WhyAydan
(Aydan )
10 January 2025 19:39
669
Real question is, is @Dan5 taking part in the 1p Challenge
2 Likes
betalogic:
Common Questions:
How do I backdate the missing days since the 1st January?
You don’t, the challenge rolls 365 days from the day you started, NOT from the 1st January - catch up is for if you pause payment into the pot at any point within your 365 day cycle.
Can I start the challenge after the 31st January 2025?
Yes, but only if you are on an Extras, Perks or Max plan and you will no longer be eligible for the £10,000 Prize Draw as you’ve started after the cut off.
How do you get the 4.10% AER on the challenge pot?
Members on a Extras, Perks or Max plan (Extras members who usually get 3.60% on their pots only get the 4.10% on this challenge pot).
How does the monthly draw for the £100 prize work?
Monzo will choose ten winners at random on the first working day of each calendar month starting from February 2025 to (and including) January 2026. They will contact all winners know by email or in the Monzo app and give the prize within 30 days. (Refer to Ts&Cs here)
Do existing Plus/Premium members also get the 4.10% AER on the challenge pot?
No, only members on an Extra, Perks or Max plan. (Refer to Abhi’s post here ).
Can I opt out of earning interest on the challenge pot?
No - if you are a Extras, Perks or Max member and don’t want to earn interest, please use the IFTTT applet here (Refer to Abhi’s post here ).
Can you pay into the challenge from a pot?
Not at present, but it has been noted as a feature request here .
How much will be put into the pot on day 365?
£3.65
Is there a table showing how much we can expect to put away each day/month?
You can use this Google Sheet here .
What is the Surprise Treat?
Wait till the 3rd March to find out.
Since it’s disappeared in the undergrowth, gonna pull this back down.
For anyone new, common questions and answers!
(Is there a better way to highlight this? I don’t wanna copy and paste the entire thing again and get told off or flagged)
1 Like
WhyAydan
(Aydan )
10 January 2025 19:41
672
To your name or in the pot
3 Likes
When did you get to start this challenge!?
Dan5
(Dan)
10 January 2025 19:42
675
Isn’t that quite the mathematical challenge
1 Like
jo
(jo 🇬🇧🇮🇪🇯🇪🏳️🌈)
10 January 2025 19:42
676
29 days ago innit? So the 14th December?? 15th?
Dunno what’s wrong with my maths . 11/12th December I think
1 Like
I’m not too sure how to answer that but its Friday at nearly 9pm so my brain has tapped out for now
jo:
29 days ago innit?
At least someone is still switched on!
jo
(jo 🇬🇧🇮🇪🇯🇪🏳️🌈)
10 January 2025 19:43
678
I looked at the spreadsheet
3 Likes
Dan5
(Dan)
10 January 2025 19:45
680
WhyAydan:
Jo in school.
Maths
Monzo forum
Dan at work.
Doing admin
Monzo Community
4 Likes
WhyAydan
(Aydan )
10 January 2025 19:45
681
Sounds like a good balance that
Dan5
(Dan)
10 January 2025 19:46
682
13th December was the first day I paid in!
3 Likes
npc_06
10 January 2025 19:47
683
So Monzo staff were the beta testers by the sounds of it.
2 Likes
Revels
10 January 2025 19:47
684
All that time and you didn’t tell us!
Who is this new secretive Dan and what happened to looselippedDan!
1 Like
They didn’t test it quick enough
3 Likes
Dan5
(Dan)
10 January 2025 19:48
686
We usually test things internally for bugs etc before launching to the public!
I just try and avoid topics discussing new things because as @Revels alluded to above, I’ve been known in the past to accidentally ruin a carefully planned launch strategy…
14 Likes
jo
(jo 🇬🇧🇮🇪🇯🇪🏳️🌈)
10 January 2025 19:49
687
WhyAydan:
Jo in school.
Maths
Monzo forum
Flaggable content that is
(Joking, on case it wasn’t clear). And yes, you’re right. Although I should be better considering I’m doing an Alevel in it haha. I don’t want to take this off track though and get the flagger back here.
I do just wish Monzo had had this ready for the 1st. Would’ve saved so many questions on here
2 Likes
npc_06
10 January 2025 19:49
688
Out of interest are you and the other staff eligible for the prize draws as well?
1 Like