Hi everyone
Iām Jon, I normally work on the backend systems that power Monzo Business. But today, Iām incredibly excited to share with you a feature that we worked on in our recent hackathon!
Help us test our new spending block feature
Ever since we shipped gambling block, youāve asked us if you can also block other places where you spend. And now, you can!
Our mission at Monzo is to make money work for everyone, and our original motivation was to support folk who struggle to feel in control of impulsive spending. But we also hope this new financial control tool helps those who just want a bit of help to save money too.
Weād love to hear how you find using this initial version. What works well? What surprised you? Did anything not work how you expected?
How does it work?
For now, you can only create a block by going into the detail view for a past transaction and going to the new āSpending controlsā section. In a future iteration, we hope to remove the need to have spent somewhere to block it!
When setting up the block, you have the option to leave yourself a reminder, which weāll show you if you later try to remove the block.
Over the years since we launched the gambling block weāve worked with experts by experience, and expert organisations, to understand impulsive spending behaviours and how we can design tools that help you feel more in control, so weāre keen to learn as much as possible from your feedback.
How do you start using it?
You can access this new feature by going into Monzo Labs and activating the āSpending blockā toggle. Youāll need to be on app version 5.34.0 or later.
This is ā hopefully ā just the beginning
A block is a start, and we already have some ideas for what to do next. But weād also love to hear what the Community would like to see!