Good shout (and a good subject for another poll ). I was looking at the new Money Dashboard and they have connections to Nutmeg, Pension Bee, Wealthify and WiseAlpha amongst others) so it’s certainly possible. For my part, I’d be keen to have Starling, Freetrade, T212 and Coventry Building Society on board. I’d also like to hook into Zoopla (or another PropTech)'s API so I can track the value of my home, too…
They’ll probably add it soonish. I imagine they might have held back for now as it probably requires some human validation+ extra COps involvement. Unless it’s now a metal only feature.
I voted for a couple of Something Elses - this would be all of them:
I’d like to have More IFTTT triggers - any account ‘action’ would be great as a trigger. Literally any discrete account action I would love to see as it’s own trigger. (I don’t think Native is realistic as I want more from IFTTT than just potentially pot moving). That said the Auto Export goes some way to facilitating that if you’re inclined to play with GSheets. And so far I am
More Pots (though I think this should be a core feature).
Nested Categories
And finally overhauled Budgeting - with an Envelope Budgeting / YNABy flavour to it.
And I guess also Joint Account functionality - I do think the budget related stuff should apply to Personal and Joint equally. As a user, I don’t really have proper “advanced budgeting controls” if a good 25%+ of my transactions are stuck in Basic Mode.
I’m medium happy with it so far - I think the decider of keep or not will be:
Do VCards improve in function by the end of the first 3 months.
Do I get my Dashboard set up the way I want to make the Google Export worth it. (i.e. does this save me money)
The connected accounts feature provide a nice overview in theory but, in practice, my car finance, mortgage, primary credit card, and savings account are all absent from the list. Among the accounts which are supported, there’s scope to provide some great spending insights but Monzo Plus doesn’t offer this service (yet?).
The interest is nice but I’d be paying £5 and getting (up to) £1.66 in return makes little sense.
Foreign money withdrawals - not really an issue at the moment and increasingly I pay by card while abroad.
The card is pretty nice but I use Apple Pay for most things now. (Caveat, I really don’t like how the holographic card is displayed in the app.)
Virtual cards - I see little value. I can’t remember when I last lost my bank card (). If I think websites are dodgy, I don’t use them and, in any case, the virtual cards stuff does nothing to limit how much money a fraudster can take from your account.
Custom categories - I don’t use categories or summary at all these days, so I’m not interested in the ability to customise these options. I like the “left to spend” bar under my account balance in the app but I don’t bother with any more analysis than that.
Will I stick with monzo? For now, yes, their app is still cleaner, quicker, smoother than any other bank I know. I use bill splits and shared tabs with friends and family and find those tools useful (I could still use them if I switched away but it would involve lots of extra fiddly transfers).
So far I’m enjoying the upgrade, Monzo helped me get my finances more on track, and I’m hoping the auto-export can take that to the next level. I honestly prefer them saying “Here’s the data go wild” rather than forcing a style of budgeting on me.
What I would like is:
Interest to be included in the auto-export
Nested Categories
Exclusive offers, and offers that mean more to me
Marcus, T212 and Vanquis (ew) integration
Features I can’t actually think of but then see and realise I’ve been missing that feature my entire life
I’m inclined to agree. The only thing that I think will be of use is being able to see the full card details (including CVV) in the app. But the design is a bit off (something that I’ll probably write about separately). And the problem could be sorted by just… showing the CVV of the physical card in the app. (Or me not leaving my wallet in another room).
I would to see Joint Account support (of course). I don’t even mind if both of us have to have Monzo Plus to get it in the Joint Account. My favourite parts of Plus are limited by the fact most of my transactions go through the JA.
So this could be like having Car, and within Car you have Fuel, MOT, Insurance so on. Niche use-case but it means I can build my dashboard a bit easier and scaleable
And just to add to that, it would mean you can see spending for “Car” at a total level too, rather than just the 4 sub categories it would have.
With a full data set, I could see year on year how much I spend on say “Food + Drink” as a total category, when underneath that Groceries / Eating Out / Drinking are three categories that could fluctuate month to month.
Something to throw into the mix: being able to assign categories to receipt items - or to manually add receipt items to transactions. That’d work well with split categories…
Joint Account support. And I mean FULL JA support to match what I and the other JA party has access to - simple as… We’ve had a JA since it launched and have yet to have;
IFTTT integration monzo.me (for ‘us’)
Plus support - at any level (old Plus or New)
questions: on your marks, get set, go!
). I was looking at the new Money Dashboard and they have connections to Nutmeg, Pension Bee, Wealthify and WiseAlpha amongst others) so it’s certainly possible. For my part, I’d be keen to have Starling, Freetrade, T212 and Coventry Building Society on board. I’d also like to hook into Zoopla (or another PropTech)'s API so I can track the value of my home, too…
). If I think websites are dodgy, I don’t use them and, in any case, the virtual cards stuff does nothing to limit how much money a fraudster can take from your account.
, make it so