You would be way better off using Summary to do this. It deducts all bills from your balance - super cool.
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This 
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But does it prevent you from overspending? E.g at the start of the month I pay in £1000, £800 for bills and £200 for spending. Would I then be able to walk in to a store and purchase something for £999, assuming no bills had already been paid out at this point? I’d like a way of having a dedicated pot for spending money, that I can’t overspend from, separate from the rest of the money in my account , perhaps with a dedicated physical or virtual card linked to it. This way I can ensure I don’t overspend before all my bills have gone out/spend any money I’d saved during the course of a month before putting that in a savings pot at the end of the month.
Yes, but why would you do that? If Summary shows £200, that’s all you should spend, but if a bill comes in a little higher, or you need cash and don;t have your phone, you have the £200 there ready. You could use Pots for what you are asking, but personally I wouldn’t.
I like the idea of setting direct debits and standing orders up from from pots.
With my current highstreet bank I have two accounts, one for direct debits and standing orders which I transfer a fixed amount into each month. The other current account is effectively fun money to spend as I please.
I have the same exact requirement. it would be nice If I can create a separate Savings account. using the same email.
I second this. I would like to move to Monzo completely eventually but this is stopping me. I agree with one of the other comments. The reason for multiple accounts is so you can’t spend the money which is needed for necessary things. One example, I have a single account for fuel as I need £300 a month for petrol. Having this money set in its own account stops me spending that money on other non necessary goods/services. I need to make sure I have petrol money so I can get to work 
Additional accounts works but potentially this requirement could be solved in a different way…
Wouldn’t “pots” be perfect for this?
If you could spend from them, sure.
So you’d currently need to manually move the money back to your main account before you can spend it.
But that should change soon!