everyone, we need some willing testers! So, head to Labs in your Monzo app (by heading to your Profile, then tapping “Monzo Labs”), switch on Bills Pots, and test it out! It’s available on Android now, and will be coming to iOS on Tuesday.
We’ll be using this thread to gather your feedback, so if you come across any problems, or have any general feedback, please do drop your thoughts here!