Not really the thread for it, but having set up Bill Pot for all my direct debits - it really annoys me when companies like Spotify, Netflix and co only offer card payments with the rolling subscription.
Best I’ve settled for is moving to PayPal with a DD but then it means I have to have all PayPal direct debits in the same pot.
I really dislike “Continuous Payment Authority” type payments…
Apologies if this has already been noted or mentioned as I think these topics (especially the popular ones) become difficult to keep tabs on/monitor quickly.
It would be really good to assign a pot to pay the Monzo plus fee and also subscriptions/recurring payments (e.g. Spotify) as well in the future!
Loving this so far though game changer in my opinion👍
I was confused after enabling the feature that there is no mention of “Bills” when creating a pot. So it seems what’s been added is the ability to set Direct Debit payments to be taken from Regular pots?
Yes, that’s correct - you can pay any D/D from any pot. You can have a single ‘bills’ pot from which all D/D’s are paid or you can have multiple pots which pay different D/D’s, depending on your financial management preferences.
I’ve got a direct debit that is due to be paid from a pot (which has an adequate balance), but I am still getting a warning message that my main account will go overdrawn. Is this behaviour others are experiencing?
Yes, this is how the app currently behaves. It still looks at your main balance (ignoring the available funds in the pot) and so if your main balance is lower than the D/D due to be paid (even though you have funds to pay it in the pot), you’ll get the notification that you’re going broke…
God those notifications make me twitch. They’re a good idea but so supremely dumb as every single one I’ve had has been a false alarm - and I get like three a week.
I noticed something yesterday regarding DDs that came from pots, in that if the DD amount changed I comparison to the last time (e.g. paying the minimum credit repayment each month which alters from month to month) it interferes with the summary, as in it confuses the summary into thinking you don’t have the money even if you pre-empt the amount needed which is already in the pot it’s due out from.
The other thing that throws the summary out is if the DD amount isn’t yet known (e.g. a new DD), again, even if you already have the amount needed in your pot ready for it.
Both DDs scheduled yesterday for today wiped my “available” balance in my summary to nearly nothing (despite having it available in my pot the DDs were due out from) and now that they’ve been taken today the summary has rectified itself because of withdrawing the money from the pot it was scheduled from.
If this can be sorted (only because I panicked yesterday when I saw a much lower amount available on my summary ) then it would be tons better! Nevertheless, it’s still a fantastic feature and look forward to standing orders and subscriptions being added in the future