It would be nice to be able to pay a tab only partially if the amount of money in the account is not enough to pay it 100%.
I found myself in a position when I want to repay immediately part of it but I can (example shared monthly mortgage ) but I don’t need to repay the rest.
We’d love to use the shared tab but It cannot work like that.
Could it be useful?
We could use the “request money” feature but we want to keet track of all transactions in the shared tab, it is easier.
I have to agree with this. The only way I’ve found to keep track of the tab and still settle only part of the total value is this:
Let’s say I have a tab with me and one other person. In the tab I owe them £200 for a flight on a holiday but I only have £100 to spare right now.
I send them £100 directly (outside of the tab) and then add that transaction to the shared tab and say they owe me the full £100.
This seems a bit counter intuitive, but it does work out mathematically as it reduces the amount I owe them by £100.
It’s a bit of a pain, but it does the job for now.
For sure I’d much rather an option to partially settle a shared tab though
I have just got my girlfriend on Monzo, and having a shared tab is great… in practice.
The ability to pay off individual items is a must, as my girlfriend gets paid weekly and may not be able to afford to pay off the complete debt.
The only alternative is to pay for items outside of the tab and remove items, but this isn’t intuitive.
3 Likes
Anarchist
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7
Solid vote for this from me. Set up a shared tab for buying a house with my partner (solicitor payments, housing survey, etc) so it grew quite large pretty fast, and we were kind of astonished that it wasn’t possible to make a partial payment.
It would be even better if you could set up a recurring monthly payment that automatically terminates when the balance is fully paid
Completely agree! I have a large shared tab (IKEA and a whole bunch of other costs bundled together) and I get so depressed looking at it because I can’t settle it all in one go!
Would love this feature! Otherwise shout out to Monzo for creating a really user-friendly app!
You can now add recurring payments to a shared tab. If there was any regularity to the size of the tab you could schedule a recurring payment to deduct from the tab:
Add scheduled payment
Payements -> Scheduled -> + -> Enter their bank details (yes, even if they’re on Monzo)
Add scheduled payment to Shared Tab
Payments -> Shared -> Tab -> + New Payment ADD -> Add recurring bills -> select the recurring payment
I’d really love the ability to partially pay a tab. I’m using my bonus to pay a decorator and the payment will be added to our shared tab for home improvements but my husband can’t repay half in one go so I’d have to wait 2-3 months to get anything using the shared tab
We want to use the tab as it’s good to track how much we’re actually spending on the house but having to pay all in one go is quite restrictive.
Even being able to add any credits you’ve received, then splitting that between the tab members, would help. Just so you can manually chip away at a shared tab.