I’m always nervous about using Direct Debit, it just lets a company take whatever they want from your account with no warning or control from me over my spending.
It would be great if Monzo let you have proper control over this like you do with any other payments.
Setup - currently a new direct debit just appears in the list, company X has set it up - why not send me a notification, company X wants to setup a direct debit, for an amount, on a day of the month - “are you sure you want to allow this to happen?”
Payments - each month before the payment is taken, a notification, company X is trying to take £Y from your account, confirm/deny the payment.
I know that supposedly with the ‘direct debit garrentee’ you can get your money back when something is wrong, but its this happens after the fact, and is a going to be a lot of effort, and yea, companys are supposed to inform you of how much they will take and when, but these tend to be paper letters that get lost and you dont remember every month whats happening.